News Summary

Round13 Capital, a Toronto-based venture firm, has entered the venture debt market through the acquisition of TIMIA Group, a Vancouver-based venture debt firm. This move marks Round13’s first foray into venture debt, aiming to provide non-dilutive funding to early-stage Canadian startups. The acquisition allows Round13 to leverage TIMIA’s existing lending platform and address a growing demand for flexible capital among smaller, earlier-stage founders. TIMIA has established over $200 million in loan facilities, supporting 80 portfolio companies and achieving 35 exits. The acquisition positions Round13 to fill funding gaps for businesses that prefer non-dilutive forms of capital over significant equity investments. Under the leadership of new CEO Michael Wallace, formerly of Langhaus Financial Partners, Round13 and TIMIA aim to become the premier private credit platform for technology investments in Canada. Their strategy includes scaling TIMIA’s lending capabilities and maintaining credit quality while engaging with investors, management teams, and Canadian startups to refine their growth strategy.