Tracxn - Geo Monthly Report - Canada Tech - Mar 2022

TRACXN MONTHLY REPORT
MARCH 2022
CANADA TECH

Canada Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Canada Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 11
Top Funded Business Models - last 1 year 13
New Analyst Picks 14
IPOs 18
Acquisitions 19
Recent News 22

Canada Tech Snapshot – March 2022
Canada Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$952M
24 4
Overall Geo Stats
20
24
127
44
49
Funding Rounds $ Invested Analyst Picks
Disco Upgraded to
MINICORN
New Investors
Wheaton Group
ELNA Medical
Series A+ rounds Active Investors IPOs
Original Holy Cow
Nirvana Life Science
Acquisitions
Opta
1CRM
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Toronto
(21 Rounds, $667M)
Vancouver
(5 Rounds, $17.6M)
Calgary
(4 Rounds, $72.8M)
Montreal
(3 Rounds, $143M)
$550M - Series D
TransPod (2015, Toronto, $565M)
$120M - Series B
Talent.com (2019, Montreal, $120M)
$33M - Series B
Athennian (2016, Calgary, $47.2M)
$24.0M - Series A
Manifest Climate (2015, Toronto, $29.2M)
Y Combinator
(4 Investments)
Inovia Capital
(3 Investments)
BDC
(2 Investments)
Export Development
Canada
(2 Investments)
Hyperloop
TransPod
HRTech
Talent.com
Payments
With Reach
Legal Tech
Athennian
Market Size
Companies Covered 30,064
Funded Companies 6,131
Total Funding $44.6B
Funding in last 12 months $12.5B
Top Exits
IPOs 473
Acquisitions 1,653
Company Stage
Unicorns 15
Soonicorns 137
Minicorns 435
Editor Picks 2,458
Series A+ 1,338
Series C+ 309
Acqui-Hires 11
Deadpooled 2,472
Top Cities
Toronto (1,856 Rounds, $14.4B)
Vancouver (911 Rounds, $7.3B)
Top Investors
BDC (305 Investments)
Creative Destruction Lab (174
Investments)

Investment Snapshot
Investment Snapshot of Canada Tech as of March 2022
Canada Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
TransPod
(2015, Toronto, $565M)
$550M - Series D Broughton Capital Group
Talent.com
(2019, Montreal, $120M)
$120M - Series B Inovia Capital
Athennian
(2016, Calgary, $47.2M)
$33.0M - Series B Centana Growth Partners
Manifest Climate
(2015, Toronto, $29.2M)
$24.0M - Series A BDC
With Reach
(2016, Calgary, $23.8M)
$23.8M - Series B Vistara Growth
Corl
(2016, Montreal, $20.4M)
$20.0M - Series A NAOS
Bonsai
(2016, Toronto, $22.4M)
$16.8M - Series A Framework Venture Partners
Helcim
(2006, Calgary, $16.0M)
$16.0M - Series A Information Venture Partners
PocketHealth
(2016, Toronto, $22.5M)
$16.0M - Series A Questa Capital
Clarius
(2014, Burnaby, $21.9M)
$15.6M - Series B Nimbus Synergies
Disco
(2010, , $19.8M)
$15.0M - Series A GSV Ventures
*Shows only the lead Investors

List of Funding Rounds (1/6)
List of Funding Rounds in Canada Tech in March 2022
Canada Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$12.0M - Series C
Qu Biologics (2007, Vancouver, $29.8M)
Developing Site Specific Immunomodulators that aim
to reboot the body's immune system to treat cancer
and immune-related diseases, such as Crohn's
LATE STAGE
$550.0M - Series D
TransPod (2015, Toronto, $564.9M)
Developer of Hyperloop transportation
Broughton Capital Group,
LATE STAGE
PE
Superna (2003, Kanata)
Provider of a platform offering backup and disaster
recovery solutions
Resurgens Technology Partners
LATE STAGE
PE
Eyelit (1997, Mississauga)
Developer of Manufacturing Execution and Quality
Management Softwares
Banneker Partners
EARLY STAGE
$3.3M - Series A
Kognitiv Spark (2016, Fredericton, $4.0M)
Cloud-based industrial holographic platform for remote
support & training
Foresight Williams
EARLY STAGE
$4.0M - Series A
Web3Games (2021, Vancouver, $4.0M)
Blockchain-based development platform for NFT
gaming
DAO Maker
EARLY STAGE
$4.5M - Series A
Sortspoke (2015, Toronto, $4.5M)
Platform offering data extraction software
EARLY STAGE
$5.0M - Series A
Citylitics (2020, Toronto, $5.0M)
Predictive analytics for public and utility businesses
Cerium Technology, Dallas Venture Capital, Gary
Comer, Klister Credit
EARLY STAGE
$8.0M - Series A
Carbicrete (2016, Westmount, $22.0M)
Provider of technology solutions to concrete
manufacturers
FS Investors, Something Good Ventures, ARC Financial,
Innovobot, New Climate Ventures

