Tracxn - Geo Monthly Report - Canada Tech - Feb 2022

TRACXN MONTHLY REPORT
FEBRUARY 2022
CANADA TECH

Canada Tech - February 2022 Copyright © 2022, Tracxn Technologies 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 19
Acquisitions 20
Recent News 22

Canada Tech Snapshot – February 2022
Canada Tech: Snapshot – February 2022
Note : "Investors" refers to "Institutional Investors" only
3
$1.3B
26 2
Overall Geo Stats
20
15
142
39
56
Funding Rounds $ Invested Analyst Picks
Busbud Upgraded
to SOONICORN
New Investors
SoftBank
Hoopp
Series A+ rounds Active Investors IPOs
Vegano Foods
MyndTec
Acquisitions
PolyFerm Canada
Stinson ITS
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Toronto
(19 Rounds, $494M)
Montreal
(10 Rounds, $346M)
Vancouver
(6 Rounds, $162M)
Quebec City
(3 Rounds, $123M)
$270M - Series D
Paper (2014, Montreal, $390M)
$165M - Series D
KOHO (2014, Toronto, $264M)
$125M - Series B
Cohere (2019, Toronto, $170M)
$116M - Series D
LeddarTech (2007, Quebec City, $256M)
BDC
(9 Investments)
Invest Quebec
(3 Investments)
Real Ventures
(2 Investments)
Y Combinator
(2 Investments)
K-12 EdTech
Paper
ERP
HRTech
League
Banking Tech
KOHO
Market Size
Companies Covered 29,588
Funded Companies 6,011
Total Funding $43.0B
Funding in last 12 months $12.7B
Top Exits
IPOs 471
Acquisitions 1,616
Company Stage
Unicorns 17
Soonicorns 136
Minicorns 418
Editor Picks 2,421
Series A+ 1,314
Series C+ 305
Acqui-Hires 11
Deadpooled 2,425
Top Cities
Toronto (1,822 Rounds, $13.0B)
Vancouver (903 Rounds, $7.2B)
Top Investors
BDC (301 Investments)
Creative Destruction Lab (173
Investments)

Investment Snapshot
Investment Snapshot of Canada Tech as of February 2022
Canada Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2022)*
Paper
(2014, Montreal, $390M)
$270M - Series D Sapphire Ventures
KOHO
(2014, Toronto, $264M)
$165M - Series D Eldridge
Cohere
(2019, Toronto, $170M)
$125M - Series B Tiger Global Management
LeddarTech
(2007, Quebec City, $256M)
$116M - Series D FS Investors
League
(2014, Toronto, $242M)
$95.0M - Series C TDM Growth Partners
7shifts
(2011, Regina, $122M)
$80.0M - Series C
Enlightened Hospitality
Investments
Ekona
(2017, Vancouver, $64.4M)
$62.1M - Series A TransAlta
Elastic Path Software
(2000, Vancouver, $120M)
$60.0M - Series C BlackRock
Congruence Therapeutics
(2021, Montreal, $50.0M)
$50.0M - Series A Amplitude
Convictional
(2017, Toronto, $49.1M)
$40.0M - Series B Y Combinator
Avanti
(1980, Calgary, $25.0M)
$25.0M - Series B Round13
*Shows only the lead Investors

List of Funding Rounds (1/7)
List of Funding Rounds in Canada Tech in February 2022
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
$11.0M - Series C
Busbud (2011, Montreal, $46.0M)
App-based platform for booking bus tickets
WIND Ventures, Canadian Business Growth Fund, K3
Ventures, Export Development Canada
LATE STAGE
$60.0M - Series C
Elastic Path Software (2000, Vancouver, $120.0M)
API-based enterprise commerce software and content
management platform
Sageview Capital, BlackRock
LATE STAGE
$80.0M - Series C
7shifts (2011, Regina, $122.2M)
Provide of online employee scheduling software for
restaurants
SoftBank Vision Fund, Ten Coves Capital, Enlightened
Hospitality Investments
LATE STAGE
$95.0M - Series C
League (2014, Toronto, $242.0M)
Provider of SaaS based digital platform to manage
employee health benefits
TDM Growth Partners, OMERS Ventures, TELUS
Ventures, Royal Bank of Canada, Power Corporation of
Canada, and 4 more
LATE STAGE
$116.0M - Series D
LeddarTech (2007, Quebec City, $255.5M)
Provider of LiDAR-based sensors and perception
solutions for automotive
FS Investors, UI Investissement, Cowen, Desjardins,
Export Development Canada, and 5 more
LATE STAGE
$165.0M - Series D
KOHO (2014, Toronto, $263.5M)
Internet-first bank for individuals
Eldridge, Hoopp, Round13, TTV Capital, Portage
Ventures, and 2 more
LATE STAGE
$270.0M - Series D
Paper (2014, Montreal, $390.1M)
Provider of educational support system for educational
institutes
Sapphire Ventures, SoftBank, Reach Capital, IVP, Red
House Education, and 4 more
LATE STAGE
PE
New Directions Aromatics (1997, Mississauga)
E-distributor offering beauty products
TruArc Partners

