In this round of funding, companies from all across Canada and in varying industries managed to raise rounds of funding — and one even secured an acquisition. Here’s the latest on who raised how much, and from whom.
SmartReno raises $1.6 million, buys local competitor Zoomission
SmartReno, a Montreal-based company that connects people with professional renovation contractors, announced that it raised $1.6 million in its third financing round. The round will help the company expand across Canada and internationally.
Angel investors Martin-Luc Archambault, Daniel Robichaud, Mike Cegelski, Pierre Fleurent, and the Anges Québec Capital Fund participated in the round. “SmartReno definitely has the resources and the leadership it needs to build a successful company on a strong foundation. The Internet is an integral part of our daily lives now, even for construction and renovation projects,” said Archambault. “It’s something SmartReno understood years ago and it’s why we put our trust in them. Today SmartReno is considered essential to renovation in Canada, and their business model isn’t just innovative, it can be exported internationally.”
Read more about SmartReno’s acquisition of Zoomission on BetaKit.
Ideal Candidate raises first round of $2.5 million
Toronto-based Ideal Candidate, a job platform for salespeople that helps match job seekers with roles that best match their own skill sets, announced that it has raised its first round of funding of $2.5 million.
“Hiring salespeople was the biggest obstacle at our last startup,” said co-founder and CEO Somen Mondal. “Relying on your ‘gut feeling’ was ineffective and expensive. Before we even exited our last startup, we knew we wanted to optimize the recruiting process by creating a new way to make data-backed hiring decisions.”
The funding will be used to continue developing the platform, which is patent-pending, and expand its sales and marketing presence in North America. The company currently has offices in Boston, Chicago, and San Francisco.
4Deep raises $500,000 equity investment
Halifax-based 4Deep, which designs and sells digital holographic microscopes, raised $500,000 in a round led by Bosma USA, an affiliate of China’s Guangzhou BOSMA Optoelectronic Technology Co. With the investment from Bosma, the company also secured product distribution through all of mainland China, Hong Kong and Macau.
“We are thrilled with this agreement,” said 4Deep CEO Dr. Stephen Jones. “The Chinese market is extremely important to 4Deep, and BOSMA is an ideal equity partner. This market suits our technology perfectly and will no doubt push the limits of innovation and creativity, and generate some exciting products in the next year or two.” Read more about the acquisition on BetaKit.