6
EARLY STAGE
$10.0M - Series A
ShopThing (2019, Toronto, $10.0M)
Online retailer offering fashion products on the live
stream
Origin Ventures, Pritzker Group, Interplay Ventures
EARLY STAGE
$15.0M - Series A
OpsLevel (2018, Toronto, $20.0M)
Platform offering ALM enablers software
Threshold, Vertex Ventures, S28 Capital, Webb
Investment Network, Grant Miller, and 13 more
EARLY STAGE
$15.0M - Series A
Disco (2010, , $19.8M)
Provider of SaaS-driven course creation and content
management solutions
GSV Ventures, Quiet Capital, Golden Ventures, Inovia
Capital
EARLY STAGE
$15.6M - Series B
Clarius (2014, Burnaby, $21.9M)
Developer of portable wireless ultrasound system
Nimbus Synergies, Export Development Canada,
Pender Ventures
EARLY STAGE
$16.0M - Series A
PocketHealth (2016, Toronto, $22.5M)
Provider of a cloud-based medical image sharing
platform
Questa Capital, Radical Ventures
EARLY STAGE
$16.0M - Series A
Helcim (2006, Calgary, $16.0M)
End-to-end payment solutions provider
Information Venture Partners, Aquiline, Generation
Partners, Accelerate Fund, Boris Wertz, and 3 more
EARLY STAGE
$16.8M - Series A
Bonsai (2016, Toronto, $22.4M)
Content-driven discovery and online retail platform for
men fashion
Framework Venture Partners
EARLY STAGE
$20.0M - Series A
Corl (2016, Montreal, $20.4M)
P2P marketplace for revenue-based financing
NAOS
EARLY STAGE
$23.8M - Series B
With Reach (2016, Calgary, $23.8M)
Payment gateway solutions to businesses
Vistara Growth, Tribune Capital, Bluesky Equities,
Rising Tide, Doug Hunter, and 1 more

7
EARLY STAGE
$24.0M - Series A
Manifest Climate (2015, Toronto, $29.2M)
Offering solutions to identify, assess, and manage
climate change within organizations
BDC, OMERS Ventures, Climate Innovation Capital,
Active Impact Investments, Bryker Capital, and 3 more
EARLY STAGE
$33.0M - Series B
Athennian (2016, Calgary, $47.2M)
Platform offering legal entity management software
Centana Growth Partners, Arthur Ventures,
Touchdown Ventures
EARLY STAGE
$120.0M - Series B
Talent.com (2019, Montreal, $120.0M)
Online job board for multiple industries
Inovia Capital, Caisse de depot et placement du
Quebec, Fondaction, Climb Ventures, Invest Quebec,
and 2 more
EARLY STAGE
Series B
Apollo Insurance (2018, Vancouver, $11.4M)
Online P&C insurance comparison platform for
individuals and businesses
EARLY STAGE
Series B
Circle Cardiovascular Imaging (2008, Calgary,
$19.9M)
Provider of a software for the evaluation of cardiac MR
and CT images
Thoma Bravo
EARLY STAGE
Series B
Atomic.Finance (2019, Toronto)
Online alternative trading platform for Bitcoin
Greylock, Mercato
SEED STAGE
$125.0K - Seed
Samos Insurance (2021, Waterloo, $125.0K)
Online life & health insurance platform for individuals
Y Combinator
SEED STAGE
$570.0K - Seed
PledgX (2020, Toronto, $570.0K)
Provider of an online marketplace for construction
professionals
Ontario Canada, Government of Canada

