Tracxn - Geo - Canada Tech - Mar 2021

TRACXN MONTHLY REPORT
MARCH 2021
CANADA TECH

Canada Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Canada Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 12
Top Funded Business Models - last 1 year 14
New Analyst Picks 15
IPOs 20
Acquisitions 21
Recent News 24

Canada Tech Snapshot – March 2021
Canada Tech: Snapshot – March 2021
Note : "Investors" refers to "Institutional Investors" only
3
$1.2B
30 10
Overall Geo Stats
20
30
132
43
63
Funding Rounds $ Invested Analyst Picks
Hopper Upgraded
to UNICORN
New Investors
Wefunder
fd7.ventures
Series A+ rounds Active Investors IPOs
Deep Spatial
Glow LifeTech
Acquisitions
Strongpoint#@
Cybeats#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Toronto
(22 Rounds, $401M)
Vancouver
(8 Rounds, $531M)
Calgary
(8 Rounds, $11.8M)
Montreal
(6 Rounds, $186M)
$305M - Series C
Dapper Labs (2018, Vancouver, $607M)
$200M - Series D
LIVEKINDLY (2017, Vancouver, $536M)
$170M - Series F
Hopper (2007, Montreal, $444M)
$85M - Series B
Snapcommerce (2016, Toronto, $100M)
Inovia Capital
(5 Investments)
Y Combinator
(4 Investments)
Real Ventures
(3 Investments)
Arthur Ventures
(2 Investments)
PC & Console Gaming
Dapper Labs
Online Travel
Hopper
Food Tech
LIVEKINDLY
Internet First Media
Market Size
Companies Covered 23,861
Funded Companies 5,595
Total Funding $34.8B
Funding in last 12 months $6.9B
Top Exits
IPOs 518
Acquisitions 1,466
Company Stage
Unicorns 9
Soonicorns 105
Minicorns 330
Editor Picks 1,934
Series A+ 1,240
Series C+ 311
Acqui-Hires 14
Deadpooled 2,281
Top Cities
Toronto (1,648 Rounds, $10.4B)
Vancouver (833 Rounds, $5.4B)
Top Investors
BDC (287 Investments)
MaRS Discovery District (167
Investments)

Investment Snapshot
Investment Snapshot of Canada Tech as of March 2021
Canada Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2021)*
Dapper Labs
(2018, Vancouver, $607M)
$305M - Series C Andreessen Horowitz
LIVEKINDLY
(2017, Vancouver, $536M)
$200M - Series D The Rise Fund
Hopper
(2007, Montreal, $444M)
$170M - Series F Capital One
Snapcommerce
(2016, Toronto, $100M)
$85.0M - Series B Inovia Capital
Snaptravel
(2016, Toronto, $115M)
$84.7M - Series B Inovia Capital
CorVista
(2012, Toronto, $100M)
$65.0M - Series C MedVenture Partners
Rates.ca
(2014, Toronto, $51.0M)
$51.0M - Series C Ontario Teachers' Pension Plan
KOHO
(2014, Toronto, $98.5M)
$39.5M - Series C TTV Capital
Brim Financial
(2015, Toronto, $25.0M)
$25.0M - Series B Desjardins
Svante
(2007, Burnaby, $175M)
$25.0M - Series D Suncor
Pocketpills
(2018, Surrey, $30.8M)
$23.7M - Series B TELUS Ventures
*Shows only the lead Investors

