Tehama Raises £8M in Series A Funding

Tehama, an Ottawa, Canada-based provider of SaaS tools to deploy a global workforce, raised £8M ($10M) in Series A funding.

The round was led by OMERS Ventures, with participation from BDC Capital’s Industrial, Clean and Energy Technology (ICE) Venture Fund.

Led by Paul Vallée, CEO and Founder, Tehama provides a cloud-based SaaS platform that delivers highly secure virtual offices, rooms, and desktops anywhere in minutes. With no professional services required, no infrastructure to install, no laptops to ship, no networks to retool—Tehama can run in any web browser on any device. Tehama is SOC 2 Type II-certified and ensures high levels of security and compliance via policy controls, activity monitoring, and forensic auditing. Developed at Pythian, a global IT services company founded in 1997 by Paul Vallée, Tehama launched to the public in September 2018, spun out from Pythian in September 2019, and now has more than 150 enterprises using the platform.

Source. FinSMEs, May 5, 2020

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Equispheres Raises $30M in Series B Funding

Equispheres, an Ottawa, Ontario, Caanda-based material science company, raised $30m in Series B funding.

The round was led by HG Ventures, with participation from Sustainable Development Technology Canada (SDTC), BDC, Canada’s bank for entrepreneurs, and other undisclosed contributors.

The round was comprised of:

– $10m in equity investment from HG Ventures,

– $8m dollar grant from SDTC,

– $5m subordinated financing from BDC,and

– $7m in undisclosed funding.

The company intends to use the funds to scale up production, and invest in R&D partnerships in automotive, aerospace & defense industries. Specifically, the areas the company will focus on are:

– Improve reactors for higher volume and lower cost production

– Accelerate research and development projects with strategic partners in the automotive, aviation, space and defense industries

– Hire and develop talent, creating high quality jobs

– Develop application support services for the automotive, aviation, space and defense industries to facilitate advanced manufacturing opportunities made possible with the materials Equispheres has developed.

Led by Kevin Nicholds, President and CEO, Equispheres is a materials science technology company focused on additive manufacturing applications. Equispheres focuses on engineering and providing ultra-high-performance, mono-sized metal powders and invests heavily in R&D around metallurgy and alloy development.

Source. FinSMEs. April 22, 2020

This post was brought to you by Woewoda Communications, your partner in the Canadian startup market; offering strategic communications & public relations services to Canadian startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.

Are you a pre-seed to late stage funded Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience. 

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