funded's blog

Sutus raises further $4.5 Million funding and hires new CEO

Company:
Sutus Inc
Deal Amount:
$4Million

Award-winning Telephony and IT services appliance vendor reaches milestones to unlock $2 million equity tranche and secures additional $2.5 million in debt financing

C.A. Bancorp Inc. Announces $6 Million Investment in Digital Payment Technologies Corp.

Company:
Digital Payment Technologies Corp.
Deal Amount:
$6Million

November 4, 2008, Vancouver, BC — Digital Payment Technologies Corp. (DPT), a leading supplier of advanced multi-space parking meters and revenue-management solutions for the global parking industry, is pleased to announce a $3,000,000 investment and conditional commitment for an additional $3,000,000 into the company by C.A. Bancorp Inc. (TSX: BKP) (“C.A. Bancorp”)

NxtGen Emission Controls Inc. Announces the Close of a $15.4 Million USD Series “B” Investment Led By Altira

Company:
NxtGen Emission Controls Inc.
Deal Amount:
$15Million

NxtGen Emission Controls Inc. announced today the closing of a $15.4 million USD Series B investment led by Altira Group LLC.

NxtGen is an emerging leader in syngas technology for diesel engine combustion optimization. NxtGen’s technology is making existing and new engines cleaner to meet global emission reduction regulations. It provides a platform for advanced emission and combustion technologies for multiple fuels, including diesel, biodiesel, natural gas and gasoline.

The announcement was made by Jeremy Holt, president and chief executive officer of NxtGen.

Yaletown Venture Partners Launches $100 Million Second Fund

Deal Amount:
$100Million

Vancouver-based Yaletown Will Continue Investing in Early-Stage Clean-tech & IT Companies in Western Canada and the Pacific Northwest

Early-stage venture capital firm Yaletown Venture Partners, an established Vancouver-based team investing in clean energy technology and information technology companies in Western Canada and the Pacific Northwest, today announced a $65 million initial closing on Yaletown Ventures II Limited Partnership.

Response Biomedical Completes Initial Closing of an expected $5.0 Million Financing

Company:
Response Biomedical
Deal Amount:
$5Million

VANCOUVER, Oct. 28 - Response Biomedical Corporation (TSX: RBM, OTCBB: RPBIF) (the "Company") today announced that it has completed an initial closing of the financing announced on October 14, 2008 and amended on October 17, 2008, raising gross proceeds of $4.66 million. The closing involved a brokered and non-brokered private placement of 31,084,435 units at a price of $0.15 for each unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each full warrant is exercisable for one common share at a price of $0.20 per share.

Response Biomedical Announces $5.5 Million Financing

Company:
Response Biomedical
Deal Amount:
$5Million

VANCOUVER, Oct. 14 - Response Biomedical Corporation (TSX: RBM, OTCBB: RPBIF) (the "Company") today announced that it has entered into an agreement with Haywood Securities Inc., as agent, pursuant to which the Company has agreed to offer for sale, on a best efforts basis and by private placement, an aggregate of 30,555,556 units at a price of $0.18 per unit, each unit consisting of one common share and one-half of one common share purchase warrant, for gross proceeds of approximately $5.5 million.

OneMove(TM) Closes Previously Announced Non-brokered $565,000 Private Placement

Company:
OneMove Technologies Inc.
Deal Amount:
$0Million

OneMove Technologies Inc. ("OneMove" or the "Company") (TSX-V: OM), a provider of a leading web-based real estate transaction platform, announced today that its previously announced non-brokered private placement was fully subscribed and closed on September 4, 2008.

QLT Completes Cdn$65.5 Million Real Estate Transaction

Company:
QLT Inc
Deal Amount:
$65Million

VANCOUVER, CANADA—QLT Inc. (NASDAQ: QLTI; TSX: QLT) announced today the closing of its previously disclosed agreement to sell the land and building comprising its corporate headquarters and the adjacent undeveloped parcel of land in Vancouver, British Columbia to Discovery Parks Holdings Ltd., in its capacity as trustee of Discovery Parks Trust and Discovery Parks Trust 2 (“Discovery Parks”), for Cdn$65.5 million.

IWG COMPLETES $500,000 PRIVATE PLACEMENT, WELCOMES THE PENDER GROWTH FUND AS A NEW INVESTOR

Company:
International Water-Guard
Deal Amount:
$0Million

September 2, 2008 - Burnaby, BC, Canada - International Water-Guard Industries Inc. (IWG) has closed a private placement of $500,000, President & Chief Executive Officer David C. Fox announced.

OneMove(TM) Announces Amendments to Previously Announced Non-brokered Private Placement

Company:
OneMove Technologies Inc.
Deal Amount:
$0Million

VANCOUVER, Aug. 22 - OneMove Technologies Inc. ("OneMove" or the "Company") (TSX-V: OM), a provider of a leading web-based real estate transaction platform, today announced amendments to the terms of the non-brokered private placement the Company previously announced on June 26, 2008.

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