Growth Capital • Information Technology

Canadian Business Growth Fund Invests In LifeRaft

On October 28, 2020, growth capital firm Canadian Business Growth Fund invested in information technology company LifeRaft

Investment Context
  • This is Canadian Business Growth Fund’s 5th transaction in the Information Technology sector.
  • This is Canadian Business Growth Fund’s 15th transaction in Canada.
  • This is Canadian Business Growth Fund’s 2nd transaction in Nova Scotia.

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Investment Summary

Date October 28, 2020
Target LifeRaft
Sector Information Technology
Investor(s) Canadian Business Growth Fund
Deal Type Growth Capital

Target Company

LifeRaft

Halifax, Nova Scotia, Canada
LifeRaft is a security intelligence company that enables enterprises to comb the web to identify and monitor potential business and physical security threats. LifeRaft’s critical risk identification software, “Navigator”, provides an integrated suite of investigative features for use cases such as crisis management, critical infrastructure monitoring, executive protection, facility security, fraud prevention, location monitoring and threat detection. LifeRaft is based in Halifax, Nova Scotia.
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Investor Overview 1

Investor
DESCRIPTION

Canadian Business Growth Fund (CBGF) is an independent, evergreen growth?capital investment fund backed by Canadian banks and insurance companies. The Firm looks to provide minority equity investments ranging from CAD?5 to?20?million in mid?market Canadian businesses with solid revenue and growth trajectories. CBGF was formed in 2018 and is based in Toronto, Ontario.


Deal Context for Investor #
Overall 16 of 31
Sector: Information Technology 5 of 8
Type: Growth Capital 12 of 21
State: Nova Scotia 2 of 2
Country: Canada 15 of 30
Year: 2020 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Busbud

Montreal, Quebec, Canada

Busbud enables global travelers to shop for and purchase intercity bus tickets through its booking platform in over 80 countries worldwide, with over 3,900 bus operator partners, serving over 20,000 cities. The company simplifies the way travelers can research, shop for, compare and purchase bus tickets online in the same way they do flights, hotels and tours. Busbud is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 PayBright

Toronto, Ontario, Canada

PayBright is a technology-enabled point-of-sale (“POS”) real-time consumer payments and lending platform. PayBright provides consumer financing for Canadian healthcare procedures that were not covered by insurance benefits. PayBright was founded in 2009 and is based in Toronto, Ontario.

Sell CA$340M