BDC Capital invests $1M in Celtic House backed Nuvyyo

OTTAWA, February 7, 2019 – BDC Capital’s Growth and Transition Capital division recently provided $1 million in mezzanine financing to Nuvyyo of Ottawa, Ontario. Nuvyyo is the maker of the Tablo brand of digital video recorders (DVR) which enable “cord cutters” to legally record and stream over-the-air (OTA) television programming without a cable subscription. The company was founded in 2010 by Grant Hall, a 25-year veteran of the telecommunications sector. It received Series A backing from Celtic House Venture Partners in 2013. Its latest offering, the Tablo QUAD, was named by Variety Magazine as one of the “five innovations that stole the show” at the Consumer Electronics Show (CES) held earlier this year in Las Vegas.

BDC Capital’s loan is serving as working capital to support several of Nuvyyo’s growth initiatives. “Thanks to this injection of funds from BDC Capital, we are able to rapidly expand production of Tablo DUAL LITE OTA DVRs to fulfill recent orders from a top-tier consumer electronics retailer to supply 1000-plus stores in the U.S., as well as to continue R&D for the company’s next generation products,” says Grant Hall, CEO of Nuvyyo.

The transaction on BDC Capital’s side was led by Robert Shaw, Director, Growth and Transition Capital, Ottawa. “Nuvyyo’s deep and well-rounded management team has kept the company ahead of the curve in the fast-growing international cord cutting market,” says Shaw. “Their success in raising substantial VC funds early on provides convincing validation of the company’s capabilities and technology, and of the importance of the opportunity at hand.”

About Nuvyyo

Nuvyyo, based in Ottawa, Canada, was founded in 2010 with the vision of revolutionizing the home media experience for consumers in the U.S. and Canada. Building on its first media streaming system, in 2014, the company launched Tablo, the Whole-Home OTA DVR for cord cutters that combines the functionality of a DVR with the convenience and mobility of software apps for smartphones, tablets, computers, streaming set-top-boxes, and internet-connected gaming platforms, making it easy to discover, watch and record free over-the-air (OTA) TV anywhere, anytime, on any device. For more information, visit www.tablotv.com.

About BDC Capital

BDC Capital is the investment arm of BDC – Canada’s only bank devoted exclusively to entrepreneurs. With $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers a full spectrum of risk capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses into global champions. Visit bdc.ca/capital.

Auvik Networks Raises $20 Million in Series C Financing

Auvik Networks, a provider of network monitoring and management software for managed service providers (MSPs), has raised CAD$20 million in Series C financing led by existing investor OpenView, with participation from return investors Celtic House Venture Partners and Rho Canada Ventures. Read more

CanvasPop Raises $3.3 Million in Funding Round

CanvasPop, a leading provider of canvas printing and photo gifting services for photographers, digital artists, interior designers and everyday consumers, has raised $3.3 million in a funding round led by Celtic House Venture Partners and BDC’s Growth & Transition Capital group, a division of BDC.

Read more

Auvik Networks Raises $15 Million in Series B Funding Round Led By OpenView

Auvik Networks, a provider of network monitoring and management software for managed service providers, today announced it has raised CAD$15 million in a Series B round of financing.

Envenio secures $1.3 million investment

Envenio has today announced that it has secured investment from Celtic House Venture Partners, Green Century Investments and New Brunswick Investment Foundation, to the value of $1.3 million. 

The Canadian CFD software developer has announced that the funding will be used to grow and strengthen the sales and engineering teams, in line with an ambitious and exciting business plan to increase the use of its cloud-hosted, on-demand CFD platform, EXN/Aero.

Get full details here.

 

FileFacets Announces Investment from NextLaw Ventures

Ottawa, Ontario – March 16, 2017 – FileFacets, a data analytics and content migration software platform, today announced that it has closed an investment from NextLaw Labs through its investment fund, NextLaw Ventures, in the company’s over-subscribed $4 million Series A financing, led by Celtic House Venture Partners.

NextLaw Labs is a business accelerator developed by global firm Dentons focused on investing in, developing and deploying new technologies to transform the practice of law.

Get full details here.

FileFacets Announces $4 Million in Series A Funding

OTTAWA, Nov. 29, 2016 /PRNewswire/ – Data analytics and content migration company FileFacets today announced that it has closed a $4 million Series A financing round led by Celtic House Venture Partners. Also participating in the round were venture capital firms Wesley Clover International and GCI Ventures Ltd. (GCI). FileFacets will use the funds to expand its sales and marketing team in North America and accelerate the growth of its channel sales strategy.

Full details here.

Graphite Software Closes Oversubscribed $8 Million Series B Financing Round

Ottawa, Canada – June 16, 2016 – Graphite Software, a leading mobile virtualization provider, announced the completion of an $8 million Series B round of funding. The round was led by investors from the Beijing-based Zhongguancun Private Equity & Venture Capital Association (ZVCA) and includes participation from Toronto-based strategic investor Green Century Investment and Series A lead investor Celtic House Venture Partners, one of Canada’s most active investors in technology and innovation.

In May, Graphite announced that its Secure Spaces™ Android virtualization platform had launched with Xiaomi’s MIUI 8 and would be deployed to over 150 million devices by year end. Xiaomi, the world’s fifth largest smartphone maker, sold more than 70 million phones in 2015 and has been recognized as one of the most innovative companies in the world. With offices in Ottawa, Sunnyvale and Beijing, Graphite will leverage the new funding to further accelerate the deployment of its virtual phone technology by Android mobile device OEMs worldwide.

Full details here.

Peraso Raises $20M Series C Financing Co-Led by Integrated Device Technology (IDT) and Roadmap Capital

TORONTO, ON, April 21st, 2016 – Peraso Technologies Inc., a leader in Wireless Gigabit (WiGig®) chipsets, announced today that it has raised a $20 million funding round. The round was co-led by US semiconductor company IDT (IDTI on NASDAQ), and existing investor Roadmap Capital (Roadmap), with additional financing from iNovia Capital.

Peraso is in production with WiGig® IC solutions, addressing both next generation WiFi opportunities in the consumer electronics (CE) space, as well as outdoor devices in the 60 GHz wireless infrastructure space. The investment will be used to increase the company’s capacity to address the significant customer interest in all of the targeted market opportunities, including smart phones and virtual reality (VR).

“The interest we’re seeing in WiGig® is tremendous,” said Ron Glibbery, President and CEO of Peraso. “Multi-Gigabit wireless connectivity is something that more and more CE and wireless infrastructure manufacturers are seeking to incorporate in their products.  Raising this capital allows Peraso to take our sales to the next level. Participation by IDT provides further validation of the market opportunity, and continued participation from Roadmap, as well as iNovia, speaks to the tremendous success the company has demonstrated in getting our first ICs to market.”

Full details here.