Funding Roundup: Sampler, Terramera, Peraso
The past week saw a handful of Canadian tech companies raise large funding rounds, ranging from a few million dollars all the way up to $40-million-plus. Take a look and catch up on the funding news you may have missed.
Sampler
Sampler has raised a $3 million funding round led by BDC Capital’s Women in Technology Fund and Shipfusion, with participation from Factory LLC and Standup Ventures and other existing and strategic investors including Freycinet Ventures and Mars IAF. The Toronto-based Sampler specializes in, just as their name implies, a direct-to-consumer sampling platform. Their clients include massive brands like Unilever, Nestle and Henkel.
“Over the last year, we’ve seen the demand for our platform skyrocket as brands have rediscovered how powerful product sampling can be when combined with modern digital marketing practices,” said Sampler’s founder Marie Chevrier. “Sampler has been at the forefront of this shift and we’re ready to grow with the increased demand.”
Peraso
Peraso has raised $42 million in financing led by two strategic investors in addition to the company’s existing investor Roadmap Capital. The Toronto-based Peraso is a fabless semiconductor producer that also develops mmWave technology solutions. They are looking to engage in the next generation of wifi through fixed wireless access and engaging with the uncongested 60 GHz band.
“This latest round of funding reaffirms our investors’ confidence in the progress that the company is making and the future for both Peraso and the quickly expanding market for mmWave technology-based products,” said Bill McLean, president and CEO of Peraso. “Raising this capital allows us to take our sales to the next level, especially as an increasing number of consumer electronic and wireless infrastructure manufacturers choose to incorporate multi-gigabit wireless connectivity into their products.”
Terramera
Terramera has raised $13 million ($10 million USD) in growth capital from BDC’s Cleantech Practice. The money will come in the form of subordinated debt and allow for Terramera to research and develop plant-based substitutes for chemical pesticides.
“Our goal is to help increase global agriculture yields by 20% while reducing the synthetic chemical load in agriculture by 80 per cent by 2028, positively impacting the lives of at least a billion people and the economics of agriculture,” aid Karn Manhas, founder and CEO of Terramera. “Working to achieve these goals is imperative to feed the world’s growing population with sustainable, regenerative solutions.”
