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TRACXN MONTHLY REPORT
SEPTEMBER 2021
CANADA TECH
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
2
Canada Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 11
Top Funded Business Models - last 1 year 13
New Analyst Picks 14
IPOs 17
Acquisitions 18
Recent News 20
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Canada Tech Snapshot – September 2021
Canada Tech: Snapshot – September 2021
Note : "Investors" refers to "Institutional Investors" only
3
$855M
23 2
Overall Geo Stats
20
19
109
25
50
Funding Rounds $ Invested Analyst Picks
Nobul Upgraded to
SOONICORN
New Investors
Dispatch Ventures
Bond Capital
Series A+ rounds Active Investors IPOs
CubicFarms
VitalHub
Acquisitions
Verse Cannabis#@
Sortable#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Toronto
(19 Rounds, $127M)
Vancouver
(7 Rounds, $487M)
Montreal
(5 Rounds, $63.7M)
Calgary
(3 Rounds, $56.7M)
$250M - Series C
Dapper Labs (2018, Vancouver, $857M)
$120M - Series D
Virogin Biotech (2015, Vancouver, $262M)
$100M - Series C
Semios (2010, Vancouver, $225M)
$65M - Series B
Rewind (2015, Ottawa, $79.9M)
Y Combinator
(13 Investments)
BDC
(2 Investments)
Insight Partners
(2 Investments)
Canaccord Genuity Group
(2 Investments)
PC & Console Gaming
Dapper Labs
Oncology
Virogin Biotech
Crop Tech
Semios
IT Operations
Rewind
Market Size
Companies Covered 26,587
Funded Companies 5,588
Total Funding $39.7B
Funding in last 12 months $12.5B
Top Exits
IPOs 443
Acquisitions 1,473
Company Stage
Unicorns 18
Soonicorns 115
Minicorns 390
Editor Picks 2,228
Series A+ 1,237
Series C+ 287
Acqui-Hires 12
Deadpooled 2,238
Top Cities
Toronto (1,702 Rounds, $11.3B)
Vancouver (844 Rounds, $6.7B)
Top Investors
BDC (292 Investments)
MaRS Discovery District (167
Investments)
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Canada Tech as of September 2021
Canada Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (September 2021)*
Dapper Labs
(2018, Vancouver, $857M)
$250M - Series C Coatue
Virogin Biotech
(2015, Vancouver, $262M)
$120M - Series D Shenzhen Capital Group
Semios
(2010, Vancouver, $225M)
$100M - Series C Morningside Group
Rewind
(2015, Ottawa, $79.9M)
$65.0M - Series B Insight Partners
Neo Financial
(2018, Calgary, $90.0M)
$50.5M - Series B Valar Ventures
Redwood Materials
(2017, Montreal, $792M)
$50.0M - Series C Ford
Nobul
(2017, Toronto, $40.0M)
$40.0M - Series C
K2 & Associates Investment
Management
Irwin
(2018, Toronto, $21.5M)
$20.0M - Series A K1 Investment Management
AutoLeap
(2019, Toronto, $23.0M)
$18.0M - Series A Bain Capital Ventures
Fresh Prep
(2015, Vancouver, $27.8M)
$16.7M - Series B Yellow Point Equity Partners
Zuva
(2021, Toronto, $15.8M)
$15.8M - Series A Insight Partners
*Shows only the lead Investors
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/6)
List of Funding Rounds in Canada Tech in September 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
$40.0M - Series C
Nobul (2017, Toronto, $40.0M)
SaaS-driven networks for real estate agents and
professionals
K2 & Associates Investment Management, Canaccord
Genuity Group
LATE STAGE
$50.0M - Series C
Redwood Materials (2017, Montreal, $792.0M)
Provider of lithium ion batteries recycling solution
Ford
LATE STAGE
$100.0M - Series C
Semios (2010, Vancouver, $225.0M)
Data and intelligence for crop management
Morningside Group
LATE STAGE
$120.0M - Series D
Virogin Biotech (2015, Vancouver, $262.0M)
Developed of drugs for the treatment of cancer
Shenzhen Capital Group, CITIC, GF Securities, Panlin
Capital
LATE STAGE
$250.0M - Series C
Dapper Labs (2018, Vancouver, $856.6M)
Blockchain-based games developer
Coatue, GIC, GV, Version One Ventures, Andreessen
Horowitz, and 1 more
EARLY STAGE
$3.0M - Series A
Creative Layer (2012, Ottawa, $3.0M)
Provider of personalized print-on-demand solution for
online businesses
Celtic House Venture Partners, Tobi Lütke, Cody
Fauser, Adam McNamara
EARLY STAGE
$3.9M - Series A
Proposify (2012, Halifax, $13.0M)
Platform offering proposal management software
Canadian Business Growth Fund, Innovacorp
EARLY STAGE
$4.5M - Series A
INCA Renewtech (2020, Kelowna, $4.5M)
Provider of bio-composite materials
EARLY STAGE
$5.0M - Series A
Wise Publishing (2017, Toronto, $5.0M)
Online platform publishing content focusing on
personal finance
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/6)
List of Funding Rounds in Canada Tech in September 2021
Canada Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$6.0M - Series A
Crux OCM (2017, Calgary, $9.0M)
AI-based software solution to optimize pipeline
transmission activities for the oil and gas midstream
industry
Bullpen Capital, Root Ventures, Industry Ventures,
Angular Ventures, Golden Ventures, and 1 more
EARLY STAGE
$6.3M - Series A
Foxquilt (2016, Toronto, $11.1M)
Platform enabling formation of social groups to avail
insurance savings
Luge Capital, Extreme Venture Partners, AmTrust
Financial, Side Door Ventures
EARLY STAGE
$8.0M - Series A
RNA Diagnostics (2010, Toronto, $13.8M)
Developer of diagnostic assays for the detection of
cancer
BDC, iGan Partners
EARLY STAGE
$10.0M - Series A
Millions (2020, Ottawa, $10.0M)
Internet first brand offering multi-category sports
merchandise apparel
Volition Capital, Cody Fauser, Aydin Mirzaee
EARLY STAGE
$10.0M - Series A
Cyberboxx (2018, Toronto, $10.0M)
Online cyber insurance platform for small & medium
businesses
SixThirty, Cyber Mentor Fund, Zurich Insurance
EARLY STAGE
$10.7M - Series A
Social Asset Management (2013, Edmonton,
$15.8M)
Provider of brand asset management solutions
McRock Capital, Adventure Capital, HarbourVest
Partners, Export Development Canada
EARLY STAGE
$11.5M - Series A
AON 3D (2015, Montreal, $14.2M)
Manufacturer of industrial 3D printers based on
stereolithography technology
SineWave Ventures, Panache Ventures, Y Combinator,
AlleyCorp, BDC, and 3 more
EARLY STAGE
$15.8M - Series A
Zuva (2021, Toronto, $15.8M)
Cloud-based platform for document management
Insight Partners
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (3/6)
List of Funding Rounds in Canada Tech in September 2021
Canada Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
7
EARLY STAGE