List of Funding Rounds (1/7)
List of Funding Rounds in Canada Tech in March 2021
Canada Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$25.0M - Series D
Svante (2007, Burnaby, $175.0M)
Provider of carbon capture solutions from the air
Suncor, The Roda Group, Carbon Direct, Temasek,
Chart Industries, and 5 more
LATE STAGE
$39.5M - Series C
KOHO (2014, Toronto, $98.5M)
Internet first bank
TTV Capital, Drive Capital, Portag3 Ventures
LATE STAGE
$51.0M - Series C
Rates.ca (2014, Toronto, $51.0M)
Online insurance comparison platform for individuals.
Ontario Teachers' Pension Plan
LATE STAGE
$65.0M - Series C
CorVista (2012, Toronto, $100.0M)
Provider of an AI-based cardiac health diagnosis tool
for healthcare professionals
MedVenture Partners
LATE STAGE
$170.0M - Series F
Hopper (2007, Montreal, $444.4M)
AI-enabled price prediction solutions for travel services
Capital One, Citi Ventures, Inovia Capital, WestCap,
Goldman Sachs
LATE STAGE
$200.0M - Series D
LIVEKINDLY (2017, Vancouver, $535.8M)
Online news portal providing health & fitness news
The Rise Fund, S2G Ventures, Rabo Corporate
Investments, TPG
LATE STAGE
$305.0M - Series C
Dapper Labs (2018, Vancouver, $606.6M)
Blockchain-based games developer
Andreessen Horowitz, Coatue, Venrock, AgVenture,
Gate 93 Ventures, and 23 more
LATE STAGE
PE
Cambridge Brain Sciences (2009, Toronto)
Provider of a cloud-based cognitive assessment tool for
healthcare professionals
Canadian Shield Capital
LATE STAGE
PE
Blo Blow Dry Bar (2007, Toronto)
App-based platform offering appointment booking
services
NewSpring Capital

6
LATE STAGE
Series C
CoolIT Systems (2001, Calgary, $6.5M)
Provider of direct contact liquid cooling system for
data centers and desktop systems
BDC, nVent
EARLY STAGE
$948.4K - Series A
Fresnel Software (2016, Calgary, $5.1M)
Cloud-based accounting and business management
software
EARLY STAGE
$2.0M - Series A
Covalent (2018, Vancouver, $5.1M)
Decentralized cloud storage APIs for blockchain
networks
Hashed, Binance Labs, Hypersphere, NEAR, Delphi
Ventures, and 4 more
EARLY STAGE
$2.7M - Series A
Worldplay (2006, Calgary, $3.2M)
Video delivery platform
EARLY STAGE
$3.6M - Series A
Classcraft (2013, Quebec City, $13.4M)
Classroom gamifying solution
Brightspark Ventures, Theodorus, Unreasonable,
Whitecap Venture Partners, Amplify Capital
EARLY STAGE
$3.8M - Series A
Paidiem (2019, Toronto, $3.8M)
Online workforce management software for
enterprises
EARLY STAGE
$4.2M - Series A
Vegano Foods (2020, Vancouver, $6.0M)
Platform offering plant-based meal kit delivery services
EARLY STAGE
$5.3M - Series A
QuikNode (2017, Toronto, $5.5M)
Application development platform based on ethereum
EARLY STAGE
$5.5M - Series A
Athennian (2016, Calgary, $14.2M)
Cloud-based corporate governance management
solutions provider
Arthur Ventures, Round13, Touchdown Ventures,
InterGen, ATB Financial, and 1 more
EARLY STAGE
$7.9M - Series A
Aeponyx (2011, Montreal, $17.2M)
Manufacturer of silicon-based photonic transceivers
Invest Quebec

7
EARLY STAGE
$10.0M - Series A
Forma (2016, Toronto, $10.0M)
Compensation management solution
Crosslink Capital, Panache Ventures, Golden Ventures,
Uncork Capital, Xfund
EARLY STAGE
$15.9M - Series B
Second Closet (2016, Toronto, $35.2M)
Provider of on-demand storage services
Whitecap Venture Partners, Cowie Capital, Michael
Hyatt
EARLY STAGE
$17.0M - Series A
Dooly (2014, Vancouver, $22.3M)
Reporting tool for Sales reps
Addition, Boldstart Ventures, Battery Ventures,
BoxGroup, SV Angel, and 7 more
EARLY STAGE
$20.0M - Series A
Clutch (2016, Halifax, $24.9M)
Online-first dealer of used cars
Canaan Partners, BrandProject, Upper90, Global
Founders Capital, FJ Labs, and 2 more
EARLY STAGE
$23.7M - Series B
Pocketpills (2018, Surrey, $30.8M)
Provider of a medication management software for
patients and pharmacies
TELUS Ventures, WaterBridge Ventures
EARLY STAGE
$25.0M - Series B
Brim Financial (2015, Toronto, $25.0M)
MasterCard credit card provider
Desjardins, EPIC Venture Fund, White Owl Capital,
goeasy, Impression Ventures
EARLY STAGE
$84.7M - Series B
Snaptravel (2016, Toronto, $115.0M)
Online chat-based meta-search platform for hotels
Inovia Capital, Lion Capital, Telstra Ventures, Thayer
Ventures, Full In Partners, and 1 more
EARLY STAGE
$85.0M - Series B
Snapcommerce (2016, Toronto, $100.0M)
Online AI-enabled platform for price comparison
Inovia Capital, Lion Capital, Telstra Ventures, Thayer
Ventures, Full In Partners, and 2 more
EARLY STAGE
Series A
Athennian (2016, Calgary, $14.2M)
Cloud-based corporate governance management
solutions provider
C100

