Kirk Falconer

Canalyst, a Vancouver-based provider of fundamental financial models to institutional investors, has raised C$20 million in a Series B financing.

Mobile Klinik has acquired Fonelab, a Toronto-based smartphone repair, sales and accessories chain, for an undisclosed amount.

Nicoya, a Kitchener, Ontario-based provider of advanced analytical instruments for the biotechnology and pharmaceutical industries, raised C$10 million.

The appointment of Pikar, who previously led HIG Growth Partners-owned CDI Technologies, increases OMERS Growth Equity’s managing directors to two.

Canada’s largest pension fund with net assets of C$410 billion ($309 billion; €279 billion), has so far made commitments to three Silicon Valley managers. It aims to deploy an initial $1 billion to funds in North America and Europe in early-stage and growth-stage vehicles.

Vistara Capital Partners held the final close of its third debt fund, hitting its hard cap of $150 million (US$115 million).

Months after opening its San Francisco office, the largest Canadian pension fund has so far made commitments to three Silicon Valley managers, according to Delaney Brown.

L'Oréal's venture capital arm, Business Opportunities for L'Oréal Development, has made a minority investment in Functionalab Group, a Montréal-based developer and marketer of skin care and beauty brands.

The top-up tranche was led by Drive Capital and joined by the National Bank of Canada's NAventures.

Valent Low-Carbon Technologies has secured a $30 million investment from Kensington Private Equity Fund, an affiliate of Kensington Capital Partners, and John Risley's CFFI Ventures.