$16.7M - Series B
Fresh Prep (2015, Vancouver, $27.8M)
Online platform to buy recipe box with pre-prepped
ingredients
Yellow Point Equity Partners, Renewal Funds
EARLY STAGE
$18.0M - Series A
AutoLeap (2019, Toronto, $23.0M)
SaaS-driven workshop management software for auto
workshops
Bain Capital Ventures, Threshold Ventures
EARLY STAGE
$20.0M - Series A
Irwin (2018, Toronto, $21.5M)
Investors relations software solutions
K1 Investment Management
EARLY STAGE
$50.5M - Series B
Neo Financial (2018, Calgary, $90.0M)
Digital bank for individuals
Valar Ventures, Breyer Capital, Greenoaks, Altos
Ventures Capital
EARLY STAGE
$65.0M - Series B
Rewind (2015, Ottawa, $79.9M)
Cloud based enterprise data backup management
software provider
Insight Partners, Ridge Ventures, Inovia Capital, Union
Ventures, Atlassian, and 3 more
EARLY STAGE
Series A
Wingcopter (2014, Vancouver, $22.3M)
Provider of a tiltrotor drone for multiple commercial
applications
Expa
SEED STAGE
$125.0K - Seed
Pactima (2020, Clarence-rockland, $125.0K)
Cloud-based platform for electronic signature
Y Combinator
SEED STAGE
$125.0K - Seed
Revolve Surgical (2019, Toronto, $125.0K)
Developer of surgical robots for the operating room
Y Combinator
SEED STAGE
$125.0K - Seed
Hypercontext (2010, Toronto, $125.0K)
Online performance management software for
enterprises
Y Combinator
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (4/6)
List of Funding Rounds in Canada Tech in September 2021
Canada Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
8
SEED STAGE
$125.0K - Seed
Sleek (2021, Toronto, $125.0K)
Online platform offering card based cashback on multi-
category products shopping
Y Combinator
SEED STAGE
$125.0K - Seed
Evidence (2021, Toronto, $125.0K)
Provider of reporting and dashboarding solutions
Y Combinator
SEED STAGE
$125.0K - Seed
Teamspace (2021, , $125.0K)
Cloud-based platform for virtual collaboration space
Y Combinator
SEED STAGE
$125.0K - Seed
Lemonade (2020, Toronto, $125.0K)
App-based wallet for international money transfer &
remittance services
Y Combinator
SEED STAGE
$125.0K - Seed
Secoda (2021, Toronto, $125.0K)
Cloud based data discovery and management solutions
provider
Y Combinator
SEED STAGE
$125.0K - Seed
Vinco (2020, , $125.0K)
Employee education benefits platform for companies
Y Combinator
SEED STAGE
$125.0K - Seed
Scispot (2019, Toronto, $125.0K)
Digital inventory management tool for laboratories and
clinics
Y Combinator
SEED STAGE
$125.0K - Seed
CostCertified (2016, Calgary, $125.0K)
SaaS-driven estimation software for the construction
industry
Y Combinator
SEED STAGE
$125.0K - Seed
Dime (2021, , $125.0K)
Online platform for website content management
Y Combinator
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (5/6)
List of Funding Rounds in Canada Tech in September 2021
Canada Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
9
SEED STAGE
$320.0K - Seed
Hookdeck (2020, Montreal, $320.0K)
Provider of tools for managing webhooks
Alex Plugaru, Romain Lapeyre, Chris Nguyen
SEED STAGE
$350.0K - Seed
Matdun (2019, Toronto, $350.0K)
Provider of AI-enabled video surveillance systems for
home security
SEED STAGE
$650.0K - Seed
Jitbase (2015, Montreal, $650.0K)
Software to capture, share and access knowledge
Bluesky Equities, LEESTA, Boreal
SEED STAGE
$800.0K - Seed
Libre DeFi (2020, Toronto, $800.0K)
Liquidity farming protocol for crypto and tokens
Marshland Capital, Moonrock Capital, CinchBlock, ,
Raptor Capital, and 1 more
SEED STAGE
$1.2M - Seed
Gallea (2016, Montreal, $1.2M)
Provider of SaaS-driven art gallery for artists & art
businesses
Telegraph Hill Capital, Anges Quebec, Manford, , ACET,
and 2 more
SEED STAGE
$1.5M - Seed
Battlesnake (2018, Victoria, $1.5M)
Game development solutions provider
Madrona Venture Group, ASCEND.VC, 200 OK
Ventures, Liquid 2 Ventures, Jason Warner, and 1 more
SEED STAGE
$2.0M - Seed
PhenoTips (2012, Toronto, $2.0M)
Cloud-based health record management platform for
hospitals & industries
GreenSky Capital, Toronto Innovation Acceleration
Partners, Thin Air Labs, Yorkville Partners
SEED STAGE
$3.1M - Seed
MedStack (2015, Waterloo, $5.5M)
Cloud based platform for the development of
healthcare apps
Blu Venture Investors, TELUS Ventures, Archangel
Network, York IE, Argonautic, and 1 more
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (6/6)
List of Funding Rounds in Canada Tech in September 2021
Canada Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
10
SEED STAGE
$3.1M - Seed
Private AI (2017, Gatineau, $3.5M)
AI-based software for data security
M12, , Shasta Ventures, Differential Ventures,
Hyperplane Venture Capital
SEED STAGE
$15.0M - Seed
QisstPay (2020, , $15.0M)
Provider of payment financing solution for shoppers
MSA, Fox Ventures, UBL Digital, Global Founders
Capital, First Check Ventures, and 4 more
SEED STAGE
Seed
InvestX (2013, Vancouver, $6.9M)
Cross-border private equity crowdfunding marketplace
Jefferies, Virtu, Canaccord Genuity Group
SEED STAGE
Seed
Riff (2020, , $10.0M)
App-based social platform for music enthusiasts
EMPI, ,
SEED STAGE
Seed
Fresh City Farms (2011, North York)
Online retailer for organic grocery products
TELUS, Good & Well, Dragonfly Ventures
SEED STAGE
Seed
Pixieset (2013, Vancouver)
Photo management platform for photographers
Susquehanna Growth Equity
SEED STAGE
Seed
Paperstack (2021, Toronto)
Tax filing and bookkeeping platform for freelancers,
contractors, and gig workers
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Canada Tech in September 2021
Canada Tech: List of New Investors
11
Investor Company Info Round Amount Round Name
Dispatch Ventures
1 portfolio companies | Venture capital firm focused on multiple sectors
Gallea
Provider of SaaS-driven art gallery for artists & art businesses
$1.19M Seed
Bond Capital
43 portfolio companies | venture capital firm focused on multiple sector
Dapper Labs
Blockchain-based games developer
$250M Series C
forumvc.com
1 portfolio companies |
Private AI
AI-based software for data security
$3.15M Seed
Jefferies
37 portfolio companies | M&A, corporate advisory, and diversified asset
management firm
InvestX
Cross-border private equity crowdfunding marketplace
Undisclosed Seed
vistaragrowth.com
