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BC Tech Companies Raise Record Setting $9.2 Billion in Over 100 $5M+ Financing Deals in 2021, Top 10 Deals Bring in $5 Billion (Yes Billion)
Friday, December 31, 2021
TELUS International Closed the Largest Tech IPO in TSX History in 2021, Raising $1.36 Billion for the Largest Financing Deal of the Year
Vancouver, BC, December 31, 2021--(T-Net)--BC tech companies have likely set a new record for major financings completed in 2021, with almost thirty $100 million+ financing deals completed over the past year (as reported on by T-Net), and over 100 financings completed in excess of $5 million+ each over the past year, raising a combined total amount of new capital in excess of $9.2 billion.
The top 10 BC tech company financings alone have raised a total $5 billion in 2021, for an average of almost $500 million per deal (with the largest at $1.36 billlion, and the smallest at $289 million), which is a pretty incredible number, and perhaps demonstrating the increasing maturity and sophistication of our growing local tech industry and management teams.
58 BC tech companies raised financing rounds in excess of $25 million each over the past 12 months, and at least 78 companies that T-Net is aware of have raised financing rounds in excess of $10 million this year.
Here are the top 10 BC tech industry financings reported on by T-Net over the past 12 months:
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1. TELUS International Announces Closing of Largest Tech IPO in TSX History, Stock Pops 26% |
Financing Amount: $1.36 Billion CAD |
Burnaby, BC, December 31, 2021--TELUS Corporation (TSX: T; NYSE: TU) and its subsidiary, TELUS International (Cda) Inc. (TSX and NYSE: TIXT) (TELUS International), announced the closing of the upsized TELUS International initial public offering (IPO) of 42.55 million subordinate voting shares at a price of US$25.00 per share. The offering generated aggregate gross proceeds to TELUS International, TELUS and Baring of U.S. $1.06 billion (CAD$1.36 billion). |
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Financing Amount: $702.43 Million CAD ($550 Million USD) |
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Burnaby, BC, December 31, 2021--Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced that it has entered into an agreement with a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc., pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 14,870,000 common shares of the Company at a price of US$37.00 per Common Share for gross proceeds of US $550 million. |
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Financing Amount: $475.85 Million CAD ($394 Million USD) |
Vancouver, BC, December 31, 2021--Vancouver-based identity verification company Trulioo announced today that it has raised a massive $394 million Series-D financing at a new valuation of $1.75 billion. The round was led by TCV, one of the largest growth equity firms, with participation from existing investors Citi, Blumberg Capital, Mouro Capital, and American Express. |
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----------------------------------------------------------------------------- Editor's Note: If we have missed anyone in this list, please email us at technews@bctechnology.com and we will update. ----------------------------------------------------------------------------- ---------------------------------------------------------------------- Note: If you would like to receive a custom report of all of the Top 100 Financings Completed by BC Tech Companies in 2021 (ranked by size of financing amounts completed, and with substantial details on each financing), and/or subscribe to T-Net's private automated 'BC Tech Financing Alert' paid service (receive real time daily alerts by text or email), please contact us. ---------------------------------------------------------------------- |
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Disclaimer: News and information regarding financings and companies on T-Net is subject to continual change without notice and possible errors and/or omissions. Information within this news release regarding recent financing activity in BC is of a general nature intended only for informal informational purposes, and such information should not be relied upon under any circumstances.
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