8
SEED STAGE
$881.4K - Seed
Cognito (2021, Victoria, $881.4K)
Provider of online mental health consultation services
Garage Capital, Mike McCauley, Rasool Rayani, Andrew
Wilkinson, Scott Lake, and 3 more
SEED STAGE
$976.7K - Seed
StoreToDoor (2020, Regina, $1.6M)
Offers a web-based platform providing B2B delivery
services
Inverted Ventures, Lex Capital, Golden Opportunities,
Startup TNT
SEED STAGE
$1.1M - Seed
WALO (2019, Quebec City, $1.1M)
Financial education platform for kids
WatchMojo, Invest Quebec, Desjardins, Granicus
SEED STAGE
$1.2M - Seed
Green Story (2015, Toronto, $1.2M)
Provider of solutions for the awareness of
environmental impact
4impact
SEED STAGE
$1.3M - Seed
IntelliCulture (2018, Waterloo, $1.4M)
Provider of precision agriculture solutions
Emmertech,
SEED STAGE
$1.5M - Seed
SPATULA (2021, Toronto, $1.5M)
Online platform for restaurant-quality meals
marketplace
Global Founders Capital, Panache Ventures, Loyal
SEED STAGE
$1.6M - Seed
MetaBlox (2021, Vancouver, $1.6M)
Blockchain-based application for the metaverse and
Web 3
Collab+Currency, Synergis, Crowdcreate, NFT,
FUTURELIFE, and 2 more
SEED STAGE
$1.7M - Seed
HonestDoor (2017, Edmonton, $2.7M)
Online listing platform for residential properties
Luge Capital, Panache Ventures, Bluesky Equities, SAF
Group, Reach, and 6 more
SEED STAGE
$2.1M - Seed
Calico (2020, Toronto, $2.2M)
Provider of operation management for fashion industry
Serena Ventures, Hyphen Capital, Roach Capital, Inovia
Capital, Maple VC, and 5 more

9
SEED STAGE
$2.3M - Seed
Ninja Delivery (2021, Toronto, $2.3M)
On-demand platform offering grocery delivery services
Contrary, Flexport, Lachy Groom
SEED STAGE
$2.5M - Seed
Coinbooks (2022, , $3.2M)
Cloud-based accounting and invoicing management
solutions for crypto businesses
Y Combinator, Multicoin Capital, Lattice Capital, Seed
Club, OrangeDAO, and 4 more
SEED STAGE
$2.7M - Seed
MedMe Health (2019, Toronto, $3.7M)
Cloud based pharmacy management software for
professionals
M12, MaRS Investment Accelerator Fund, Y
Combinator, GRAPHITEVENTURES INC
SEED STAGE
$3.2M - Seed
Wisedocs (2020, Toronto, $5.8M)
AI and cloud-based clinical documentation solutions
for healthcare professionals
Ripple Ventures, GreenSky Capital, Vena, Tim Lett,
George Papayiannis
SEED STAGE
$3.3M - Seed
Clinia (2005, Montreal, $3.3M)
Provider of practice management software for clinics
AQC Capital, Anges Quebec, Formentera Capital,
Kastello
SEED STAGE
$3.8M - Seed
COSM (2017, Toronto, $5.7M)
Provider of devices for women pelvic floor disorder
Fusion Fund, Archangel Network, iGan Partners, MaRS
Investment Accelerator Fund, TELUS
SEED STAGE
$3.9M - Seed
MinuteBox (2017, Toronto, $3.9M)
Platform offering e-signature software
Cowie Capital, Richard Hyatt, Michael Hyatt, Jai
Shekhawat
SEED STAGE
$4.7M - Seed
iRestify (2015, Toronto, $7.5M)
Online marketplace for cleaning services
Gutbrain Ventures, PBJ Capital, Export Development
Canada, Birchmere Ventures, Converge, and 1 more
SEED STAGE
Seed
SnapTrade (2017, Fredericton)
Provider of portfolio management tools for wealth
managers
Y Combinator