2 portfolio companies |
D3 Security
Cloud-based full life cycle incident response and management solution
$10.00M Seed
UBL Digital
1 portfolio companies | Commercial bank
QisstPay
Provider of payment financing solution for shoppers
$15.00M Seed
Marshland Capital
2 portfolio companies | Venture capital firm focused on early-stage companies
Libre DeFi
Liquidity farming protocol for crypto and tokens
$800K Seed
Yellow Point Equity Partners
5 portfolio companies | PE firm investing in Canada & the US
Fresh Prep
Online platform to buy recipe box with pre-prepped ingredients
$16.68M Series B
Mana Ventures
9 portfolio companies | Venture capital firm investing in growth equity focused
tech companies
AON 3D
Manufacturer of industrial 3D printers based on stereolithography
technology
$11.50M Series A
Dragonfly Ventures
2 portfolio companies | Infrastructure funds & single family office investing in
multiple sectors
Fresh City Farms
Online retailer for organic grocery products
Undisclosed Seed
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Canada Tech in September 2021
Canada Tech: List of New Investors
12
Investor Company Info Round Amount Round Name
K1 Investment Management
33 portfolio companies | Private equity firm focused on buyouts
Irwin
Investors relations software solutions
$20.00M Series A
Manford
1 portfolio companies | Manford
Gallea
Provider of SaaS-driven art gallery for artists & art businesses
$1.19M Seed
Hyperplane Venture Capital
44 portfolio companies | VC firm investing in technology startups
Private AI
AI-based software for data security
$3.15M Seed
SixThirty
72 portfolio companies | Venture capital firm focused on multiple sectors
Cyberboxx
Online cyber insurance platform for small & medium businesses
$10.00M Series A
ACET
1 portfolio companies | Sector agnostic startup accelerator
Gallea
Provider of SaaS-driven art gallery for artists & art businesses
$1.19M Seed
Fox Ventures
4 portfolio companies | Venture capital firm focused on pre-seed to series A
investment in FinTech companies
QisstPay
Provider of payment financing solution for shoppers
$15.00M Seed
CinchBlock
5 portfolio companies | Provider of blockchain development services
Libre DeFi
Liquidity farming protocol for crypto and tokens
$800K Seed
Ford
24 portfolio companies | Automobile and commercial vehicle manufacturer
Redwood Materials
Provider of lithium ion batteries recycling solution
$50.00M Series C
txdxe.com
1 portfolio companies | Multi-Genre record label
Riff
App-based social platform for music enthusiasts
Undisclosed Seed
Boreal
1 portfolio companies | Venture capital firm focused on tech start-ups from pre-
seed up to Series A investments
Jitbase
Software to capture, share and access knowledge
$650K Seed
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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.
13
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲19 Tech Enabled Lithium Battery Recyclers $750M 2 Redwood Mater.. | $700M | Series C
2 -- Islamic FinTech > Investment Platforms > Robo Advisors $697M 2 Wealthsimple | $610M | Series F
3 -- Datacenter Colocation $488M 1 eStruxture | $488M | Series B
4 -- Identity Verification $394M 1 Trulioo | $394M | Series D
5 -- KYC for Financial Institutions $394M 1 Trulioo | $394M | Series D
6 -- Internet First Revenue Based Financing $315M 2 Clearco | $215M | Series D
7 ▼-3 Drugs for Multiple Cancer Types $310M 8 Virogin Biotech | $120M | Series D
8 ▲168 Financial Planning & Analysis Software $249M 2 Vena | $241M | Series C
9 -- Sales RFP Response Automation $200M 1 Loopio | $200M | Series B
10 -- Deep Learning Processing Units $200M 1 Tenstorrent | $200M | Series C
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/3)
Interesting Companies identified by Analysts in Canada Tech in September 2021
Canada Tech: Analyst Picks
14
Upgraded to SOONICORN
Nobul (2017, Toronto, $40.0M, Series C)
SaaS-driven networks for real estate agents and
professionals
Canaccord Genuity Group,K2 & Associates Investment
Managementand
Upgraded to MINICORN
Spineology (1997, St. Paul, $7.0M, Series B)
Developer of minimally invasive spinal surgery devices
Hermed Capital, Affinity Capital Management, Oak
Ridge Financial and 2 other Investors
Upgraded to MINICORN
Zuva (2021, Toronto, $15.8M, Series A)
Cloud-based platform for document management
Insight Partnersand
Upgraded to MINICORN
Millions (2020, Ottawa, $10.0M, Series A)
Internet first brand offering multi-category sports
merchandise apparel
Volition Capital,Cody Fauser,Aydin Mirzaeeand
Upgraded to MINICORN
QisstPay (2020, , $15.0M, Seed)
Provider of payment financing solution for shoppers
Global Founders Capital, UBL Digital, Ashley Davies and
7 other Investors
Upgraded to MINICORN
Wise Publishing (2017, Toronto, Undisclosed, Seed)
Online platform publishing content focusing on
personal finance
Postmediaand
Upgraded to MINICORN
INCA Renewtech (2020, Kelowna, $4.5M, Series A)
Provider of bio-composite materials
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/3)
Interesting Companies identified by Analysts in Canada Tech in September 2021
Canada Tech: Analyst Picks
15
Added to Editor's Pick
HonkMobile (2013, Toronto, $3.0M, Seed)
App-based marketplace for parking spaces
Bryker Capital, Impression Ventures, Residence
Ventures and 2 other Investors
Added to Editor's Pick
Fobi (2018, Vancouver, $7.4M, Post IPO)
Provider of cloud based customer engagement
solutions
Added to Editor's Pick
BuyBack Booth (2014, Montreal, $3.8M, Seed)
Developer of trade applications and kiosks to offer
payments for used smartphones
Invest Quebec,Brightspark Ventures,Brightspark
Traveland
Added to Editor's Pick
Oliver POS (2018, St. Johns, $2.4M, Seed)
Cloud-based POS software solution for offline retailers
European Investorsand
Added to Editor's Pick
Stash Energy (2016, Fredericton, $304K, Seed)
Thermal energy storage technology developer
New Brunswick Innovation Foundation, MaRS
Discovery District, Island Capital Partners and 1 other
Investors
Added to Editor's Pick
ChopValue (2016, Vancouver, $2.6M, Seed)
Online retailer offering multi-category home
improvement products
Active Impact Investments,Fulmer & Company,Mindset
Venture Groupand