8
EARLY STAGE
Series A
Fusebill (2011, Kanata, $8.0M)
Subscription billing platform for businesses
Fattmerchant
EARLY STAGE
Series A
TerraVerdae (2009, Edmonton, $3.2M)
Technology to produce biomaterials from non-food
based feedstock
SEED STAGE
$39.8K - Seed
Dynaleo (2018, Nisku, $2.2M)
Developer of cannabis based edible products
SEED STAGE
$100.0K - Seed
One Silicon Chip Photonics (2014, Montreal,
$100.0K)
Develop and manufacture Optical MEMS motion
sensors.
Luminate
SEED STAGE
$125.0K - Seed
ContentFly (2017, Toronto, $125.0K)
Provides an on demand platform for content
Y Combinator
SEED STAGE
$125.0K - Seed
CurveNote (2021, Calgary, $125.0K)
Cloud-based data sharing and collaborative tool for
researchers and scientists
Y Combinator
SEED STAGE
$158.3K - Seed
Dynaleo (2018, Nisku, $2.2M)
Developer of cannabis based edible products
SEED STAGE
$375.0K - Seed
SENTRY-AD (2018, Montague, $375.0K)
Developer of sensors for microbial metabolic activity
tracking in wastewater
SEED STAGE
$595.6K - Seed
MedMe Health (2019, Toronto, $595.6K)
Cloud based pharmacy management software for
professionals
Y Combinator, MaRS Investment Accelerator Fund,
Wefunder, Velocity
SEED STAGE
$600.0K - Seed
Green Matters (2011, Richmond, $2.5M)
Provider of heat recovery water heating systems
SEED STAGE
$794.9K - Seed
QuoteMachine (2018, Montreal, $794.9K)
Provider of suite solution for businesses
Telegraph Hill Capital, Maple Leaf Angels, Real
Ventures

9
SEED STAGE
$800.0K - Seed
MazumaGo (2018, , $1.3M)
Cloud-based invoice payment solution for businesses
Innovate BC
SEED STAGE
$834.1K - Seed
HempSana (2014, , $1.3M)
Provider of solution to process CBD oil form hemp
plants
SEED STAGE
$1.0M - Seed
Swirltex (2015, Calgary, $1.0M)
Provider of buoyancy based waste water treatment
solutions
SEED STAGE
$1.4M - Seed
Promoty (2017, Toronto, $1.9M)
Provider of influencer marketplaces
Vijay Sharma
SEED STAGE
$1.5M - Seed
Graffiti Games (2017, Calgary, $1.5M)
Video game publisher
VentureBeat
SEED STAGE
$1.5M - Seed
Powered by People (2018, Toronto, $1.5M)
Provider of B2B digital platform to manage handmade
businesses
TBD Angels, Matt Kalish
SEED STAGE
$1.5M - Seed
Audioptics Medical (2016, Halifax, $1.6M)
Developer diagnostic device for ear specialists
Innovacorp, Zeiss
SEED STAGE
$1.8M - Seed
TyltGo (2018, Whitby, $2.0M)
Online platform providing last-mile delivery services
Y Combinator, Charles Songhurst
SEED STAGE
$2.0M - Seed
LiveScale (2016, Montreal, $3.0M)
Live shopping solution for ecommerce brands
Luge Capital, WatchMojo, FrenchFounders, Panache
Ventures, Inovia Capital, and 2 more
SEED STAGE
$2.3M - Seed
Trufan (2018, Billings, $4.1M)
Social intelligence & audience management platform
Moneta Ventures, Protocol Ventures, Athlete Tech
Group, GP Ventures, Curtis Christophersen, and 2 more