10
SEED STAGE
Seed
Offworld Industries (2014, New Westminster)
Developer of casual multi-genre PC and console games
Tencent
SEED STAGE
Seed
Canobi (2014, Ottawa)
SaaS-based indoor farm management solutions
LAUNCH LAB, ACCFutures, Kingston
SEED STAGE
Angel
Kiri Innovation (2018, Toronto)
Developer of AI-enabled 3D scanners
Qingsong Fund, , Inno Angel Fund
SEED STAGE
Seed
MD Connected (2016, Toronto)
Provider of an online teleconsultation platform for
multiple health disorders
ELNA Medical
SEED STAGE
Seed
METAIN (2021, Vancouver)
NFT-based platform for investment
IDG Capital

New Investors (1/2)
List of New Investors in Canada Tech in March 2022
Canada Tech: List of New Investors
11
Investor Company Info Round Amount Round Name
Wheaton Group
1 portfolio companies | Provider of marketing consulting services
HonestDoor
$1.73M Seed
ELNA Medical
1 portfolio companies | Chain of general clinics
MD Connected
Provider of an online teleconsultation platform for multiple health
disorders
Undisclosed Seed
Climb Ventures
3 portfolio companies | Venture capital firm investing in growth-stage startups
Talent.com
Online job board for multiple industries
$120M Series B
Serena Ventures
26 portfolio companies | Venture capital fund focused on early-stage startups
Calico
$2.10M Seed
Something Good Ventures
1 portfolio companies | Single-family office focused on climate change
investments
Carbicrete
Provider of technology solutions to concrete manufacturers
$8.00M Series A
cerieco.com
1 portfolio companies |
TransPod
$550M Series D
Inno Angel Fund
94 portfolio companies | Early stage investments focused VC fund
Kiri Innovation
Undisclosed Angel
LAUNCH LAB
1 portfolio companies | Launch Lab - The Innovation Centre - Helping
Entrepreneurs Succeed
Canobi
Undisclosed Seed
Questa Capital
16 portfolio companies | Growth stage VC & PE firm in the US
PocketHealth
Provider of a cloud-based medical image sharing platform
$16.00M Series A
ACCFutures
1 portfolio companies | Home - ACCFutures
Canobi
Undisclosed Seed

New Investors (2/2)
List of New Investors in Canada Tech in March 2022
Canada Tech: List of New Investors
12
Investor Company Info Round Amount Round Name
Cerium Technology
4 portfolio companies | Early-stage energy and tech focused VC firm investing
primarily in the US
Citylitics
$5.00M Series A
Generation Partners
12 portfolio companies | Private equity investment firm based out of the US
Helcim
$16.00M Series A
Broughton Capital Group
1 portfolio companies | Private debt fund focused on energy, railways, and
multiple sectors
TransPod
$550M Series D
Vena
1 portfolio companies | Financial planning & analysis software for businesses
Wisedocs
AI and cloud-based clinical documentation solutions for healthcare
professionals
$3.22M Seed
Resurgens Technology Partners
6 portfolio companies | PE firm investing in North America
Superna
Provider of a platform offering backup and disaster recovery solutions
Undisclosed PE
Dallas Venture Capital
16 portfolio companies | Venture capital fund and startup accelerator focused
on technology sectors
Citylitics
$5.00M Series A
Qingsong Fund
73 portfolio companies | Tech focused early stage VC firm investing in China
Kiri Innovation
Undisclosed Angel
Aquiline
53 portfolio companies | Private equity firm
Helcim
$16.00M Series A
Gutbrain Ventures
18 portfolio companies | Venture capital firm investing in software companies
iRestify
Online marketplace for cleaning services
$4.71M Seed
Foresight Williams
24 portfolio companies | VC fund investing in technology startups
Kognitiv Spark
Cloud-based industrial holographic platform for remote support &
training
$3.26M Series A

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
13
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Hyperloop Prototypes $550M 1 TransPod | $550M | Series D
2 -- Datacenter Colocation $488M 1 eStruxture | $488M | Series B
3 -- Identity Verification $394M 1 Trulioo | $394M | Series D
4 -- KYC for Financial Institutions $394M 1 Trulioo | $394M | Series D
5 -- ERP for Schools $373M 3 Paper | $270M | Series D
6 -- Tutoring Platforms for Schools $370M 2 Paper | $270M | Series D
7 ▲4 Internet First Revenue Based Financing $315M 2 Clearco | $215M | Series C
8 ▲5 Drugs for Multiple Cancer Types $308M 6 Virogin Biotech | $120M | Series D
9 -- Workforce Scheduling Software $306M 4 When I Work | $200M | Series C
10 ▼-9 PC and Console Core NFT Game Developers $280M 3 Dapper Labs | $250M | Series C