Added to Editor's Pick
Numze (2013, Toronto, $1.2M, Seed)
On-demand marketplace for hiring security guards
Added to Editor's Pick
Avrij (2016, Ottawa, $1.2M, Seed)
Sports data analytics company
New Brunswick Innovation Foundationand
Added to Editor's Pick
Gallea (2016, Montreal, $1.2M, Seed)
Provider of SaaS-driven art gallery for artists & art
businesses
Anges Quebec, Telegraph Hill Capital, FounderFuel and
5 other Investors
Added to Editor's Pick
pVelocity (2001, Toronto, $3.4M, Seed)
Cost simulation & financial planning analysis software
for businesses
EdgeStone Capital Partnersand
Added to Editor's Pick
Qii.AI (2014, Toronto, Unfunded)
Provider of an AI-enabled industrial inspection
platform for monitoring defects
Added to Editor's Pick
Canadian UAVs (2015, Calgary, Unfunded)
Provider of drone service solutions for multiple
applications
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (3/3)
Interesting Companies identified by Analysts in Canada Tech in September 2021
Canada Tech: Analyst Picks
16
Added to Editor's Pick
Campnab (2017, Vancouver, Unfunded)
Online platform that provides campsite reservations at
sold-out campgrounds
Added to Editor's Pick
Cloudockit (2015, Quebec City, Unfunded)
Cloud-based platform for document automation
Added to Editor's Pick
XLSCOUT (2006, Mississauga, Unfunded)
Cloud and AI based IP analytics platform provider
Added to Editor's Pick
Forge Labs (2016, Burnaby, Unfunded)
Provider of cloud-based on-demand 3D printing
services
Added to Editor's Pick
Satellite Farms (2018, Toronto, Unfunded)
Growers and distributors of leafy greens and
vegetables using urban farming technologies
EVAand
Added to Editor's Pick
Phenix (2020, Toronto, Unfunded)
Cloud-based planning & scheduling software for
process manufacturing
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
01 Sep 2021
CubicFarms (2016, Langley, )
Designs, manufactures and markets controlled environment indoor
farming systems
TSX:CUB
23 Sep 2021
VitalHub (2010, Toronto, )
Cloud based administrative management tools for healthcare
providers
TSX:VHI
IPOs
List of IPOs in Canada Tech in September 2021
Canada Tech: IPOs
17
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions (1/2)
List of Acquisitions in Canada Tech in September 2021
Canada Tech: Acquisitions
18
Acq. Date Company Acquirer Deal Size
01 Sep 2021
Verse Cannabis(2020)
Provider of CBD nutritional supplements
The Valens Company
01 Sep 2021
Sortable(2012, Kitchener, $1.4M)
Ad optimization using machine learning technology
Freestar
02 Sep 2021
Train with Push(2013, Toronto)
Armband to quantify training performance in the gym
Whoop
03 Sep 2021
Diitalk(2015, Saskatoon)
App-based platform for messaging and calling
07 Sep 2021
TwentyBN(2015, Toronto, $12.5M)
Developer of AI-based computer vision platform for real-time
video analysis
Qualcomm
08 Sep 2021
Trade Helper(2012, Laval)
Online auction-based platform for vehicles
EBlock
08 Sep 2021
Ludia(2007, Montreal)
Video Game developer specializing in Franchise based games
JAM CITY $165.0M
08 Sep 2021
My Lil' Miracle(2001, Caledon)
Internet first brand offering cloth diapers
Daizee Baby
10 Sep 2021
Brickeye(2019, North York)
Provider of wireless sensors for the construction sites
AOMS Technologies
13 Sep 2021
FilmFreeway(2013, Vancouver)
Discovery and submission to film festivals
Backstage
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions (2/2)
List of Acquisitions in Canada Tech in September 2021
Canada Tech: Acquisitions
19
Acq. Date Company Acquirer Deal Size
14 Sep 2021
Sixteen:Nine(2006, Halifax)
Digital publishing platform
Spectrio
14 Sep 2021
Lowest Rates(2012, Toronto)
Comparison platform for financial products
Rates.ca
16 Sep 2021
BrokerBay(1999, Toronto)
Provider of diversified software for real estate professionals
Carrier
16 Sep 2021
exactEarth(2009, Cambridge, $0.0M)
Maritime vessel data for ship tracking
Spire
17 Sep 2021
wrnch(2015, Montreal, $9.3M)
Provides a computer vision engine that allows tracking and
extracting human movement from images and videos
Hinge Health
23 Sep 2021
Aware MD(2007, North York)
Digital clinical workflow management tool for providers
WELL Health Technologies Corp $3.5M
23 Sep 2021
HTEC(2005, Vancouver, $15.7M)
Provider of hydrogen refueling solutions
I Squared Capital
24 Sep 2021
LevelJump(2014, Toronto)
Sales enablement solution
Salesforce
29 Sep 2021
Greystone Energy Systems(1983, Moncton)
Provider of HVAC sensors and transmitters for building
automation applications
Bemsiq
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Canada Tech in September 2021
Canada Tech:News
20
Exit News
.
● Bentley Systems Announces Seequent’s Acquisition of Minalytix IndianWeb2
.
● Enthusiast Gaming Acquires Addicting Games, Enters Casual Gaming Market
GlobeNewswire
.
● Liminal BioSciences announces the completion of the Priority Review Voucher
sale PR Newswire
.
● Hinge Health Acquires the Most Advanced Computer Vision Technology for
Tracking Human Motion Business Wire
.
● Agworld in $100m sale Business News
.
● Spire buys exactEarth in first major acquisition Geospatial Media and Communications
.
● TRADE X acquires automotive export specialist Techlantic FreightWaves
.
● Fobi Announces Definitive Agreement To Acquire Qples Online Coupon And
Advertising Platform For $3,200,000 To ... Financial Post
.
Fund News
.
● Alan Howard-Backed 10T Raises $750 Million for Debut Crypto Fund
● Trulioo Appoints Caitlin Woodward as General Counsel Financial IT
.
● Attabotics Appoints Cyra Richardson, Former Microsoft and Amazon Executive
and Leader, as CTO and CPO; Adds Fo... Financial Post
.
● Fusion Pharmaceuticals Appoints Mohit Rawat as President and Chief Business
Officer CNW
.
● Ex-McAfee exec to lead BlackBerry security CRN Australia
.
● Hootsuite Welcomes Tiziana Figliolia as Chief Financial Officer GlobeNewswire
.
● Wondr Gaming announces the appointment of veteran media executive Rob
Frohling as Chief Revenue Officer Investing News
.
● Wondr Gaming announces the appointment of Gareth Hill as Senior Vice
President & Global Head of Partnerships Investing News
.
Company News
.
● Zimmer Biomet, Canary Medical win FDA de novo nod for smart knee implant
MassDevice
.