10
SEED STAGE
$3.6M - Seed
CoinSmart (2018, Toronto, $3.6M)
Cryptocurrency exchange platform
SEED STAGE
$4.8M - Seed
Disco (2010, , $4.8M)
Provider of course creation and content management
solutions
Quiet, Golden Ventures, Inovia Capital, GSV Ventures,
Ivan Yuen, and 3 more
SEED STAGE
$5.1M - Seed
Heyday.ai (2016, Montreal, $6.6M)
Provider of chatbots solutions
Invest Quebec, Desjardins, Innovobot, Etienne Veilleux,
Yan Martins
SEED STAGE
$6.0M - Seed
LoginID (2018, Toronto, $6.5M)
Secure authentication solution
ASLI, Fabrice Grinda, Will Wang Graylin, George
Wallner, Damien Balsan
SEED STAGE
$8.0M - Seed
Companion (2017, , $8.0M)
Online platform offering automatic dog trainer device
IA Ventures, Tuesday Capital, Frog Design, Companion
Fund, Mars, and 4 more
SEED STAGE
Seed
ARTERNAL (2015, Toronto)
CRM software for art galleries
C100
SEED STAGE
Seed
Trellis (2010, Kelowna, $130.0K)
Fundraising platform for charities
Rhiza Capital, MAVAN Capital
SEED STAGE
Seed
Red Leaf (2019, Kelowna)
Sustainable packaging solution provider
SEED STAGE
Seed
Titan Clean Energy Projects (2008, Saskatoon)
Manufacturer of bio carbon products for horticulture,
agriculture and pet care
Innovation, Science and Economic Development
Canada

11
SEED STAGE
Seed
GeoComply (2011, Vancouver)
Geolocation solution provider for the gambling tech
industry
Blackstone, Atairos
SEED STAGE
Seed
SideDrawer (2018, Toronto)
API-enabled financial planning & management
platform for financial advisors
SEED STAGE
Seed
Bitcoinblackcreditcard (2021, Toronto)
Credit card for cryptocurrencies
SEED STAGE
Seed
MintGreen (2017, Burnaby)
Cryptocurrency mining hardware provider
CoinShares, Nelson Investments, Michael Deeg,
Meltem Demirors, Rus Newton, and 8 more
SEED STAGE
Seed
Corporate Finance Institute (2016, Vancouver,
$48.0M)
Online financial training software for enterprises
Elephant Venture Capital, Arthur Ventures

New Investors (1/2)
List of New Investors in Canada Tech in March 2021
Canada Tech: List of New Investors
12
Investor Company Info Round Amount Round Name
Wefunder
12 portfolio companies | Equity-based crowdfunding platform
MedMe Health
Cloud based pharmacy management software for professionals
$596K Seed
fd7.ventures
1 portfolio companies | FD7 Ventures
Bitcoinblackcreditcard
Credit card for cryptocurrencies
Undisclosed Seed
Central Garden and Pet
2 portfolio companies | Procures and supplies garden & pet care products
Companion
$8.00M Seed
Zeiss
7 portfolio companies | Developer of medical devices for research solution
Audioptics Medical
Developer diagnostic device for ear specialists
$1.51M Seed
EPIC Venture Fund
114 portfolio companies | Tech and Life Sciences focused early-stage VC firm
investing in the US
Brim Financial
$25.00M Series B
Fattmerchant
1 portfolio companies | Subscription based Payment services
Fusebill
Subscription billing platform for businesses
Undisclosed Series A
Mars
3 portfolio companies | Multi category food and beverage manufacturer and
brand
Companion
$8.00M Seed
Moneta Ventures
26 portfolio companies | Tech focused VC firm investing in early stage startups
in the US
Trufan
$2.30M Seed
Quiet
26 portfolio companies | Quiet Capital
Disco
Provider of course creation and content management solutions
$4.75M Seed
WestCap
12 portfolio companies | Venture capital fund focused on multiple sectors
Hopper
$170M Series F