New Analyst Picks (1/4)
Interesting Companies identified by Analysts in Canada Tech in March 2022
Canada Tech: Analyst Picks
14
Upgraded to MINICORN
Disco (2010, , $4.8M, Seed)
Provider of SaaS-driven course creation and content
management solutions
GSV Ventures, Quiet Capital, Inovia Capital and 10
other Investors
Carbicrete (2016, Westmount, $2.3M, Seed)
Provider of technology solutions to concrete
manufacturers
Fonds de solidarite FTQ, Fondaction, Bennett and
Company and 8 other Investors
PocketHealth (2016, Toronto, $16.0M, Series A)
Provider of a cloud-based medical image sharing
platform
Questa Capital,Radical Ventures,OCEand
Citylitics (2020, Toronto, $5.0M, Series A)
Cerium Technology, Dallas Venture Capital, Gary
Comer and 1 other Investors
Corl (2016, Montreal, $412K, Seed)
P2P marketplace for revenue-based financing
NAOS,Connetic Ventures,RevTech Labsand
Sortspoke (2015, Toronto, $4.5M, Series A)
Platform offering data extraction software
OCE, Creative Destruction Lab, MassChallenge and 2
other Investors
ShopThing (2019, Toronto, $10.0M, Series A)
Online retailer offering fashion products on the live
stream
Origin Ventures,Pritzker Group,Interplay Venturesand
Coinbooks (2022, , $700K, Seed)
Cloud-based accounting and invoicing management
solutions for crypto businesses
Y Combinator, Multicoin Capital, Lattice Capital and 6
other Investors
Bonsai (2016, Toronto, $2.5M, Seed)
Content-driven discovery and online retail platform for
men fashion
Framework Venture Partners,Michael La Brier,West
Quad Venturesand
Wisedocs (2020, Toronto, $3.2M, Seed)
AI and cloud-based clinical documentation solutions
for healthcare professionals
Ripple Ventures, GreenSky Capital, Vena and 3 other
Investors
MetaBlox (2021, Vancouver, $1.6M, Seed)
Blockchain-based application for the metaverse and
Web 3
Collab+Currency, Synergis, NFT and 4 other Investors

15
Added to Editor's Pick
Manifest Climate (2015, Toronto, $5.1M, Seed)
Offering solutions to identify, assess, and manage
climate change within organizations
BDC, Climate Innovation Capital, OMERS Ventures and
7 other Investors
WALO (2019, Quebec City, Undisclosed, Seed)
Financial education platform for kids
Invest Quebec, Desjardins, Granicus and 3 other
Investors
Spiderwort (2017, Ottawa, $2.5M, Seed)
Developer of regenerative biomaterials
Horizons Ventures, Capital Angels Network, Break Off
and 7 other Investors
HonestDoor (2017, Edmonton, $500K, Seed)
Luge Capital, Reach, Wheaton Group and 14 other
Investors
Magnusmode (2011, Toronto, Unfunded)
Online mobile solutions for youth and adults with
autism spectrum disorders
OCE, Accelerator Centre, Golden Triangle Angel
Network and 1 other Investors
Calico (2020, Toronto, Undisclosed, Seed)
Serena Ventures, Maple VC, Hyphen Capital and 8
other Investors
MedMe Health (2019, Toronto, $596K, Seed)
Cloud based pharmacy management software for
professionals
M12, MaRS Investment Accelerator Fund,
GRAPHITEVENTURES INC and 4 other Investors
Atomic.Finance (2019, Toronto, Undisclosed, Series
B)
Online alternative trading platform for Bitcoin
Greylock,Mercatoand
Web3Games (2021, Vancouver, $4.0M, Series A)
Blockchain-based development platform for NFT
gaming
DAO Maker, Maven Capital Partners, Assembly
Partners and 19 other Investors
Poppy (2019, Toronto, Unfunded)
Provider of pathogen sensing and detection system
Panache Ventures,F7,Gen 1 Capitaland
Functionland (2021, Toronto, $1.1M, Seed)
Blockchain based networked attached storage
Outlier Ventures, Protocol Labs, Master and 10 other
Investors
Covera (2016, Montreal, $1.0M, Seed)
Platform to renew insurance policies
Ferst Capital Partners,MaRS Discovery Districtand