● Alpha Cognition Announces the Acceptance of its US FDA Investigational New
Drug Application (IND) for Lead Can... Business Wire
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (2/2)
Recent News in Canada Tech in September 2021
Canada Tech:News
21
● Prelivia, a Neurostimulation Device Receives 510k FDA Clearance Medical Device
News Magazine
Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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Tracxn - Monthly Report - Canada Tech - Sep 2021

  • 2. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Contents 2 Canada Tech Snapshot 3 Investment Snapshot 4 List of Funding Rounds 5 New Investors 11 Top Funded Business Models - last 1 year 13 New Analyst Picks 14 IPOs 17 Acquisitions 18 Recent News 20
  • 3. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Canada Tech Snapshot – September 2021 Canada Tech: Snapshot – September 2021 Note : "Investors" refers to "Institutional Investors" only 3 $855M 23 2 Overall Geo Stats 20 19 109 25 50 Funding Rounds $ Invested Analyst Picks Nobul Upgraded to SOONICORN New Investors Dispatch Ventures Bond Capital Series A+ rounds Active Investors IPOs CubicFarms VitalHub Acquisitions Verse Cannabis#@ Sortable#@ Top Funding Rounds Top Markets Top Investors Top Cities Monthly Leader Board Toronto (19 Rounds, $127M) Vancouver (7 Rounds, $487M) Montreal (5 Rounds, $63.7M) Calgary (3 Rounds, $56.7M) $250M - Series C Dapper Labs (2018, Vancouver, $857M) $120M - Series D Virogin Biotech (2015, Vancouver, $262M) $100M - Series C Semios (2010, Vancouver, $225M) $65M - Series B Rewind (2015, Ottawa, $79.9M) Y Combinator (13 Investments) BDC (2 Investments) Insight Partners (2 Investments) Canaccord Genuity Group (2 Investments) PC & Console Gaming Dapper Labs Oncology Virogin Biotech Crop Tech Semios IT Operations Rewind Market Size Companies Covered 26,587 Funded Companies 5,588 Total Funding $39.7B Funding in last 12 months $12.5B Top Exits IPOs 443 Acquisitions 1,473 Company Stage Unicorns 18 Soonicorns 115 Minicorns 390 Editor Picks 2,228 Series A+ 1,237 Series C+ 287 Acqui-Hires 12 Deadpooled 2,238 Top Cities Toronto (1,702 Rounds, $11.3B) Vancouver (844 Rounds, $6.7B) Top Investors BDC (292 Investments) MaRS Discovery District (167 Investments)
  • 4. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Investment Snapshot Investment Snapshot of Canada Tech as of September 2021 Canada Tech: Investment Snapshot 4 # Rounds $ Funding Investment Trend Top Investments (September 2021)* Dapper Labs (2018, Vancouver, $857M) $250M - Series C Coatue Virogin Biotech (2015, Vancouver, $262M) $120M - Series D Shenzhen Capital Group Semios (2010, Vancouver, $225M) $100M - Series C Morningside Group Rewind (2015, Ottawa, $79.9M) $65.0M - Series B Insight Partners Neo Financial (2018, Calgary, $90.0M) $50.5M - Series B Valar Ventures Redwood Materials (2017, Montreal, $792M) $50.0M - Series C Ford Nobul (2017, Toronto, $40.0M) $40.0M - Series C K2 & Associates Investment Management Irwin (2018, Toronto, $21.5M) $20.0M - Series A K1 Investment Management AutoLeap (2019, Toronto, $23.0M) $18.0M - Series A Bain Capital Ventures Fresh Prep (2015, Vancouver, $27.8M) $16.7M - Series B Yellow Point Equity Partners Zuva (2021, Toronto, $15.8M) $15.8M - Series A Insight Partners *Shows only the lead Investors
  • 5. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (1/6) List of Funding Rounds in Canada Tech in September 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 $40.0M - Series C Nobul (2017, Toronto, $40.0M) SaaS-driven networks for real estate agents and professionals K2 & Associates Investment Management, Canaccord Genuity Group LATE STAGE $50.0M - Series C Redwood Materials (2017, Montreal, $792.0M) Provider of lithium ion batteries recycling solution Ford LATE STAGE $100.0M - Series C Semios (2010, Vancouver, $225.0M) Data and intelligence for crop management Morningside Group LATE STAGE $120.0M - Series D Virogin Biotech (2015, Vancouver, $262.0M) Developed of drugs for the treatment of cancer Shenzhen Capital Group, CITIC, GF Securities, Panlin Capital LATE STAGE $250.0M - Series C Dapper Labs (2018, Vancouver, $856.6M) Blockchain-based games developer Coatue, GIC, GV, Version One Ventures, Andreessen Horowitz, and 1 more EARLY STAGE $3.0M - Series A Creative Layer (2012, Ottawa, $3.0M) Provider of personalized print-on-demand solution for online businesses Celtic House Venture Partners, Tobi Lütke, Cody Fauser, Adam McNamara EARLY STAGE $3.9M - Series A Proposify (2012, Halifax, $13.0M) Platform offering proposal management software Canadian Business Growth Fund, Innovacorp EARLY STAGE $4.5M - Series A INCA Renewtech (2020, Kelowna, $4.5M) Provider of bio-composite materials EARLY STAGE $5.0M - Series A Wise Publishing (2017, Toronto, $5.0M) Online platform publishing content focusing on personal finance
  • 6. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (2/6) List of Funding Rounds in Canada Tech in September 2021 Canada Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 6 EARLY STAGE $6.0M - Series A Crux OCM (2017, Calgary, $9.0M) AI-based software solution to optimize pipeline transmission activities for the oil and gas midstream industry Bullpen Capital, Root Ventures, Industry Ventures, Angular Ventures, Golden Ventures, and 1 more EARLY STAGE $6.3M - Series A Foxquilt (2016, Toronto, $11.1M) Platform enabling formation of social groups to avail insurance savings Luge Capital, Extreme Venture Partners, AmTrust Financial, Side Door Ventures EARLY STAGE $8.0M - Series A RNA Diagnostics (2010, Toronto, $13.8M) Developer of diagnostic assays for the detection of cancer BDC, iGan Partners EARLY STAGE $10.0M - Series A Millions (2020, Ottawa, $10.0M) Internet first brand offering multi-category sports merchandise apparel Volition Capital, Cody Fauser, Aydin Mirzaee EARLY STAGE $10.0M - Series A Cyberboxx (2018, Toronto, $10.0M) Online cyber insurance platform for small & medium businesses SixThirty, Cyber Mentor Fund, Zurich Insurance EARLY STAGE $10.7M - Series A Social Asset Management (2013, Edmonton, $15.8M) Provider of brand asset management solutions McRock Capital, Adventure Capital, HarbourVest Partners, Export Development Canada EARLY STAGE $11.5M - Series A AON 3D (2015, Montreal, $14.2M) Manufacturer of industrial 3D printers based on stereolithography technology SineWave Ventures, Panache Ventures, Y Combinator, AlleyCorp, BDC, and 3 more EARLY STAGE $15.8M - Series A Zuva (2021, Toronto, $15.8M) Cloud-based platform for document management Insight Partners
