Today in funding: Ratesdotca, Damon Motorcycles, Forma.ai, Vegano Foods, Dispension, GenXys, DeFi Ventures
Seven Canadian tech companies, Ratesdotca, Damon Motorcycles, Forma.ai, Vegano Foods, Dispension, GenXys, and DeFi Ventures have recently secured financing to fuel their growth. Here’s the latest on who raised money, how much, from whom, and what they plan to put the new funds toward.
Ratesdotca secures $51 million in financing
Toronto-based fintech company Ratesdotca, which offers an online platform for insurance and other financial products, has raised $51 million CAD in equity and debt financing. The round includes an additional equity investment from majority shareholder Ontario Teachers’ Pension Plan Board (OTPP), which acquired Ratesdotca in 2018. It also includes debt financing led by BMO Financial Group, through a syndicated facility with TD Bank Group.
Today in Funding: Tokens.com, e-Zinc
Two Canadian startups, Tokens.com and e-Zinc, have recently announced fresh funding rounds to fuel their growth. Here’s the latest on who raised, how much, from whom, and what they’ll be putting the new funds toward.
Tokens.com raises $2.17 million CAD in seed financing round
Toronto-based digital asset transaction startup Tokens.com has raised $1.7 million USD ($2.17 million CAD) in its seed financing round. The round closed on December 17.
Kiguel noted that Tokens.com has also initiated the process to be publicly listed in 2021.
The startup claims that due to interest from investors it increased its original goal of raising $1 million USD to $1.7 million USD. Investors include 30 institutions and individuals, including Bitbuy Limited, First Block Capital, HIVE Blockchain, Bloq co-founder and chairman Matthew Roszak, and Polychain Capital founder and CEO Olaf Carlson-Wee. A spokesperson for Tokens.com refused to dis