16
Clinia (2005, Montreal, $545K, Grant (prize money))
Provider of practice management software for clinics
AQC Capital, Anges Quebec, Formentera Capital and 2
other Investors
Pillway (2017, Delta, $3.9M, Series A)
Online platform for delivering prescription medications
WELL Health Technologies Corpand
Uplinq (2021, Toronto, $3.5M, Seed)
API-based credit risk signals for banks and credit
institutions
N49P Venture Capital, Surface Ventures, MoVi Partners
Vybe (2021, Vancouver, $2.5M, Seed)
Provider of data cataloging and management solutions
Lemniscap, Alameda Research, Sino Global Capital and
6 other Investors
TerraZero Technologies (2021, Vancouver, $7.7M,
Series A)
Provider of blockchain platform offers metaverse
services
BIGG Digital Assetsand
Astonishing Comic Reader (2015, Montreal,
Unfunded)
App-based comic book reading platform
Niricson Software (2019, Victoria, $270K, Seed)
Cloud-based predictive analytics platform for
infrastructure asset management
Bentley iTwin Ventures, SDTC, Techstars and 1 other
Investors
Hyperbeam (2019, Waterloo, $125K, Seed)
API for embedding multiplayer web browsers
Y Combinatorand
Pocket Ledger (2020, Coquitlam, Unfunded)
App-based accounting and inventory management
solutions for businesses
StoreToDoor (2020, Regina, $977K, Seed)
Offers a web-based platform providing B2B delivery
services
Inverted Ventures, Lex Capital, Golden Opportunities
Superna (2003, Kanata, Undisclosed, PE)
Provider of a platform offering backup and disaster
recovery solutions
Resurgens Technology Partnersand
Samos Insurance (2021, Waterloo, $125K, Seed)
Online life & health insurance platform for individuals
Y Combinatorand

17
Saguaro (2020, Quebec City, $1.1M, Seed)
Developer of 3D cell culture products for drug
discovery
Frederic Orsand
Spade (2021, Vancouver, $125K, Seed)
Transactional API development solutions
Y Combinatorand
Blackspark (2011, Toronto, Undisclosed, Seed)
Cloud-based tax preparation and management
solutions for businesses
Tavares,Joe Rooneyand
CloudArmy (2015, Vancouver, Unfunded)
Cloud based platform offering neuromarketing
research solutions
Gray Routes (2019, Toronto, Unfunded)
Offers AI and SaaS-based demand forecasting solutions
T-Huband
eSupply Canada (2019, Quebec City, Unfunded)
E-distributor offering multi-category products
TechAllianceand
Vitarock (2013, Toronto, Unfunded)
Online marketplace offering multi-category eco-
friendly products
Iframely (2012, Ottawa, Unfunded)
SaaS-based content management software for digital
publishers
Novo Tech Software (1997, North Vancouver,
Unfunded)
Cloud-based borehole logging software for the mining
industry

IPO Date Company IPO Mcap Exchange Ticker
15 Mar 2022
Original Holy Cow (2020, Vancouver, )
Platform offering plant-based meat alternative
$0.0B NEO:HOLY
17 Mar 2022
Nirvana Life Science (2021, Vancouver, )
Developer of therapeutics for the treatment of opioid addiction
$ CSE:NIRV
14 Mar 2022
POET Technologies (1985, Toronto, )
Manufacturer of interposer platform for communication between
photonic and electronic devices
NASDAQ:POET
22 Mar 2022
H2O Innovation (2000, Quebec City, )
Provider of nano-enabled water treatment systems
$ TSX:HEO
IPOs
List of IPOs in Canada Tech in March 2022
Canada Tech: IPOs
18

