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Top VC deals done in Canada in second quarter

Canada’s Venture Capital and Private Equity Association and research partner Thomson Reuters will in August publish their full report on Canadian venture capital activity in the second quarter of 2014. In the meantime, peHUB Canada has compiled an early list of some of the top disclosed financings completed between April and June.

1) Verafin (St. John’s, Newfoundland)

Verafin, a provider of anti-money laundering and fraud detection software, raised $60 million in a Series C funding round. The investor was U.S. technology-focused private equity firm Spectrum Equity. The company’s other major backer is Canadian venture capital firm RBC Venture Partners, which invested in Verafin’s Series B round in 2009.

2) Wattpad (Toronto, Ontario)

Wattpad also closed a Series C round, securing $46 million. The deal was led by OMERS Ventures and joined by August CapitalRaine Ventures and Northleaf Venture Catalyst Fund, as well as existing VCs Union Square VenturesKhosla VenturesJerry Yang of AME Cloud VenturesGolden Venture Partners, and Boris Wertz of Version One Ventures. Wattpad is a social platform that creates connections between readers and writers.

3) SHOP.CA Network (Toronto, Ontario)

Online shopping destination SHOP.CA received $31 million in a Series B financing that included new investor Shaw Ventures, the investment arm of Shaw Communications, and several North American financial institutions. Existing backers that also joined the round included Torstar CorpSlaight Communications and Difference Capital.

4) Visier (Vancouver, British Columbia)

Visier, a specialist in workforce analytics and planning solutions, completed a Series C funding deal, bringing in $25.5 million. U.S. venture capital firm Adams Street Partners led the round with the participation of Foundation Capital and Summit Partners, which accounted for the company’s Series A and B financings.

5)  theScore (Toronto, Ontario)

Mobile sports app theScore, spun out of Score Media in 2013, attracted $17.25 million in a public share offering and private placement. Canadian venture capital firm Relay Ventures contributed to the transaction along with Levfam Holdings. Relay Ventures was also a participant in the company’s $16 million startup financing last May.

6) FilterBoxx Water & Environmental (Calgary, Alberta)

FilterBoxx Water & Environmental obtained $14.7 million in a follow-on financing led by an unnamed Swiss family office. The deal was also joined by existing Canadian investors XPV Capital and EnerTech Capital, which co-led FilterBoxx’s $9 million round in 2011. The company is a provider of packaged potable water and wastewater treatment systems.

7) Slyce (Calgary, Alberta)

Visual product search platform Slyce raised an additional $12 million in funding. The company’s latest transaction was completed by a syndicate of agents led by Canaccord Genuity. Venture-backed since 2013, Slyce has plans to be listed this year on the TSX Venture Exchange.

8) Tasktop Technologies (Vancouver, British Columbia)

Tasktop Technologies, a developer of integration technology to improve software productivity, secured $11 million in Series A financing. U.S. venture capital firm Austin Ventures led the round with the participation of Canadian firm Yaletown Venture Partners. Yaletown originally committed to Tasktop’s seed-stage funding in 2013.

9) Venus Concept (Toronto, Ontario)

Venus Concept received a minority interest investment of $10 million from U.S. venture capital firm Longitude Capital, which is focused on medical technology and drug development companies. Venus Concept is a developer and manufacturer of devices for the medical aesthetic market.

10) OMsignal (Montréal, Québec)

Smart clothing technology platform OMsignal netted $10 million in a Series A financing. The round was led by U.S. venture capital firm Bessemer Venture Partners and joined by existing investors, including Canadian firms Real VenturesMistral Venture Partners and Golden Venture Partners, as well as Techstars‘ managing partner David CohenFlextronics and Primera Capital.

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