New Investors (2/2)
List of New Investors in Canada Tech in March 2021
Canada Tech: List of New Investors
13
Investor Company Info Round Amount Round Name
Acrew Capital
20 portfolio companies | Venture capital firm focused on early stage startups
Snapcommerce
Online AI-enabled platform for price comparison
$85.00M Series B
Dreamers
17 portfolio companies | Sector agnostic VC firm investing in early-stage
startups
Dapper Labs
$305M Series C
Canadian Shield Capital
2 portfolio companies | Private equity fund investing in multiple sectors
Cambridge Brain Sciences
Provider of a cloud-based cognitive assessment tool for healthcare
professionals
Undisclosed PE
Unreasonable
3 portfolio companies | Multiple sector focused VC firm
Classcraft
Classroom gamifying solution
$3.60M Series A
AgVenture
2 portfolio companies | Agronomic and technology based farm management
consultation company
Dapper Labs
$305M Series C
MAVAN Capital
1 portfolio companies | Investing in Technology | Mavan Capital Partners
Trellis
Fundraising platform for charities
Undisclosed Seed
Rabo Corporate Investments
11 portfolio companies | Diversified investment management firm
LIVEKINDLY
Online news portal providing health & fitness news
$200M Series D
GP Ventures
4 portfolio companies | Mid-market investment bank focused on Technology
sector
Trufan
$2.30M Seed
Hashed
23 portfolio companies | Venture capital fund focused on crypto-assets
Covalent
Decentralized cloud storage APIs for blockchain networks
$2.00M Series A
Atairos
3 portfolio companies | PE firm investing in the US
GeoComply
Geolocation solution provider for the gambling tech industry
Undisclosed Seed

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
14
Rank Business Model $ Funding # Rounds Top Funding Round
1 <> 0 Data Science Platforms $1.0B 1 Databricks | $1.0B | Series G
2 ▲51
PC & Console Gaming > Game Developers > PC & Console
Games > Casual Games
$568M 3 Dapper Labs | $305M | Series C
3 ▲47 Life Sciences Platforms and Tools > Research Services $233M 11 AbCellera | $105M | Series B
4 ▲13
Online Travel > Horizontal > Online Agency > Price
Prediction
$170M 1 Hopper | $170M | Series F
5 ▲58
Higher Education Tech > Tech for Teachers > Classroom
Live Streaming
$130M 1 Top Hat | $130M | Series E
6 --
K-12 EdTech > B2B2C Learning Solutions > School
Curriculum > Math > Activity Based Learning > Games >
Adaptive
$125M 1 Prodigy | $125M | Series B
7 -- Cardiac Arrythmia Treatment Devices $115M 1 Kardium | $115M | Series B
8 ▲70 Visitor Management Software $100M 1 iLobby | $100M | Series D
9 ▲50
Air Pollution Management Tech > Carbon Management >
Carbon Capture > Carbon Sequestration > Adsorption
$100M 2 Svante | $75.0M | Series D
10 --
Pharmacy IT > Dispensing Management > Drugs Delivery
> Dispensing Systems > Remote Dispensing
$97.0M 1 MedAvail | $97.0M | Series D

New Analyst Picks (1/5)
Interesting Companies identified by Analysts in Canada Tech in March 2021
Canada Tech: Analyst Picks
15
Upgraded to UNICORN
Hopper (2007, Montreal, $4.2M, Series D)
Invest Quebec, Westcap, Dream Maker and 12 other
Investors
Upgraded to SOONICORN
Snaptravel (2016, Toronto, $21.2M, Series A)
Online chat-based meta-search platform for hotels
Lion Capital, Full In Partners, Lightbank and 9 other
Investors
Rates.ca (2014, Toronto, $51.0M, Series C)
Online insurance comparison platform for individuals.
Ontario Teachers' Pension Plan,Bank of Montrealand
CoolIT Systems (2001, Calgary, $6.5M, Series B)
Provider of direct contact liquid cooling system for
data centers and desktop systems
Kline Hill Partners, BDC, Inovia Capital and 5 other
Investors
Corporate Finance Institute (2016, Vancouver,
Undisclosed, Seed)
Online financial training software for enterprises
Arthur Ventures,Elephant Venture Capitaland
CorVista (2012, Toronto, $65.0M, Series C)
Provider of an AI-based cardiac health diagnosis tool
for healthcare professionals
MedVenture Partnersand

