Aug 29, 2021 | Weekly Cache
Last week, we saw an upsize raise announcement from Converge Technology Solutions Corp. (CTS-TSX), raising $225 million, before its greenshoe option. Private innovation companies announced financings of around $400 million. Shopify’s (SHOP-NYSE, SHOP-TSX) integration...
Aug 22, 2021 | Weekly Cache
We witnessed a decent level of Canadian public company M&A last week, with over $300 million of transactions in the past week. Recall, Sophic Capital has previously suggested that M&A could be a positive catalyst for small to mid cap innovation companies in...
Aug 14, 2021 | Weekly Cache
Last week saw a major financing by Lightspeed (LSPD-NYSE, LSPD-TSX), raising almost a billion dollars in equity. In addition, in Canada, Freshbooks attained unicorn status. In the USA, car sharing platform Turo has filed confidentially for an IPO. Neobank Chime raised...
Aug 7, 2021 | Weekly Cache
M&A appears to have been a major theme this past week. At Sophic, we believe M&A could be a positive catalyst for small cap Canadian innovation stocks in the fall. Additionally, consensus expectations are for capital markets activity to accelerate in that...
Aug 1, 2021 | Weekly Cache
Toronto based 1Password’s $125 million raise at a $2.5 billion valuation received a lot of interest this past week. Public markets saw a large number of tech companies report their Q2 financials. In the USA, popular trading app, Robinhood dropped 12% in its trading...
Jul 25, 2021 | Weekly Cache
Last week saw a fair bit of news pertaining to Canadian VC activity, including a shout out from market intelligence firm CB Insights, indicating data indicates that Canadian startups this year have already raised more than double their 2020 totals. The same data set...
