Why Round13 Capital is betting on venture debt
Following unsuccessful bid for SVB Canada’s assets, Round13 wants to target underfunded startups with TIMIA.
Acquisitions
Paystone to acquire fellow payments processor Ackroo for $21 million
The last time Ackroo stock was valued at the purchase price of $0.15 per share was November 2021.
Absorb to acquire Together in bid to bring mentorship to its learning software
Calgary firm to absorb Together to provide more “comprehensive learning solution.”
Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity
CookUnity eyes Canadian expansion starting with Toronto in 2025.
Shareholders file proposed class action alleging Exro misrepresented revenue projections
Plaintiff describes 2024 revenue forecasts Exro made in January as “delusional.”
Manzil launches Halal wealth management solution following acquisition of Canadian Islamic Wealth
CEO sees M&A as “critical” for the long-term viability of the Islamic finance industry.
TechTO acquires Peerscale to broaden support for later-stage tech entrepreneurs
New CEO Marie Chevrier Schwartz sees Peerscale as the “graduating class of the TechTO ecosystem.”
Insurance giant Intact scoops up home maintenance startup Jiffy
Deal expected to expand Jiffy’s service to more Canadian markets.
Nuvei posts revenue growth in final earnings as go-private deal gets green light
Having received regulatory approval, Nuvei expects its $6.3-billion USD go-private deal to close on Friday.
AppDirect’s acquisition spree heats up as it reveals plans to purchase vCom Solutions
The deal marks the fourth acquisition for Canadian-founded AppDirect in the last two years.
Manzil acquires Aghaz to expand Halal financial solutions to the United States
Deal includes Aghaz’s platform and status as a Registered Investment Advisor with the SEC.
Spark Real Estate acquires Juniper Homeowner Care to expand home developer CRM offering
Spark president: “When enough people tell you to combine the two companies, it’s time to start listening.”
Thomson Reuters acquires American portfolio company Materia AI
Materia emerged from stealth earlier this year with Thomson Reuters’ backing.
Round13 Capital to acquire startup lending platform TIMIA Group for $6.5 million
Round13 managing partner says the deal equips VC firm with an expanded arsenal of financing options.
BlueCat Networks to acquire San Francisco-based LiveAction from Insight Partners
Insight will remain a minority investor in the network intelligence solution.