6
EARLY STAGE
$6.3M - Series A
Alongside (2014, Moncton, $7.9M)
Recruitment solution for organziations
500 Global
EARLY STAGE
$7.3M - Series A
Ruby (2011, Victoria, $7.3M)
Blockchain-based cross-chain cryptographic
infrastructure for data monetization
DFG, Signum Capital, D1 Ventures, DWeb3, Maverick
EARLY STAGE
$7.7M - Series A
TerraZero Technologies (2021, Vancouver, $7.7M)
Provider of software development services
BIGG Digital Assets
EARLY STAGE
$12.0M - Series A
Operto (2005, Vancouver, $15.7M)
Provider of cloud-based property automation and
access control solutions
FUSE, Watchfire Ventures, BlackPines Capital
EARLY STAGE
$12.3M - Series A
Flashfood (2016, Toronto, $13.8M)
Online marketplace to buy and sell excess food
S2G Ventures, ArcTern Ventures, Food Retail Ventures,
General Catalyst Partners, Rob Gierkink, and 1 more
EARLY STAGE
$13.2M - Series A
ClearEstate (2020, Montreal, $21.0M)
Platform offering estate planning services for funerals
homes
OMERS Ventures, Diagram Ventures, Triangle Capital,
Torstar, National Bank of Canada
EARLY STAGE
$13.8M - Series A
ODAIA (2018, Toronto, $19.4M)
Provider of an end-to-end customer engagement data
analytics platform
Flint Capital, Panache Ventures, MaRS Investment
Accelerator Fund, GRAPHITEVENTURES INC, StandUp
EARLY STAGE
$15.8M - Series A
RideCo (2012, Waterloo, $15.9M)
Provider of micro-transit management services
Eclipse
EARLY STAGE
$20.0M - Series B
Andion Global (2019, Vancouver, $20.0M)
Provider of waste to energy generation and
wastewater treatment solution
Spring Lane Capital, Equitix, BDC

7
EARLY STAGE
$20.0M - Series B
Newton (2018, Toronto, $20.0M)
Cryptocurrency exchange platform
DV Chain, Anthony Pompliano, Tiny Capital, ,
Snowdevil, and 1 more
EARLY STAGE
$21.6M - Series B
Dozr (2015, Guelph, $44.0M)
Online rental platform offering heavy machinery for
enterprise
Builders VC, BDC, BaseCamp Equity
EARLY STAGE
$25.0M - Series B
Avanti (1980, Calgary, $25.0M)
Human Capital Management for Canadian Companies
Round13
EARLY STAGE
$40.0M - Series B
Convictional (2017, Toronto, $49.1M)
B2B e-commerce platform for multi-channel selling
Y Combinator, FundersClub, Lachy Groom, Claire
Johnson, Scott Belsky, and 2 more
EARLY STAGE
$50.0M - Series A
Congruence Therapeutics (2021, Montreal,
$50.0M)
Developer of therapeutics for the treatment of rare
diseases
Amplitude, Fonds de solidarite FTQ, Orbimed, Lumira
Ventures, Invest Quebec, and 1 more
EARLY STAGE
$62.1M - Series A
Ekona (2017, Vancouver, $64.4M)
Producer of hydrogen for industrial applications
Baker Hughes, Severstal, Continental Resources,
ConocoPhillips, Mitsui & Co, and 3 more
EARLY STAGE
$125.0M - Series B
Cohere (2019, Toronto, $170.0M)
Provider of an NLP-based platform to classify and
custom language generation models
Tiger Global Management, Index Ventures, Section 32,
Radical Ventures
EARLY STAGE
Series A
Sollum Technologies (2015, Montreal, $12.0M)
Provider of lighting solutions for the agriculture
industry
Fondaction
EARLY STAGE
Series A
Lexop (2013, Montreal, $1.8M)
Cloud-based debt collection solution for banks,
lenders, and financial institutions
Companyon Ventures