16
Upgraded to MINICORN
Pocketpills (2018, Surrey, $5.6M, Series A)
Provider of a medication management software for
patients and pharmacies
TELUS Ventures,WaterBridge Venturesand
QuikNode (2017, Toronto, Undisclosed, Seed)
Application development platform based on ethereum
Y Combinator,SoftBank Groupand
Trufan (2018, Billings, $400K, Seed)
Thaddeus Young, Protocol Ventures, Athlete Tech
Group and 8 other Investors
Brim Financial (2015, Toronto, $25.0M, Series B)
EPIC Venture Fund, Impression Ventures, Desjardins
and 2 other Investors
PitchPoint Solutions (2003, Toronto, $2.8M, Series
A)
Fraud prevention services for lenders
Tier One Capital, Globalive Capital, Canadian Imperial
Bank of Commerce and 1 other Investors
Heyday.ai (2016, Montreal, $1.5M, Seed)
Provider of chatbots solutions
Creative Destruction Lab, L-Spark, Innovobot and 5
other Investors
LoginID (2018, Toronto, $470K, Seed)
Secure authentication solution
Fabrice Grinda, Damien Balsan, Will Wang Graylin and
3 other Investors
Vegano Foods (2020, Vancouver, $50.9K, Seed)
Platform offering plant-based meal kit delivery services
Added to Editor's Pick
conversationHEALTH (2016, Toronto, Undisclosed,
Seed)
Provider of AI and SaaS-based chatbots for
conversation among patients and doctors
Google,Plug and Play Tech Centerand
SiMBi (2018, Vancouver, $460K, Seed)
Online platform for improving reading skills
Google, Katapult Accelerator, Kilauea Investments and
1 other Investors
MintGreen (2017, Burnaby, Undisclosed, Seed)
Cryptocurrency mining hardware provider
Michael Deeg, Frank Hinek, Oscar Plag and 10 other
Investors
VitaminLab (2016, Victoria, Undisclosed, Seed)
Developer of personlised supplements based on the
blood and genetic tests
Haro Ventures,Sprout.vc,Startup Creasphereand

17
Snack (2020, , $3.5M, Seed)
Online platform offering video-dating and
matchmaking services
Coelius Capital, N49P Venture Capital, Garage Capital
and 3 other Investors
Flash Forest (2019, Toronto, $100K, Grant (prize
money))
Provides reforestation services using drones
MFS Investment Management, Circular Investment,
SDTC and 2 other Investors
MazumaGo (2018, , $500K, Seed)
Cloud-based invoice payment solution for businesses
Queen City FinTech, E-Fund, Sprout.vc and 3 other
Investors
sMedia (2011, Regina, Undisclosed, Conventional
Debt)
Digital Marketing Solutions for Automotive Dealers
FirePower Capitaland
Daymak Avvenire (2002, Toronto, Unfunded)
Developer of multi-category electric vehicles
Cambridge Brain Sciences (2009, Toronto,
Undisclosed, PE)
Provider of a cloud-based cognitive assessment tool for
healthcare professionals
Canadian Shield Capitaland
Serverless Stack (2010, Toronto, $125K, Seed)
Provider of application development frameworks
Y Combinatorand
BioBox (2019, Toronto, Undisclosed, Seed)
Provider of a cloud-based genomic sequence analyzing
platform for researchers
2048 Venturesand
SideDrawer (2018, Toronto, Undisclosed, Seed)
API-enabled financial planning & management
platform for financial advisors
Merrithew Connect (1988, Toronto, Unfunded)
Provider of mindful body workouts training programs
ISBRG (2017, Mississauga, Undisclosed, Seed)
Provider of clinical data analytics platform
Universal PropTechand
Neurophos (2019, Unfunded)
Provider of metamaterial-based optical neuromorphic
computing solutions
ISF Incubatorand

