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Category Archives: Venture Capital

Shapshot of a VC Deal: Sweet Tooth Rewards

Who: Sweet Tooth Rewards, which provides e-commerce retailers with a system to create points-driven loyalty programs to reward customers. The Waterloo, Ont.-based company, which was started in 2009, has 1,500 customers. How Much: $2.25-million from OMERS, MaRS Investment Accelerator Fund, … Continue reading

Snapshot of a VC Deal: Blueprint

Who: Toronto-based Blueprint, which offers a Web-based requirements definition and management service. How much: $15.9-million from new investor, Tandem Expansion Fund, along with existing investors,  BDC IT Venture Fund, Walsingham Partners Fund, and several private investors. The money raised will be used to … Continue reading

Canada’s Hot New VC: The Federal Government

While Canada’s venture capital sector is showing signs of improvement, it is a long way from being robust, let alone healthy. So it was encouraging to see the Conservatives commit $500-million to support venture capital initiatives. The support consists of … Continue reading

Snapshot of a VC Deal: Axonify

Who: Waterloo, Ont.-based Axonify (formerly 17 Muscles), which is developing an online service to train workforces How much: n/a from Silicon Valley-based Bridgescale Partners, along with Investment Accelerator Fund in Toronto. The lowdown: I asked Axonify CEO Carol Leaman, CEO with … Continue reading

The Last, Arduous Mile of Raising VC

For startups, raising capital is tough slogging. From the outside, the courtship with VCs may look glamorous but it consumes a lot of time and energy. As well, it can an enormous distraction because a startup’s founders have to spend … Continue reading

Snapshot of a VC Deal: TeamBuy.ca

Who: TeamBuy.ca, which offers group buying services in Canada. How Much: $5-million from existing investors. Last July, the Toronto-based company raised $7-million last July from an institutional investor. The Quote: “We’ve re-imagined the daily deal business model to fit a customer … Continue reading