Acquisitions (1/3)
List of Acquisitions in Canada Tech in March 2022
Canada Tech: Acquisitions
19
Acq. Date Company Acquirer Deal Size
01 Mar 2022
Opta(2012, Markham)
Business intelligence & enterprise risk management software
Verisk
01 Mar 2022
1CRM(1997, Victoria)
Open Source CRM for SMBs
Portage CyberTech
03 Mar 2022
Pharmacy Access(2002, Mississauga)
Provider of pharmacy management software
FGC Health $4.0M
09 Mar 2022
The Health Depot Pharmacy(2019, London)
Online pharmacy focusing on the sale of prescribed medicines and
other healthcare products
GSC
10 Mar 2022
Property(2014, Toronto)
App-based listing platform for residential real estate properties
RealServus
10 Mar 2022
MrLoft(2007, Toronto)
RealServus
10 Mar 2022
Condos(2008, Toronto)
RealServus
14 Mar 2022
Interdev(2000, Toronto)
Provider of patient EMR management software for doctors
ESO
15 Mar 2022
Pressboard(2014, Vancouver, $2.0M)
The marketplace for stories
IMPACT
15 Mar 2022
Scolab(2004, Montreal)
Gamified Math learning platform
TC Transcontinental

Acquisitions (2/3)
20
16 Mar 2022
Tidal Psychedelics(2019, Nisku)
Developer of mushroom-based therapies and supplements for
mental health
Mynd
16 Mar 2022
Budge Studios(2010, Montreal, $3.0M)
Educational apps for children
Tilting Point
17 Mar 2022
Premium Labs(2014, Vancouver)
Online retailer offering e-liquids for smoking
LUMO GROUP
21 Mar 2022
Haven Entertainment Studios(2021, Montreal)
Developer of PC and console-based core games
PlayStation
21 Mar 2022
LilYPad POS(2010, London)
Ticket distribution and facilities management system
Jonas Software
22 Mar 2022
TrainHub(2020, Kitchener)
SaaS-driven platform offering training for schools
ApplyBoard
23 Mar 2022
Canada Sports Betting(2011, Montreal)
Online platform offering reviews on sports betting sites
Better Collective
24 Mar 2022
Reed Water(2019, Concord)
Offering solutions for water management platform
Eddy Solutions $5.9M
24 Mar 2022
Cubby(2019)
Online platform that provides luggage storage services
Stasher
24 Mar 2022
Spently(2011, Toronto, $0.1M)
SaaS-based post-purchase email marketing solutions for retailers
Pantastic

Acquisitions (3/3)
21
24 Mar 2022
SecureKey(2008, Toronto, $71.2M)
Cloud-based identity verification solutions
Avast
28 Mar 2022
Breathe Life(2017, Montreal, $8.3M)
Digital marketing solutions for insurers
SE2
29 Mar 2022
K-Ops(2016, Montreal)
Construction project tracking software provider
Stack
30 Mar 2022
Resolver(2000, Toronto, $24.0M)
Cloud based GRC
Kroll

Recent News (1/2)
Recent News in Canada Tech in March 2022
Canada Tech:News
22
Exit News
.
● Playstation Acquires Jade Raymond's Haven Studios TechStory
.
● Avast acquires SecureKey, extends digital identity security SecurityBrief
.
● Intema Solutions acquires Parabellum Media Esports Insider
.
● LifeSpeak To Acquire Wellbeats for up to $92.5M HIT Consultant
.
● Zebra Technologies to acquire Matrox Imaging mmh.com
.
● SE2 Acquires Breathe Life to Scale SaaS Product and Data Capabilities for
Carriers Across the Insurance Lifecycle Business Wire India
.
● Women’s health firm aims to strengthen after buyout TechiLive.in
.
● TerrAscend Completes Acquisition of Gage Cannabis CNW
.
Fund News
.
● Clearco & Indiegogo Launch $10 Million Fund To Fuel Growth Of Indiegogo
EntrepreneursPR Newswire
.
● CoinPayments Appoints Dennis Pederson as the Company's New Chief
Executive Officer PR Newswire
.
● Michele Romanow Becomes Clearco Ceo As Andrew D’souza Moves To
Executive Chair BetaKit
.
● Hivestack Expands C-Suite with Appointment of Global Chief Marketing Officer
(CMO) CNW
.
● Wade Barnes Stepping Down as Farmers Edge CEO Business Wire
.
● MindMed CFO David Guebert to retire Seeking Alpha
.
● Executive Shakeup at Lightspeed With Cfo Shifted to Coo, and Two New Hires
BetaKit
.
● Trulioo appoints Reno Mathews as first chief compliance officer Finextra

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Tracxn - Geo Monthly Report - Canada Tech - Mar 2022

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