8
SEED STAGE
$22.1K - Seed
JustMOVE (2019, Montreal, $22.1K)
App offering rewards for fitness activities
SEED STAGE
$50.0K - Seed
BookSeats.com (1999, Toronto, $50.0K)
Online personalized holiday packages booking platform
Comcast SportsTech
SEED STAGE
$125.0K - Seed
Passiv (2017, Fredericton, $125.0K)
Portfolio management solution for individuals
Y Combinator
SEED STAGE
$235.5K - Seed
Couply (2019, Toronto, $235.5K)
App-based platform offering relationship management
solutions
Ivan Yuen, Neel Lukka, Mike Sousa, Swish Goswami,
Kathy Huynh, and 1 more
SEED STAGE
$313.9K - Seed
Village Wellth (2020, Calgary, $313.9K)
Online marketplace platform to sell business
ownership
SEED STAGE
$465.6K - Seed
Blackspark (2011, Toronto, $1.9M)
Cloud-based tax preparation and management
solutions for businesses
SEED STAGE
$500.0K - Seed
Masterpiece Studio (2017, Ottawa, $500.0K)
VR platform for content creation
Cemtrex
SEED STAGE
$1.0M - Seed
e-State Planner (2017, Toronto, $1.0M)
Cloud based platform offering estate planning
management software
Jamie McDonald, Jamie Shulman, Mark Harris, Owen
Duckman
SEED STAGE
$1.1M - Seed
Cubbi (2019, Saskatoon, $1.1M)
Developer of workplace fridges for food storage
Conexus Credit Union, Jim Newton, Malcolm Leggett,
Jerry Grandey

9
SEED STAGE
$1.1M - Seed
Saguaro (2020, Quebec City, $1.1M)
Developer of 3D cell culture products for drug
discovery
Frederic Ors
SEED STAGE
$1.6M - Seed
Stamped (2017, Sainte-foy, $2.5M)
Cloud-based accounting and audit management
solutions for small & medium businesses
Telegraph Hill Capital, I2BF Global Ventures, Mucker
SEED STAGE
$1.8M - Seed
Reveri (2004, Toronto, $1.8M)
Provider of a mobile application for mental health
management
InReach Ventures, Background Capital, Bobby Lo, Joe
Greenstein, Andrew Artz, and 2 more
SEED STAGE
$2.0M - Seed
Bopper (2020, Montreal, $2.0M)
Internet first music store for advertisements
SEED STAGE
$2.9M - Seed
Ferme d'hiver (2018, Brossard, $4.2M)
Grower of fruits and vegetables using AI-based vertical
farming solutions
SDTC
SEED STAGE
$3.6M - Seed
EPOCH (2016, Kitchener, $3.6M)
Cloud-based platform for employee engagement
Rally Ventures, MXV Ventures, Precursor Ventures,
Maschmeyer Group Ventures, Turner Novak
SEED STAGE
$4.0M - Seed
Curv Health (2017, Halifax, $6.5M)
Provider of AI-based diagnostic tool for measuring
physical activity and health data
Build Ventures, iGan Partners, Newfund, Kale
Investment Fund, Globalive Capital
SEED STAGE
$5.1M - Seed
Micruity (2017, Toronto, $5.1M)
Online retirement solutions provider
SixThirty, Altara Ventures, Great North Ventures,
Western & Southern Financial Group, Pacific Life, and 3
more
SEED STAGE
$5.7M - Seed
Prehos (2013, Quebec City, $7.4M)
AI-based care management system for healthcare
Invest Quebec, Dessercom, Desjardins