18
Funnel Wolf (2019, Vancouver, Unfunded)
Cloud-based platform providing solutions to build sales
funnels and websites
Bluecity (2018, Kelowna, Unfunded)
Provider of AI and IoT-based smart mobility
management solutions
Tidal Medical (2020, Toronto, Unfunded)
Provider of an AI-based respiratory health monitory
system for healthcare professionals
Earthmetry (2019, Unfunded)
Provides data on air quality and climate change
newsfeedr (2020, Unfunded)
SaaS-based platform for verifying online content
Tapermd (2016, Toronto, Unfunded)
Provider of online medication therapy management
and drug review software for healthcare professionals
EverythingCard (2015, Toronto, Unfunded)
Provider of eGift card loyalty solutions provider
Tritech Insurance Systems (1992, Brampton,
Unfunded)
SaaS-based insurance software suite for property &
casualty insurers and MGAs
ORO Health (2020, Montreal, Unfunded)
Provider of an AI-based telehealth and communication
platform for healthcare professionals and patients
Maptual (, Toronto, Unfunded)
AI-based customer data platform
Tracescan (2020, Scarborough, Unfunded)
Provider of a wearable device for monitoring social
distancing and contact tracing
Botfront (2016, Montreal, Unfunded)
AI-based conversational analytics software solution
provider

19
Kinzoo (2018, Vancouver, Unfunded)
App-based platform for messaging and calling for kids

IPO Date Company IPO Mcap Exchange Ticker
04 Mar 2021
Deep Spatial (2019, Toronto, )
Provides a platform for integrating and visualizing geospatial data
CSE:DSAI
15 Mar 2021
Glow LifeTech (2018, Toronto, )
Developer of plant-based health products
CSE:GLOW
08 Mar 2021
Mednow (2018, Vaughan, $4.8M)
Provider of an online platform for teleconsultation & medications
$0.1B TSXV:MNOW
08 Mar 2021
Rritual (2019, Vancouver, )
Manufacturer of health supplements
$0.0B CSE:RSF
19 Mar 2021
Tevano (2018, Vancouver, )
Provider of temperature scanning device for workplace safety
CSE:TEVO
29 Mar 2021
Dialogue (2016, Montreal, $88.2M)
Provider of telemedicine platform for employees and patients
$0.6B TSX:CARE
08 Mar 2021
Eupraxia Pharmaceuticals (2012, Vancouver, $473K)
Sustained released formulation for osteoarthritis
$0.1B TSX:EPRX
18 Mar 2021
Avalon Advanced Materials (1995, Toronto, )
Developer of rare metals and minerals
LON:0UJN
18 Mar 2021
Payfare (2014, Toronto, $50.0K)
Digital bank account and prepaid card for corporates
$0.2B TSX:PAY
02 Mar 2021
Farmers Edge (2005, Winnipeg, $41.6M)
Platform providing data management and precision agriculture
services
$0.4B TSX:FDGE
IPOs
List of IPOs in Canada Tech in March 2021
Canada Tech: IPOs
20

Acquisitions (1/3)
List of Acquisitions in Canada Tech in March 2021
Canada Tech: Acquisitions
21
Acq. Date Company Acquirer Deal Size
01 Mar 2021
Strongpoint(2013, Toronto)
Integrated IT compliance, change management and
documentation solution
Netwrix
03 Mar 2021
Cybeats(2016, Toronto, $3.0M)
Provider of a cybersecurity platform for IoT devices
Relay medical
04 Mar 2021
GSL Solutions(2000, Vancouver)
Medicines dispensing solutions for pharmacies
Becton Dickinson
04 Mar 2021
GroupHEALTH(1982, Surrey)
Health & life insurance brokerage firm
Munich Re Ventures
08 Mar 2021
Dealer FX(2007, Markham)
Web-based customer experience management platform
Snap-on
09 Mar 2021
Inkblot(2015, Toronto)
Online platform for teleconsultation
Green Shield
10 Mar 2021
AcuteNet(2011, Toronto)
Provider of clinical assessment and population health
management software for clinics
AlayaCare
11 Mar 2021
Masstech(2001, Richmond Hill)
Offers enterprise level video workflow solutions
Telestream
15 Mar 2021
Halucenex(2019, Windsor)
Developer of psychedelic drugs for mental illness
Creso Pharma
16 Mar 2021
QoC Health(2011, Toronto, $0.7M)
PaaS technology solutions for healthcare organizations
Logibec

