DWL secures financing deal

Article Abstract:

DWL Inc., a Toronto-based maker of corporate software is to announce the receipt of $31 million (U.S.) in financing from MMC Capital Technology Fund II Inc. and Insight Venture Partners. The research firm of McDonald & Associates reports there were 1,441 venture capital deals in Canada last year, totaling $6.3 billion (Canadian).

United States, Reports, Investments, DWL Inc., MMC Capital Technology Fund II Inc., Insight Venture Partners, American Business Network and Associates Inc.

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Venture capitalists profit in tech sector

Article Abstract:

A new report has found that investments by venture capital companies have doubled in 1999 compared with 1998. The survey, which was conducted by the Canadian Venture Capital Association, said that the average amount invested by Canadian venture capital firms is $2.75 million.

Sales, profits & dividends, Surveys, Canadian Venture Capital Association

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Classwave Wireless wins venture capital deal

Article Abstract:

Classwave Wireless Inc. recieves $5-million in first round financing from XDL Intervest Capital Corp. aiding its development of wireless software and the move towards its initial public offering.

Telephone and telegraph apparatus, Computer network equipment industry, Network hardware industry, Wireless modems, Classwave Wireless Inc., XDL Intervest Capital Corp.

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