10
SEED STAGE
$6.0M - Seed
VendorPM (2019, Toronto, $6.0M)
SaaS-driven vendor bids management software for
homeowners
Bessemer Venture Partners
SEED STAGE
$7.5M - Seed
Nord Quantique (2020, Sherbrooke, $7.5M)
Manufacturer of superconducting qubits
BDC, Quantonation, Real Ventures
SEED STAGE
$8.7M - Seed
Feroot (2017, Toronto, $11.2M)
Provider of cloud based web application security
solutions
True Ventures
SEED STAGE
Seed
Niricson Software (2019, Victoria, $270.0K)
Cloud-based predictive analytics platform for
infrastructure asset management
Bentley iTwin Ventures
SEED STAGE
Seed
RAYL (2002, Vancouver)
Payment processing solutions for businesses and
merchants
SEED STAGE
Seed
Oak Hill Bio (2021, Toronto)
Developer of therapeutics to treat rare autoimmune
diseases
Takeda
SEED STAGE
Seed
Sterling Capital Brokers (2012, Toronto)
Online benefit administration platform for employees
True Wind Capital
SEED STAGE
Seed
Kinetic (2008, Toronto, $9.4M)
Cloud-based omnichannel software solutions for
retailers
Eventi Capital Partners
SEED STAGE
Seed
GOODEE (2018, Montreal, $3.5M)
Online marketplace offering multi-category home-
improvement products
BKR Capital

11
SEED STAGE
Seed
Apocalypse (2018, Niagara Falls)
Developer of PC and console-based games
Tyr Ventures
SEED STAGE
Seed
Jewlr (2009, Toronto)
Online jewelry retailer offering users customized
designs
Kensington Capital Partners
SEED STAGE
Seed
infinityQ (2019, Montreal)
Manufacturer of quantum computing chips
Hevella Beteiligungen, IGlobe Partners, Westcott, Cato
Stonex, Louis Vachon

New Investors (1/2)
List of New Investors in Canada Tech in February 2022
Canada Tech: List of New Investors
12
Investor Company Info Round Amount Round Name
SoftBank
58 portfolio companies | Fund of funds focused on multiple sectors
Paper
Provider of educational support system for educational institutes
$270M Series D
Hoopp
14 portfolio companies | Pension plan for Ontario’s healthcare workers
KOHO
Internet-first bank for individuals
$165M Series D
D1 Ventures
21 portfolio companies | Limited information available
Ruby
Blockchain-based cross-chain cryptographic infrastructure for data
monetization
$7.30M Series A
Equitix
1 portfolio companies | Infrastructure fund focused on acquiring infrastructure
assets
Andion Global
Provider of waste to energy generation and wastewater treatment
solution
$20.00M Series B
Triangle Capital
1 portfolio companies | Middle-market focused investment bank
ClearEstate
Platform offering estate planning services for funerals homes
$13.25M Series A
TransAlta
1 portfolio companies | Power Generator
Ekona
$62.06M Series A
Companyon Ventures
15 portfolio companies | Early-stage venture capital firm
Lexop
Cloud-based debt collection solution for banks, lenders, and financial
institutions
Undisclosed Series A
Maverick Ventures
120 portfolio companies | Early-stage centric Tech & Life-Sciences focused VC
Firm funding companies in the US
Ruby
monetization
$7.30M Series A
TruArc Partners
1 portfolio companies | Private equity fund focused on middle-market
companies
New Directions Aromatics
Undisclosed PE
Flint Capital
59 portfolio companies | Tech-focused venture capital firm investing in
geographies such as the US, Israel and Europe
ODAIA
Provider of an end-to-end customer engagement data analytics
platform
$13.79M Series A

