Organization: Primaxis Technology Ventures

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…

Canadian VC investing in Chantry Networks

Ventures West is leading an $11-million second round private equity financing in Boston-based Chantry Networks, a developer of routed wireless networking technology. The syndicated financing includes Flagship Ventures, Primaxis Technology Ventures and the recently merged Venture Coaches/Skypoint Capital. Chantry has offices in Chicago, Denver, Toronto, New York and San Francisco….

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…

BTI Photonics receives $9.5 million in financing

Ottawa’s BTI Photonics Inc has received $9.5 million from a consortium of venture capital firms to accelerate its transition from a developer of fiber-optic test equipment to optical modules and components for the dense wave division multiplexing (DWDM) market. The financing is being provided by BCE Capital, Lucent Venture Partners, Primaxis Technology Ventures, Kodiak Venture…