Organization: Venture Coaches

Skypoint Capital, Venture Coaches merge operations

Two Ottawa-based venture capital firms, Skypoint Capital and Venture Coaches, have merged their operations under the Skypoint Capital name. With US$185 million under management, the combined firm will continue to invest in early stage technology companies in Eastern Ontario and Western Quebec. Claude Haw, founder and managing partner of Venture, will joint Skypoint’s senior management…

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…