Spring Activator acquires Future Capital to bring wealth creation to underrepresented communities
The combined investments of the two Vancouver-based organizations total over $50 million CAD.
Acquisitions
Properly founders exit as company and tech are sold in separate transactions
America real-estate giant Compass buys out Properly founders; unnamed Canadian firm acquires brokerage.
Rockwell Automation signs agreement to acquire Waterloo-based Clearpath Robotics
Clearpath’s mission statement is to automate “the world’s dullest, dirtiest, and deadliest jobs.”
CiteRight and fellow Canadian legaltech startup Jurisage ink deal to merge
Merger will combine CiteRight’s litigation-drafting platform with Jurisage’s AI tech.
Employee time-tracking startup Replicon acquired by US-based Deltek
Deltek called this deal one of the largest in the company’s history.
OpenText acquires solutions partner KineMatik
KineMatik offers automation tools for business processes via OpenText marketplace.
Redbrick expands portfolio with acquisition of video-editing software Animoto
Redbrick CEO said the company has reached $100 million in annualized revenue, 200 employees.
Magnet Forensics acquires digital-media startup Griffeye to help investigate child abuse online
Griffeye claims its platform is used by over 1,000 police agencies globally.
Horizn acquired by US conversational AI firm Inbenta
Deal will add Horizn’s interactive product demos to Inbenta’s platform.
Carbon Engineering sold to US oil and gas company Occidental for $1.1 billion
Squamish cleantech startup latest to be attracted by US green tax credits, incentives.
EventMobi acquires US-based virtual events platform Run The World
The deal comes as demand for virtual gatherings has fallen from pandemic highs.
AppDirect acquires ADCom’s network operations centre, monitoring platform to launch managed services suite
Canadian-founded, San Francisco-based AppDirect has a strong presence in Canada.
National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio
The $1-billion CAD portfolio includes $325 million CAD in outstanding loan commitments.
DeFi company Wellfield inks deal to acquire crypto custodian Brane Trust
Canadian crypto consolidation continues with Toronto, Ottawa firms set to join forces.
Sun Life Canada to acquire Dialogue Health Technologies
Dialogue will maintain its head office in Montréal and operate as a standalone entity as part of Sun Life Canada.