Organization: Desjardins Venture Capital Group

Meriton Networks scores US$54 million in VC financing

Ottawa-based Meriton Networks has secured US$54 million in series ‘C’ venture capital financing, the largest single VC deal so far this year in Canada. Meriton secured the financing from a VC syndicate led by VantagePoint Venture Partners, San Bruno CA and New York and Nomura International, Hong Kong. The syndicate includes seven Canadian VC firms…

Edgeflow Inc attracts US$24-million private placement

Star-up optical networking firm edgeflow Inc has received a private placement of US$24 million from a syndicate of investors, providing a major boost towards its next milestone of initiating customer trials for its optical add/drop switch (OADX). The investment marks the second financing the Kanata ON-based firm has received in recent months, following a $5.5-million…