Waterloo's Sweet Tooth Inc. announced today it has secured $2.25 million in funding. $1.5 million will be in the form of seed financing from OMERS Ventures, the Ontario government funded MaRS Investment Accelerator Fund (IAF) and Points International with an additional $750K is forthcoming from other sources.

Launched in 2009, Sweet Tooth provides a turnkey, user-friendly system for merchants to create 'points' programs and deliver online and in-store rewards to their customers. Sweet Tooth has helped over 1,500 merchants actively engage and reward more than 15 million consumers worldwide.

We first heard about Carbyn being acquired in late January, when buyer Synacor was filing for its initial public offering. This week, the Canadian startup confirmed the deal we had suspected from the US Securities and Exchange Commission.

Synacor is buying Carbyn for $1.1 million. It's paid $600,000 thus far and will pay the remaining $500,000 in April 2013.

This year’s CVCA Annual Conference theme is about “Outperforming the Markets." And as you will notice, the line-up of speakers we pulled together are doing just that, outperforming the markets.

The team at iNovia Capital is proud to be a part of this annual gathering of the most important venture capitalists and private equity managers in the country, and abroad. The CVCA 2012 Conference is being held right in Montréal from May 23 to 25.

This annual conference is the premiere gathering for relationship-building and insight into the current state of Canada’s venture capital and private equity industry. And as Co-Chair of this year’s event, I’m proud to inform you that we are already almost sold-out (95%). With over 600 limited partners, fund managers, and industry influencers from across Canada, the U.S. and around the world in attendance, the CVCA Annual Conference is one of the largest gatherings of the private capital industry in North America.

Toronto's Blueprint announced today the completion of a growth capital round of funding totaling $15.9 million.

The round was led by a new investor - Tandem Expansion Fund, with the participation of existing investors from BDC IT Venture Fund, Walsingham Partners Fund, and several private investors. The money raised will be used to accelerate Blueprint’s growth by expanding sales, marketing and channel partner presence and capacity in USA, Europe and Asia Pacific.

Canadian technology giant Open Text has agreed to acquire EasyLink Services International. The deal is worth $310 million.

Canadians are killing it on Kickstarter. You've all read the story of Waterloo-born startup Allerta and their Pebble watch. They have now raised over $7 million with 18 days left in their campaign making the $10 million mark not out of question.

That kind of success is certainly not the norm on Kickstarter. Crowd-funding projects tend to be a little more grassroots and much more conservative with regards to financial goals.  Vancouver's FlyingFlips Sandals is a perfect example.