  • 7. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (3/6) List of Funding Rounds in Canada Tech in September 2021 Canada Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 7 EARLY STAGE $16.7M - Series B Fresh Prep (2015, Vancouver, $27.8M) Online platform to buy recipe box with pre-prepped ingredients Yellow Point Equity Partners, Renewal Funds EARLY STAGE $18.0M - Series A AutoLeap (2019, Toronto, $23.0M) SaaS-driven workshop management software for auto workshops Bain Capital Ventures, Threshold Ventures EARLY STAGE $20.0M - Series A Irwin (2018, Toronto, $21.5M) Investors relations software solutions K1 Investment Management EARLY STAGE $50.5M - Series B Neo Financial (2018, Calgary, $90.0M) Digital bank for individuals Valar Ventures, Breyer Capital, Greenoaks, Altos Ventures Capital EARLY STAGE $65.0M - Series B Rewind (2015, Ottawa, $79.9M) Cloud based enterprise data backup management software provider Insight Partners, Ridge Ventures, Inovia Capital, Union Ventures, Atlassian, and 3 more EARLY STAGE Series A Wingcopter (2014, Vancouver, $22.3M) Provider of a tiltrotor drone for multiple commercial applications Expa SEED STAGE $125.0K - Seed Pactima (2020, Clarence-rockland, $125.0K) Cloud-based platform for electronic signature Y Combinator SEED STAGE $125.0K - Seed Revolve Surgical (2019, Toronto, $125.0K) Developer of surgical robots for the operating room Y Combinator SEED STAGE $125.0K - Seed Hypercontext (2010, Toronto, $125.0K) Online performance management software for enterprises Y Combinator
  • 8. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (4/6) List of Funding Rounds in Canada Tech in September 2021 Canada Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 8 SEED STAGE $125.0K - Seed Sleek (2021, Toronto, $125.0K) Online platform offering card based cashback on multi- category products shopping Y Combinator SEED STAGE $125.0K - Seed Evidence (2021, Toronto, $125.0K) Provider of reporting and dashboarding solutions Y Combinator SEED STAGE $125.0K - Seed Teamspace (2021, , $125.0K) Cloud-based platform for virtual collaboration space Y Combinator SEED STAGE $125.0K - Seed Lemonade (2020, Toronto, $125.0K) App-based wallet for international money transfer & remittance services Y Combinator SEED STAGE $125.0K - Seed Secoda (2021, Toronto, $125.0K) Cloud based data discovery and management solutions provider Y Combinator SEED STAGE $125.0K - Seed Vinco (2020, , $125.0K) Employee education benefits platform for companies Y Combinator SEED STAGE $125.0K - Seed Scispot (2019, Toronto, $125.0K) Digital inventory management tool for laboratories and clinics Y Combinator SEED STAGE $125.0K - Seed CostCertified (2016, Calgary, $125.0K) SaaS-driven estimation software for the construction industry Y Combinator SEED STAGE $125.0K - Seed Dime (2021, , $125.0K) Online platform for website content management Y Combinator
  • 9. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (5/6) List of Funding Rounds in Canada Tech in September 2021 Canada Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 9 SEED STAGE $320.0K - Seed Hookdeck (2020, Montreal, $320.0K) Provider of tools for managing webhooks Alex Plugaru, Romain Lapeyre, Chris Nguyen SEED STAGE $350.0K - Seed Matdun (2019, Toronto, $350.0K) Provider of AI-enabled video surveillance systems for home security SEED STAGE $650.0K - Seed Jitbase (2015, Montreal, $650.0K) Software to capture, share and access knowledge Bluesky Equities, LEESTA, Boreal SEED STAGE $800.0K - Seed Libre DeFi (2020, Toronto, $800.0K) Liquidity farming protocol for crypto and tokens Marshland Capital, Moonrock Capital, CinchBlock, , Raptor Capital, and 1 more SEED STAGE $1.2M - Seed Gallea (2016, Montreal, $1.2M) Provider of SaaS-driven art gallery for artists & art businesses Telegraph Hill Capital, Anges Quebec, Manford, , ACET, and 2 more SEED STAGE $1.5M - Seed Battlesnake (2018, Victoria, $1.5M) Game development solutions provider Madrona Venture Group, ASCEND.VC, 200 OK Ventures, Liquid 2 Ventures, Jason Warner, and 1 more SEED STAGE $2.0M - Seed PhenoTips (2012, Toronto, $2.0M) Cloud-based health record management platform for hospitals & industries GreenSky Capital, Toronto Innovation Acceleration Partners, Thin Air Labs, Yorkville Partners SEED STAGE $3.1M - Seed MedStack (2015, Waterloo, $5.5M) Cloud based platform for the development of healthcare apps Blu Venture Investors, TELUS Ventures, Archangel Network, York IE, Argonautic, and 1 more
  • 10. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (6/6) List of Funding Rounds in Canada Tech in September 2021 Canada Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 10 SEED STAGE $3.1M - Seed Private AI (2017, Gatineau, $3.5M) AI-based software for data security M12, , Shasta Ventures, Differential Ventures, Hyperplane Venture Capital SEED STAGE $15.0M - Seed QisstPay (2020, , $15.0M) Provider of payment financing solution for shoppers MSA, Fox Ventures, UBL Digital, Global Founders Capital, First Check Ventures, and 4 more SEED STAGE Seed InvestX (2013, Vancouver, $6.9M) Cross-border private equity crowdfunding marketplace Jefferies, Virtu, Canaccord Genuity Group SEED STAGE Seed Riff (2020, , $10.0M) App-based social platform for music enthusiasts EMPI, , SEED STAGE Seed Fresh City Farms (2011, North York) Online retailer for organic grocery products TELUS, Good & Well, Dragonfly Ventures SEED STAGE Seed Pixieset (2013, Vancouver) Photo management platform for photographers Susquehanna Growth Equity SEED STAGE Seed Paperstack (2021, Toronto) Tax filing and bookkeeping platform for freelancers, contractors, and gig workers
  • 11. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Investors (1/2) List of New Investors in Canada Tech in September 2021 Canada Tech: List of New Investors 11 Investor Company Info Round Amount Round Name Dispatch Ventures 1 portfolio companies | Venture capital firm focused on multiple sectors Gallea Provider of SaaS-driven art gallery for artists & art businesses $1.19M Seed Bond Capital 43 portfolio companies | venture capital firm focused on multiple sector Dapper Labs Blockchain-based games developer $250M Series C forumvc.com 1 portfolio companies | Private AI AI-based software for data security $3.15M Seed Jefferies 37 portfolio companies | M&A, corporate advisory, and diversified asset management firm InvestX Cross-border private equity crowdfunding marketplace Undisclosed Seed vistaragrowth.com 2 portfolio companies | D3 Security Cloud-based full life cycle incident response and management solution $10.00M Seed UBL Digital 1 portfolio companies | Commercial bank QisstPay Provider of payment financing solution for shoppers $15.00M Seed Marshland Capital 2 portfolio companies | Venture capital firm focused on early-stage companies Libre DeFi Liquidity farming protocol for crypto and tokens $800K Seed Yellow Point Equity Partners 5 portfolio companies | PE firm investing in Canada & the US Fresh Prep Online platform to buy recipe box with pre-prepped ingredients $16.68M Series B Mana Ventures 9 portfolio companies | Venture capital firm investing in growth equity focused tech companies AON 3D Manufacturer of industrial 3D printers based on stereolithography technology $11.50M Series A Dragonfly Ventures 2 portfolio companies | Infrastructure funds & single family office investing in multiple sectors Fresh City Farms Online retailer for organic grocery products Undisclosed Seed
