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Emerging Companies & Venture Capital

Emerging Companies & Venture Capital
Emerging Companies & Venture Capital
Expertise / Sectors / Emerging Companies & Venture Capital

Blakes has a long history of supporting emerging and growth-stage companies across Canada. These companies have unprecedented access to top talent, capital and other business resources, including Nitro Powered by Blakes.  As one of Canada’s oldest law firms, we take great pride in working with Canadian entrepreneurs and international innovation leaders, supporting their businesses and strengthening their place in the global economy.

Emerging Companies and Venture Capital

As a full-service business law firm, the Blakes Emerging Companies & Venture Capital group spans several specialty areas and provides strategic advice and legal counsel at each stage of a company’s lifecycle. This includes working with our clients on early, idea-stage issues, intellectual property, incorporation, governance policies, management agreements, commercial agreements, employment advice and regulatory approvals, through to financing their growth and exit strategies.

Emerging Companies and Venture Capital

Our team draws on national experience working with fund sponsors on structuring and managing venture capital investment funds and other investment vehicles, including fund formation, management, shareholder and investment agreements, governance, regulatory compliance, and tax issues.
 
We also work closely with investor clients, as both buyers and sellers, to provide advice when formulating an investment strategy and when sourcing, structuring and executing an investment-related transaction.

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Recent Experience

Venture Capital

  • AutoLeap Inc. on its C$18-million Series A investment round led by Bain Capital Ventures.

  • ​Notch Therapeutics Inc. on its US$85-million Series A financing.

  • ​McCain Foods Limited on the C$50-million investment round in Simulate Labs and related commercial matters.

  • ​An investor on its US$95-million investment in ApplyBoard Inc.'s Series D financing.

  • Diggs Inc. on its US$13-million Series A investment round led by venn growth partners with backing by Strand Equity.

  • ​The lead investor in Tenstorrent Inc.’s Series C financing for over US$200-million, valuing Tenstorrent at US$1-billion.

  • Caisse de dépôt et placement du Québec, Investissement Québec and other participants on their investment in Inovia Capital’s C$450-million backing of domestic tech champions.

  • Svante Inc. on its US$75-million Series D equity financing.

  • Koru, a groundbreaking venture foundry created by the Ontario Teachers’ Pension Plan, in various investments and other matters, including investments in Elovee and Fyld.

  • Entrepreneur First, an international Talent Investor supporting individuals to build technology companies, with its expansion into Canada and development of Canadian investment documents.

  • McCain Foods Ltd. in connection with its investments in TruLeaf, a leading vertical farming venture, and NUGGS Labs, a plant-based chicken nugget producer.

  • Caisse de dépôt et placement du Québec (CDPQ) in several investments in venture and technology enterprises.

  • Nutrien Ltd. in connection with the formation of a partnership by entering into a limited partnership agreement with Radicle Growth Management, LLC, a San Diego-based acceleration fund focused on agtech and food tech.

  • The majority investor in connection with various investments in Wealthsimple, one of Canada’s leading fintech companies.

  • Whitecap Venture Partners on its C$10-million series A investment in Nicoya Lifesciences Inc.

  • Mantella Venture Partners in connection with numerous investments, including Ritual Technologies Inc. and Felix Health.

  • Cowen Healthcare Investments with the approximately US$82.5-million Series B financing of Repare Therapeutics Inc.

  • Khosla Ventures on various investments, including in Meta Inc., Indigo Fair, Deep Genomics and Casca Designs Inc.

  • Perceptive Xontogeny Venture Fund, LP in connection with its US$21-million series A venture capital investment in Zucara Therapeutics Inc.

  • BDC Capital on its co-investment in Preciseley Microtechnology Corporation along with ACE Equity Partners, and ACE Equity Partners on related Canadian regulatory matters.

Mergers & Acquisitions

  • Canadian counsel to Elastic N.V. on its acquisition of CmdWatch Security Inc.

  • ​SecureWorks Corp. on its acquisition, through one of its wholly owned subsidiaries, of all outstanding and issued shares in the capital of Delve Laboratories Inc.

  • Kognitiv Corporation on its C$525-million acquisition of Aimia Inc.’s Loyalty Solutions business.

  • Great Hill Partners on the C$126-million acquisition of VersaPay Corporation.

  • FLIR Systems, Inc. on its US$200-million acquisition of Aeryon Labs Inc.

  • The Toronto-Dominion Bank on its acquisitions of artificial intelligence firm Layer 6 Inc. and asset management firm Greystone Capital Management.

  • Audax Group, Inc. on its acquisition of EIS, Inc.

  • Rover Parking Inc. on its acquisition by SpotHero, Inc.

  • Rank Software Inc. on its acquisition by Arctic Wolf Networks Inc.

  • Encycle Therapeutics and its investors on a sale process and their ultimate sale to Zealand Pharma

Emerging Company Financing

  • Koho Financial Inc. on its C$70-million Series C financing led by new investor TTV Capital

  • ​​Grayhawk Investment Strategies Inc. on its C$13-million Series B financing leg by Sagard Holdings Inc.

  • ​League Inc. on its US$42-million Series B-1 financing and on various secondary financing transactions, its credit facility, and other corporate and commercial matters.

  • Second Closet Inc. on its C$13.2-million growth funding round led by Whitecap Venture Partners, and other corporate and commercial matters

  • Cinchy Inc. on its C$10-million Series A investment round led by Information Venture Partners, and on other corporate and commercial matters.

  • Koho Financial Inc. on its C$25-million series C round led by Drive Capital, with participation from National Bank of Canada.

  • Blueprint Software Systems Inc. in connection with its Series D preferred share financing.

  • Knix Wear Inc. on its C$5.7-million Series A round led by German venture capital firm Acton Capital.

  • Hi Mama Inc. on its C$7.25-million Series A round led by Round13.

  • Vena Medical on its C$6.5-million Series A venture financing round.

  • Zymeworks Inc. in connection with its private placement of Class A Preferred Shares for aggregate gross proceeds of US$61-million.

  • Inventys Thermal Technology Inc. on its US$26-million Series C financing.

  • Endurance Wind Power Inc. on its Series C round of financing led by Yaletown Venture Partners.

  • REGEN Energy Inc. on its US$7-million series B investment round led by a significant international energy company with participation from existing investors NGEN Partners and the BDC Venture Capital Energy/Cleantech Fund.

  • Axine Water Technologies Inc. on its Series A financing round that saw The Roda Group join existing investors Chrysalix Energy Venture Capital and BDC Venture Capital.

  • Ace Hill Beer Company Inc. on their growth financing round.

  • Various emerging companies, including BitCine Technologies, Inc., Bear Health Technologies Inc., Curv Labs Inc., PolicyMe Corp., Knockri Inc., Get Synapse, Inc., Senso.ai and Final Blueprint Inc. (d.b.a. Willful), on their seed financing rounds as well as general corporate and commercial matters.

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