Organization: GrowthWorks

BTI raises $23 million in venture financing

BTI Systems has raised US$23 million in capital from a consortium of venture capital investors to further develop its technology for streaming video on existing networks. The financing marks the second time in six months that the Ottawa-based company has raised new capital, following an $11-million round last year. With 220 employees, 14-year-old BTI has…

SiGe Microsystems raises US$19.5 million

Ottawa-based SiGe Microsystems has raised US$19.5 million in expansion financing to fund new product development and support operational growth for booming sales of its integrated circuits and RF front-end modules in the cellular, GPS and WIMAX markets. The syndicated venture capital financing is led by TD Capital Technology Ventures, Prism Venture Partners, VenGrowth Private Equity…

GrowthWorks completes merger of four funds

GrowthWorks has completed its previously announced merger with three other labour-sponsored venture capital funds to create a combined portfolio of more than $800 million in assets. The merged funds are Capital Alliance Ventures Inc, Canadian Science & Technology Growth Fund Inc, GrowthWorks Opportunity Fund Ltd and GrowthWorks Canadian Fund Ltd….