  • 12. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Investors (2/2) List of New Investors in Canada Tech in September 2021 Canada Tech: List of New Investors 12 Investor Company Info Round Amount Round Name K1 Investment Management 33 portfolio companies | Private equity firm focused on buyouts Irwin Investors relations software solutions $20.00M Series A Manford 1 portfolio companies | Manford Gallea Provider of SaaS-driven art gallery for artists & art businesses $1.19M Seed Hyperplane Venture Capital 44 portfolio companies | VC firm investing in technology startups Private AI AI-based software for data security $3.15M Seed SixThirty 72 portfolio companies | Venture capital firm focused on multiple sectors Cyberboxx Online cyber insurance platform for small & medium businesses $10.00M Series A ACET 1 portfolio companies | Sector agnostic startup accelerator Gallea Provider of SaaS-driven art gallery for artists & art businesses $1.19M Seed Fox Ventures 4 portfolio companies | Venture capital firm focused on pre-seed to series A investment in FinTech companies QisstPay Provider of payment financing solution for shoppers $15.00M Seed CinchBlock 5 portfolio companies | Provider of blockchain development services Libre DeFi Liquidity farming protocol for crypto and tokens $800K Seed Ford 24 portfolio companies | Automobile and commercial vehicle manufacturer Redwood Materials Provider of lithium ion batteries recycling solution $50.00M Series C txdxe.com 1 portfolio companies | Multi-Genre record label Riff App-based social platform for music enthusiasts Undisclosed Seed Boreal 1 portfolio companies | Venture capital firm focused on tech start-ups from pre- seed up to Series A investments Jitbase Software to capture, share and access knowledge $650K Seed
  • 13. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. 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. 13 Rank Business Model $ Funding # Rounds Top Funding Round 1 ▲19 Tech Enabled Lithium Battery Recyclers $750M 2 Redwood Mater.. | $700M | Series C 2 -- Islamic FinTech > Investment Platforms > Robo Advisors $697M 2 Wealthsimple | $610M | Series F 3 -- Datacenter Colocation $488M 1 eStruxture | $488M | Series B 4 -- Identity Verification $394M 1 Trulioo | $394M | Series D 5 -- KYC for Financial Institutions $394M 1 Trulioo | $394M | Series D 6 -- Internet First Revenue Based Financing $315M 2 Clearco | $215M | Series D 7 ▼-3 Drugs for Multiple Cancer Types $310M 8 Virogin Biotech | $120M | Series D 8 ▲168 Financial Planning & Analysis Software $249M 2 Vena | $241M | Series C 9 -- Sales RFP Response Automation $200M 1 Loopio | $200M | Series B 10 -- Deep Learning Processing Units $200M 1 Tenstorrent | $200M | Series C
  • 14. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (1/3) Interesting Companies identified by Analysts in Canada Tech in September 2021 Canada Tech: Analyst Picks 14 Upgraded to SOONICORN Nobul (2017, Toronto, $40.0M, Series C) SaaS-driven networks for real estate agents and professionals Canaccord Genuity Group,K2 & Associates Investment Managementand Upgraded to MINICORN Spineology (1997, St. Paul, $7.0M, Series B) Developer of minimally invasive spinal surgery devices Hermed Capital, Affinity Capital Management, Oak Ridge Financial and 2 other Investors Upgraded to MINICORN Zuva (2021, Toronto, $15.8M, Series A) Cloud-based platform for document management Insight Partnersand Upgraded to MINICORN Millions (2020, Ottawa, $10.0M, Series A) Internet first brand offering multi-category sports merchandise apparel Volition Capital,Cody Fauser,Aydin Mirzaeeand Upgraded to MINICORN QisstPay (2020, , $15.0M, Seed) Provider of payment financing solution for shoppers Global Founders Capital, UBL Digital, Ashley Davies and 7 other Investors Upgraded to MINICORN Wise Publishing (2017, Toronto, Undisclosed, Seed) Online platform publishing content focusing on personal finance Postmediaand Upgraded to MINICORN INCA Renewtech (2020, Kelowna, $4.5M, Series A) Provider of bio-composite materials
  • 15. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (2/3) Interesting Companies identified by Analysts in Canada Tech in September 2021 Canada Tech: Analyst Picks 15 Added to Editor's Pick HonkMobile (2013, Toronto, $3.0M, Seed) App-based marketplace for parking spaces Bryker Capital, Impression Ventures, Residence Ventures and 2 other Investors Added to Editor's Pick Fobi (2018, Vancouver, $7.4M, Post IPO) Provider of cloud based customer engagement solutions Added to Editor's Pick BuyBack Booth (2014, Montreal, $3.8M, Seed) Developer of trade applications and kiosks to offer payments for used smartphones Invest Quebec,Brightspark Ventures,Brightspark Traveland Added to Editor's Pick Oliver POS (2018, St. Johns, $2.4M, Seed) Cloud-based POS software solution for offline retailers European Investorsand Added to Editor's Pick Stash Energy (2016, Fredericton, $304K, Seed) Thermal energy storage technology developer New Brunswick Innovation Foundation, MaRS Discovery District, Island Capital Partners and 1 other Investors Added to Editor's Pick ChopValue (2016, Vancouver, $2.6M, Seed) Online retailer offering multi-category home improvement products Active Impact Investments,Fulmer & Company,Mindset Venture Groupand Added to Editor's Pick Numze (2013, Toronto, $1.2M, Seed) On-demand marketplace for hiring security guards Added to Editor's Pick Avrij (2016, Ottawa, $1.2M, Seed) Sports data analytics company New Brunswick Innovation Foundationand Added to Editor's Pick Gallea (2016, Montreal, $1.2M, Seed) Provider of SaaS-driven art gallery for artists & art businesses Anges Quebec, Telegraph Hill Capital, FounderFuel and 5 other Investors Added to Editor's Pick pVelocity (2001, Toronto, $3.4M, Seed) Cost simulation & financial planning analysis software for businesses EdgeStone Capital Partnersand Added to Editor's Pick Qii.AI (2014, Toronto, Unfunded) Provider of an AI-enabled industrial inspection platform for monitoring defects Added to Editor's Pick Canadian UAVs (2015, Calgary, Unfunded) Provider of drone service solutions for multiple applications
