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Patriotic Canadian venture capital firm Inovia raises $450-million to back domestic tech champions theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Calgary startup Symend raises US$43-million, hires hundreds, bringing hopes of tech revival to depressed oil patch Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Todd Korol/The Globe and Mail Symend Inc., a Calgary startup that has become one of Canada’s most rapidly expanding technology enterprises serving big corporations, has raised an additional US$43-million in venture capital, just nine months after securing US$52-million from investors. The financing was led by Inovia Capital, which also led last May’s round. Other investors include Ignition Partners, Impression Ventures, BDC Capital, Mistral Ventures, Plentyoffish.com founder Markus Frind and Matthew Schiltz, a former chief executive of DocuSign Inc. ....
Ottawa’s Mistral raising nearly $50-million fund to capitalize on post-COVID opportunities Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer One of Canada’s few prominent “seed-stage” technology venture capital firms, Ottawa’s Mistral Venture Partners, is closing in on its goal of raising $50-million for its third fund to back startups hoping to reshape the postpandemic economy. Mistral, led by veteran venture capitalist Code Cubitt, was set to start raising the fund last March, but delayed plans as the pandemic took hold. However, Mr. Cubitt said he went back out two months later at the behest of his anchor investor, Business Development Bank of Canada. So far, Mistral has raised $41-million for the fund – including backing from BDC and fund-of-funds ....