New Investors (2/2)
List of New Investors in Canada Tech in February 2022
Canada Tech: List of New Investors
13
Investor Company Info Round Amount Round Name
International Coin Analysis
1 portfolio companies | Provider of financial news portal services
Ruby
monetization
$7.30M Series A
Ocean Basis
1 portfolio companies | Venture capital firm focused on web 3 encryption
solution
Ruby
monetization
$7.30M Series A
Bentley iTwin Ventures
3 portfolio companies | Venture capital firm investing in software startups
Niricson Software
Cloud-based predictive analytics platform for infrastructure asset
management
Undisclosed Seed
ConocoPhillips
12 portfolio companies | Integrated energy services company
Ekona
$62.06M Series A
Food Retail Ventures
5 portfolio companies | Venture capital fund focused on food & retail tech
startups
Flashfood
$12.30M Series A
Driehaus
17 portfolio companies | Fund investment management firm
Congruence Therapeutics
Developer of therapeutics for the treatment of rare diseases
$50.00M Series A
Western & Southern Financial Group
5 portfolio companies | Life insurance company
Micruity
Online retirement solutions provider
$5.10M Seed
Eventi Capital Partners
4 portfolio companies | Stage-agnostic life sciences and tech focused VC firm
funding companies in Canada and the US
Kinetic
Cloud-based omnichannel software solutions for retailers
Undisclosed Seed
True Wind Capital
5 portfolio companies | Venture capital firm focused on tech startups
Sterling Capital Brokers
Online benefit administration platform for employees
Undisclosed Seed
BitRock Capital
5 portfolio companies | Venture capital firm investing in the fintech sector
Snaplii
Online digital wallet and payment solutions for individuals and
merchants
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 PC and Console Core NFT Game Developers $585M 4 Dapper Labs | $305M | Series C
2 -- Datacenter Colocation $488M 1 eStruxture | $488M | Series B
3 -- Identity Verification $394M 1 Trulioo | $394M | Series D
4 -- KYC for Financial Institutions $394M 1 Trulioo | $394M | Series D
5 -- ERP for Schools $373M 3 Paper | $270M | Series D
6 -- Tutoring Platforms for Schools $370M 2 Paper | $270M | Series D
7 -- Internet First Revenue Based Financing $315M 2 Clearco | $215M | Series D
8 -- Workforce Scheduling Software $306M 4 When I Work | $200M | Series C
9 ▼-1 Drugs for Multiple Cancer Types $296M 5 Virogin Biotech | $120M | Series D
10 -- Compressed Air Energy Storage Systems $258M 2 Hydrostor | $250M | Series D

New Analyst Picks (1/4)
Interesting Companies identified by Analysts in Canada Tech in February 2022
Canada Tech: Analyst Picks
15
Upgraded to SOONICORN
Busbud (2011, Montreal, $9.0M, Series A)
App-based platform for booking bus tickets
WIND Ventures, Canadian Business Growth Fund,
Export Development Canada and 14 other Investors
Convictional (2017, Toronto, $150K, Seed)
B2B e-commerce platform for multi-channel selling
Y Combinator, FundersClub, Lachy Groom and 14 other
Investors
Dozr (2015, Guelph, $1.9M, Seed)
Online rental platform offering heavy machinery for
enterprise
Builders VC, BDC, BaseCamp Equity and 5 other
Investors
Congruence Therapeutics (2021, Montreal,
$50.0M, Series A)
Developer of therapeutics for the treatment of rare
diseases
Amplitude, Fonds de solidarite FTQ, Lumira Ventures
and 3 other Investors
Cohere (2019, Toronto, $40.0M, Series A)
Provider of an NLP-based platform to classify and
custom language generation models
Tiger Global Management, Radical Ventures, Index
Ventures and 6 other Investors
Ekona (2017, Vancouver, $2.3M, Seed)
TransAlta, Baker Hughes, Mitsui & Co and 6 other
Investors
Upgraded to MINICORN
Flashfood (2016, Toronto, Undisclosed, Seed)
S2G Ventures, ArcTern Ventures, General Catalyst
Partners and 10 other Investors
RideCo (2012, Waterloo, $125K, Seed)
Provider of micro-transit management services
Eclipse,and
Operto (2005, Vancouver, $12.0M, Series A)
Provider of cloud-based property automation and
access control solutions
Watchfire Ventures, BlackPines Capital, FUSE and 1
other Investors
Newton (2018, Toronto, $20.0M, Series B)
Cryptocurrency exchange platform
DV Chain, CI Financial, Anthony Pompliano and 3 other
Investors

16
ClearEstate (2020, Montreal, $2.0M, Seed)
Platform offering estate planning services for funerals
homes
OMERS Ventures, Torstar, National Bank of Canada and
4 other Investors
Andion Global (2019, Vancouver, $20.0M, Series B)
Provider of waste to energy generation and
wastewater treatment solution
Spring Lane Capital, Equitix, BDC and 2 other Investors
EPOCH (2016, Kitchener, $30.0K, Seed)
Cloud-based platform for employee engagement
Rally Ventures, Precursor Ventures, Maschmeyer
Group Ventures and 5 other Investors
Added to Editor's Pick
Stamped (2017, Sainte-foy, $1.6M, Seed)
Cloud-based accounting and audit management
solutions for small & medium businesses
Telegraph Hill Capital, Mucker, I2BF Global Ventures
and 7 other Investors
Prehos (2013, Quebec City, $5.7M, Seed)
AI-based care management system for healthcare
Invest Quebec,Desjardins,Dessercomand
PainWorth (2019, Edmonton, $1.7M, Seed)
Cloud based platform offering dispute resolution
solutions
2048 Ventures, Panache Ventures, Mistral and 1 other
Investors
Passiv (2017, Fredericton, $125K, Seed)
Portfolio management solution for individuals
Y Combinator,Propeland
Trellis (2019, Ottawa, $1.5M, Seed)
Provider of Amazon sponsored ads management
software
Sentiero,Invest Ottawaand
Apocalypse (2018, Niagara Falls, Undisclosed, Seed)
Developer of PC and console-based games
Tyr Ventures,Goldfingrand
New Directions Aromatics (1997, Mississauga,
Undisclosed, PE)
TruArc Partnersand
Bopper (2020, Montreal, $2.0M, Seed)
Internet first music store for advertisements
FICCand

