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Vegano Foods Completes Acquisition of Upstart Oat Milk Brand SMPL Oats
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Only Plant Based! Mayo, Sour Cream & Dressings Launch Across the U S
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Vegano Delivers More Than Just Meal Kits With the Launch of Their Online Marketplace
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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.
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VANCOUVER, BC, March 9, 2021 /PRNewswire/ Vegano, Canada s first 100% plant-based meal-kit delivery service, announced today that it had completed a $4.2 million Series A fundraising round. The investment round brings Vegano s funding to $6 million since it was founded in March 2020 and its post-money valuation to $14 million. Vegano will use the funding towards its go-to-market strategy, business development and marketing efforts, accelerating new product development, and preparing for the launch of its vegan marketplace this coming April.
Vegano logo against white background
This round of financing adds to the already strong year for Vegano, which officially launched its service on Jan. 4, 2021, and has delivered over 2,000 of meals across Metro Vancouver, Squamish, and Whistler. Initially, Vegano aimed to raise $2 million but exceeded that amount by more than double in the oversubscribed financing round.