Acquisitions (2/3)
22
17 Mar 2021
HB Studios(2000, Lunenburg)
Video game developer focusing on casual games
Take-Two Interactive
19 Mar 2021
CareerExplorer(2012, Vancouver)
Web-based career guidance software for candidates
Penn Foster
22 Mar 2021
7D Surgical(2009, Toronto, $0.6M)
Image Guidance System for Spine Surgery
SeaSpine
22 Mar 2021
Beanworks(2012, Vancouver, $14.8M)
Accounts Payable automation software provider
Quadient $83.1M
22 Mar 2021
Picreel(2013, Toronto, $0.1M)
Visitor tracking and engagement technology
ProProfs
23 Mar 2021
Moka(2017, Montreal, $14.0M)
Micro-savings & investment platform
Mogo.ca
25 Mar 2021
S3 Enterprises(1966, Swift Current)
Online platform offering farm equipment
Forage Capital Partners
25 Mar 2021
ZeroSpam(2003, Montreal)
Cloud based email filtering & anti-spam solution
Hornetsecurity
25 Mar 2021
ReCollect(2009, Vancouver)
Software products for waste generators, haulers & local
authorities
Routeware
26 Mar 2021
Symbi Medical(2018, Ottawa, $0.0M)
Provider of remote patient education software solutions for
endoscopic clinicals
Blue Charm Adherence

Acquisitions (3/3)
23
26 Mar 2021
Kosan Travel(2017, Toronto)
Internet-first brand of apparels and accessories for travellers
RYU Apparel $4.0M
26 Mar 2021
Medusa Medical(1996, Halifax, $3.5M)
Analytics suite for paramedics
Emergency Reporting
29 Mar 2021
PINMO(2017, Vancouver)
Influencer marketplace provider
requiti.com $10.3M
29 Mar 2021
Crank Software(2007, Ottawa)
Provider of platform for GUI design and development
AMETEK
30 Mar 2021
Spend(1995, Toronto)
App-based multi-currency digital wallet
Swipe
30 Mar 2021
Anow(2014, Red Deer)
Cloud-based appraisal software for residential and commercial
properties
voxtur.com
30 Mar 2021
Power2Motivate(1989, Markham)
Customer, channel loyalty & employee engagement solutions
CarltonOne
30 Mar 2021
Unsplash(2013, Montreal, $15.8M)
Online platform for royalty-free stock photos
Getty Images
31 Mar 2021
CBDV(2018, Vancouver)
Provider of solutions to the cannabis industry
Delic Corp
31 Mar 2021
Dynamic Risk(1996, Calgary)
Risk management solutions provider for the energy industry
Eddyfi NDT

Recent News (1/2)
Recent News in Canada Tech in March 2021
Canada Tech:News
24
Exit News
.
● Lighstspeed POS to acquire Vend Finextra
.
● Payfare Files Final Prospectus And Announces Initial Public Offering Pricing CNW
.
● RYU Apparel plans to acquire Vancouver-based Kosan Travel Apparel
FashionUnited
.
● Mogo To Acquire Moka In $64 Million Deal As It Looks To Launch Free Stock
TradingBetaKit
.
● Dialogue Health Technologies Inc. Announces Pricing Of Initial Public Offering
CNW
.
● Predictmedix adds revenue generating company to portfolio with acquisition
of Symp2Pass Proactive Investors
.
● GameSquare Esports Inc. Closes the Acquisition of Reciprocity Corp. as the
Company Builds a Leading Internatio... Calgary Herald
.
● Plurilock to expand behavioral biometrics cybersecurity reach with Aurora
Systems acquisition BiometricUpdate.com
.
People News
● Theratechnologies Announces Two Strategic Hires to Support its Commercial
and Pipeline Assets GlobeNewswire
.
● BELLUS Health Appoints William Mezzanotte, MD, MPH to its Board of
Directors Investing News
.
● Nulogy Appoints Supply Chain Industry Veteran Hank Canitz as Vice President,
Industry Solutions CNW
.
● RYU Apparel appoints new COO, unveils growth strategy Fashion Network
.
● Benevity Welcomes New Chief Data Officer Data & analytics leader Jane
Moran will bolster insights capabilities... Calgary Herald
.
Company News
.
● Revive Therapeutics Provides Update on FDA Phase 3 Clinical Trial for
Bucillamine in COVID-19 Calgary Herald
.
● Perimeter Medical Imaging AI Announces U.S. FDA 510 Clearance for OCT
Imaging System Investing News

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