17
MintList (2020, Vancouver, $2.2M, Seed)
Online used car dealer
StandUp Ventures,Nicola Wealth,WUTIF Capitaland
BoringDAO (2020, Victoria, $1.5M, Seed)
Cross-chain cryptocurrency platform to connect all
blockchain-related assets
AsianInvestor, Youbi Capital, HashKey Capital and 4
other Investors
dealcloser (2017, Edmonton, $1.8M, Seed)
Cloud-based digital transaction management solution
provider
Bryce Catalystand
Vodra (2020, Montreal, $1.3M, Seed)
Online platform that allows content creators to
monetize their content
Twin Apex, Transform VC, CCIX Global and 7 other
Investors
Assima (2002, Montreal, Undisclosed, Seed)
Cloud based platform offering digital experience
management solutions
XAngeand
Paperstack (2021, Toronto, Undisclosed, Seed)
Working capital & financial insights for e-commerce
sellers
ELL Technologies (2010, Toronto, Unfunded)
Provider of AI and app-based language learning
solutions for schools to teach students
Sinitic (2017, Kitchener, Undisclosed, Seed)
A platform for building AI chatbots featuring a
proprietary NLP engine
T-Hub,GCI Venturesand
Axelar Network (2022, Toronto, Unfunded)
Blockchain network provider
Tveon (2009, Kelowna, $653K, Series A)
Real-time video compression solutions provider
frenter (2020, Halifax, Unfunded)
SaaS-driven rental management solution for property
owners & managers
Connetic Venturesand
Polyga (2017, Burnaby, Unfunded)
Manufacturer of multi-purpose 3D scanners

18
Illumisonics (2014, Waterloo, Unfunded)
Developer of photoacoustic remote sensing
microscopy solutions for tissue imaging
Uncoil (2017, Kelowna, Unfunded)
Provider of intelligent solution for eCommerce
businesses
Atrium Venturesand
eJet Aerospace (2005, Montreal, Unfunded)
Manufacturer of a cold air propulsion e-VTOL aircraft
Cognito Capitaland
Abby (2020, Etobicoke, Unfunded)
Internet first brand offering wearable location tracking
devices
La Femme Roje (2013, Vancouver, Unfunded)
Internet first brand offering multi-category fashion
products for women
TalkiHero (2021, Montreal, Unfunded)
Provider of online language learning solutions

IPO Date Company IPO Mcap Exchange Ticker
15 Feb 2022
Vegano Foods (2020, Vancouver, $6.0M)
Platform offering plant-based meal kit delivery services
$ CSE:VAGN
24 Feb 2022
MyndTec (2008, Mississauga, $3.2M)
Functional electrical stimulation
$0.0B CSE:MYTC
IPOs
List of IPOs in Canada Tech in February 2022
Canada Tech: IPOs
19

