Investment Summary

NorthSpring Capital Partners Invests In Forcen

On May 27, 2019, growth capital firm NorthSpring Capital Partners invested in technology hardware company Forcen

Investment Highlights
  • This is NorthSpring Capital Partners’ 1st transaction in the Technology Hardware sector.
  • This is NorthSpring Capital Partners’ 10th transaction in Canada.
  • This is NorthSpring Capital Partners’ 10th transaction in Ontario.

Investment Summary

Date 2019-05-27
Target Forcen
Sector Technology Hardware
Investor(s) NorthSpring Capital Partners
Deal Type Venture

Target

Forcen

Toronto, Ontario, Canada
Forcen is a Tier 1 manufacturer of complete Force/Torque Sensing Systems and Edge Intelligence for World-Leading Robotics OEMs. Forcen was founded in 2015 and is based in Toronto, Ontario.

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Investor(S) 1

Investor

NorthSpring Capital Partners

Cambridge, Ontario, Canada

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

NorthSpring Capital Partners is a provider of subordinated debt and equity capital to small businesses. The Firm takes minority positions and looks to invest $250k to $1 million to support management buyouts, acquisitions, growth needs, and in select special situations. NorthSpring generally targets 'local' business within a short drive of its office and will consider investing in a variety of industries including manufacturing, distribution and wholesale, business services, and technology. NorthSpring was formed in 2009 and is based in Cambridge, Ontario.


DEAL STATS #
Overall 10 of 15
Sector (Technology Hardware) 1 of 1
Type (Venture) 2 of 7
State (Ontario) 10 of 14
Country (Canada) 10 of 15
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Underknown

Toronto, Ontario, Canada

Underknown is a data-driven digital-first media company that specializes in creating short-form web series for social video platforms. Underknown was founded in 2016 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-31 Yourika

Waterloo, Ontario, Canada

Yourika is a provider of AI-assisted education technology and student support. Yourika was founded in 2018 and is based in Waterloo, Ontario.

Buy -