  • 16. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (3/3) Interesting Companies identified by Analysts in Canada Tech in September 2021 Canada Tech: Analyst Picks 16 Added to Editor's Pick Campnab (2017, Vancouver, Unfunded) Online platform that provides campsite reservations at sold-out campgrounds Added to Editor's Pick Cloudockit (2015, Quebec City, Unfunded) Cloud-based platform for document automation Added to Editor's Pick XLSCOUT (2006, Mississauga, Unfunded) Cloud and AI based IP analytics platform provider Added to Editor's Pick Forge Labs (2016, Burnaby, Unfunded) Provider of cloud-based on-demand 3D printing services Added to Editor's Pick Satellite Farms (2018, Toronto, Unfunded) Growers and distributors of leafy greens and vegetables using urban farming technologies EVAand Added to Editor's Pick Phenix (2020, Toronto, Unfunded) Cloud-based planning & scheduling software for process manufacturing
  • 17. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. IPO Date Company IPO Mcap Exchange Ticker 01 Sep 2021 CubicFarms (2016, Langley, ) Designs, manufactures and markets controlled environment indoor farming systems TSX:CUB 23 Sep 2021 VitalHub (2010, Toronto, ) Cloud based administrative management tools for healthcare providers TSX:VHI IPOs List of IPOs in Canada Tech in September 2021 Canada Tech: IPOs 17
  • 18. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Acquisitions (1/2) List of Acquisitions in Canada Tech in September 2021 Canada Tech: Acquisitions 18 Acq. Date Company Acquirer Deal Size 01 Sep 2021 Verse Cannabis(2020) Provider of CBD nutritional supplements The Valens Company 01 Sep 2021 Sortable(2012, Kitchener, $1.4M) Ad optimization using machine learning technology Freestar 02 Sep 2021 Train with Push(2013, Toronto) Armband to quantify training performance in the gym Whoop 03 Sep 2021 Diitalk(2015, Saskatoon) App-based platform for messaging and calling 07 Sep 2021 TwentyBN(2015, Toronto, $12.5M) Developer of AI-based computer vision platform for real-time video analysis Qualcomm 08 Sep 2021 Trade Helper(2012, Laval) Online auction-based platform for vehicles EBlock 08 Sep 2021 Ludia(2007, Montreal) Video Game developer specializing in Franchise based games JAM CITY $165.0M 08 Sep 2021 My Lil' Miracle(2001, Caledon) Internet first brand offering cloth diapers Daizee Baby 10 Sep 2021 Brickeye(2019, North York) Provider of wireless sensors for the construction sites AOMS Technologies 13 Sep 2021 FilmFreeway(2013, Vancouver) Discovery and submission to film festivals Backstage
  • 19. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Acquisitions (2/2) List of Acquisitions in Canada Tech in September 2021 Canada Tech: Acquisitions 19 Acq. Date Company Acquirer Deal Size 14 Sep 2021 Sixteen:Nine(2006, Halifax) Digital publishing platform Spectrio 14 Sep 2021 Lowest Rates(2012, Toronto) Comparison platform for financial products Rates.ca 16 Sep 2021 BrokerBay(1999, Toronto) Provider of diversified software for real estate professionals Carrier 16 Sep 2021 exactEarth(2009, Cambridge, $0.0M) Maritime vessel data for ship tracking Spire 17 Sep 2021 wrnch(2015, Montreal, $9.3M) Provides a computer vision engine that allows tracking and extracting human movement from images and videos Hinge Health 23 Sep 2021 Aware MD(2007, North York) Digital clinical workflow management tool for providers WELL Health Technologies Corp $3.5M 23 Sep 2021 HTEC(2005, Vancouver, $15.7M) Provider of hydrogen refueling solutions I Squared Capital 24 Sep 2021 LevelJump(2014, Toronto) Sales enablement solution Salesforce 29 Sep 2021 Greystone Energy Systems(1983, Moncton) Provider of HVAC sensors and transmitters for building automation applications Bemsiq
  • 20. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Recent News (1/2) Recent News in Canada Tech in September 2021 Canada Tech:News 20 Exit News . ● Bentley Systems Announces Seequent’s Acquisition of Minalytix IndianWeb2 . ● Enthusiast Gaming Acquires Addicting Games, Enters Casual Gaming Market GlobeNewswire . ● Liminal BioSciences announces the completion of the Priority Review Voucher sale PR Newswire . ● Hinge Health Acquires the Most Advanced Computer Vision Technology for Tracking Human Motion Business Wire . ● Agworld in $100m sale Business News . ● Spire buys exactEarth in first major acquisition Geospatial Media and Communications . ● TRADE X acquires automotive export specialist Techlantic FreightWaves . ● Fobi Announces Definitive Agreement To Acquire Qples Online Coupon And Advertising Platform For $3,200,000 To ... Financial Post . Fund News . ● Alan Howard-Backed 10T Raises $750 Million for Debut Crypto Fund ● Trulioo Appoints Caitlin Woodward as General Counsel Financial IT . ● Attabotics Appoints Cyra Richardson, Former Microsoft and Amazon Executive and Leader, as CTO and CPO; Adds Fo... Financial Post . ● Fusion Pharmaceuticals Appoints Mohit Rawat as President and Chief Business Officer CNW . ● Ex-McAfee exec to lead BlackBerry security CRN Australia . ● Hootsuite Welcomes Tiziana Figliolia as Chief Financial Officer GlobeNewswire . ● Wondr Gaming announces the appointment of veteran media executive Rob Frohling as Chief Revenue Officer Investing News . ● Wondr Gaming announces the appointment of Gareth Hill as Senior Vice President & Global Head of Partnerships Investing News . Company News . ● Zimmer Biomet, Canary Medical win FDA de novo nod for smart knee implant MassDevice . ● Alpha Cognition Announces the Acceptance of its US FDA Investigational New Drug Application (IND) for Lead Can... Business Wire
  • 21. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Recent News (2/2) Recent News in Canada Tech in September 2021 Canada Tech:News 21 ● Prelivia, a Neurostimulation Device Receives 510k FDA Clearance Medical Device News Magazine
  • 22. Canada Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Explore more on Tracxn Explore more about Canada Tech on Tracxn Platform Canada Tech: Explore more on Tracxn Platform 22 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 Redwood Materials 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
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