Acquisitions (1/2)
List of Acquisitions in Canada Tech in February 2022
Canada Tech: Acquisitions
20
Acq. Date Company Acquirer Deal Size
01 Feb 2022
PolyFerm Canada(1999, Kingston)
Developer of renewable biodegradable polymers
TerraVerdae
02 Feb 2022
Stinson ITS(2017, Concord)
Provider of intelligent transportation systems
Ramudden
02 Feb 2022
Pastel(2017, Toronto)
Feedback tool for web designers
Whatnot
08 Feb 2022
ModoHR(2019, Coquitlam)
Employee background checking platform
Checkr
08 Feb 2022
Vigil(1998, Victoria)
Develops, markets, and distributes hardware and software
solutions for emergency response and resident monitoring
Assa Abloy
08 Feb 2022
AppArmor(2011, Toronto)
White label safety app provider
Rave Mobile Safety
10 Feb 2022
Little Angel(2015, Saint-laurent)
Online platform providing learning content for kids
CoComelon
11 Feb 2022
Financeit(2011, Toronto, $39.7M)
Point-of-sale consumer financing solution
Wafra Capital Partners
11 Feb 2022
Mindscope(2000, Toronto)
Cloud-based recruitment management software for staffing
agencies
Univerus
17 Feb 2022
Tulip Health(2020, Toronto)
Provider of teleconsultation services with doctors
Vector Health

Acquisitions (2/2)
List of Acquisitions in Canada Tech in February 2022
Canada Tech: Acquisitions
21
Acq. Date Company Acquirer Deal Size
21 Feb 2022
ELearningU(2007, Vancouver)
Provider of online learning solutions for tourism professionals
jellymarketing.ca
22 Feb 2022
Inflexion(2021, Edmonton)
Developer of fantasy game for PC and console
Tencent
22 Feb 2022
Mama Earth(2007, Toronto)
Online platform for organic and artisan products
Fresh City Farms
25 Feb 2022
Next Green Wave(2017, Vancouver, $0.6M)
Manufacturer and supplier of medical cannabis products
Planet 13 Holdings
25 Feb 2022
Traction on Demand(2011, Burnaby)
Suite of productivity tools for Salesforce CRM
Salesforce

Recent News (1/2)
Recent News in Canada Tech in February 2022
Canada Tech:News
22
Exit News
.
● Bic: Acquisition Of Inkbox, The Reference Brand For Semi-permanent Tattoos
GlobeNewswire
.
● Trulioo Announces Acquisition of Custom Workflow Specialist FindBiometrics
.
● TeraGo sells cloud, colocation business lines to Hut 8 for CAD 30 mln
Telecompaper
.
● Quantum Computing Firm D-Wave Goes Public in $1.6bn Deal HostingJournalist
.
● PointClickCare Acquire Audacious Inquiry, Care Coordination Platform HIT
Consultant
.
● US firm buys Kent screening specialist Insider Media
.
● TerraVerdae Bioworks to acquire PolyFerm Canada GlobeNewswire
.
● Hopper continues acquisition spree with Parisian airline travel tech SMOOSS
BetaKit
.
People News
.
● Lightspeed President Jp Chauvet Appointed Chief Executive Officer Financial IT
● Canadian Tire chairman Sabia to retire after May 12 AGM Stockwatch
.
● Modern Campus Accelerating Growth with Chief People Officer PRWeb
.
● Thinkific continues to strengthen its Board of Directors PR Newswire
.
● Former Bench CEO Ian Crosby joins Shopify Balance as product BetaKit
.
● ImagineAR (OTCQB: IPNFF) Announces Change of Directors PR Newswire
.
Company News
.
● MindMed gets FDA OK to start trial for pharmacological LSD in anxiety
disorderSeeking Alpha
.
● MediPharm Labs Enters United States Pharmaceutical Market with Submission
of FDA DMF CNW
.
● Bucillamine In COVID-19 Phase 3 Clinical Trial Update infomeddnews.com
.
● MYND Diagnostics Inc. Announces Participation in Approved Monash
University (Australia) Government Funded $3 M... CNW

Recent News (2/2)
Recent News in Canada Tech in February 2022
Canada Tech:News
23
Regulatory News
.
● Regulator investigation into door and window manufacturer acquisition
TheBusinessDesk.com

Explore more on Tracxn
Explore more about Canada Tech on Tracxn Platform
Canada Tech: Explore more on Tracxn Platform
24
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Canada
AI Companies in Canada
Fintech Companies Canada
Consumer Digital in Canada
Company Due Diligence
Detailed profile of Wealthsimple
Competitors of Dapper Labs
Cap Tables of Hopper
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com

Tracxn - Geo Monthly Report - Canada Tech - Feb 2022

Recommended

Recommended

More Related Content

Similar to Tracxn - Geo Monthly Report - Canada Tech - Feb 2022

Similar to Tracxn - Geo Monthly Report - Canada Tech - Feb 2022 (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - Geo Monthly Report - Canada Tech - Feb 2022