blue HF is a unique boutique business law firm providing corporate, commercial and transactional legal services to VCs, SMEs and startup companies, with a focus in the infotech, social media, gaming, hardtech, cleantech and life science sectors.


What we do best

Our team

blue HF as in “Hip Firm”, “Highly Focused” and “Happy Few”?
Pretty much the best description you can give of our team!


Frédéric Dionne


Fred is an entrepreneur, dedicated to blue HF, and strives to maintain the essence of one of its founding stones: to make blue HF a very special place in Montreal’s legal community.


Julien Saulgrain


Not only is Julien our beloved managing partner, a great tech and corporate lawyer and our resident musician, but he also serves as our CWO (Chief Wine Officer) of great talent!


Raphaël Voscorian


Raphaël is every client’s dream: he is a devoted, pragmatic and street-smart lawyer who gets things done!

Photo Karen

Karen Park


Recent deals
& twitter feed

Here is a glimpse of what’s going on with us these days. You’ll find information on
our most recent (disclosed) transactions as well as our tweeter feed.

Recent Deals

Descours & Cabaud acquires a stake in Outil Pac and further expands its presence in Canada
May 19, 2015
Descours & Cabaud (France), a leader in the distribution of materials for the industry and construction sectors acquires a stake in Outil Pac, a Quebec company, based in Montreal, Quebec city and Danville.
ConcoursMania acquires several web sites from Mastodonte
March 17, 2015
ConcoursMania, a European leader in online marketing games, listed on Alternext (France), has acquired several websites from the web agency Mastodonte. blue HF acted for ConcoursMania.
Flatbook raises a $3M financing
February 26, 2015
Flatbook raises a $3M financing. Blue HF represented Real Ventures, BDC Capital and a group of Angel investors and Fasken represented Flatbook.
Comet Biorefining Secures Funding Led By Sofinnova Partners
February 25, 2015
Comet Biorefining, a world leader in production of high-quality cellulosic glucose, secures funding led by Sofinnova Partners. blue HF acted for Sofinnova, and Lerners (London, Ontario) acted for Comet Biorefining.
Gymtrack raises a $2.5M financing
February 23, 2015
Gymtrack raises a $2.5M seed financing from WhiteStar Capital, Real Ventures and BDC Capital. blue HF acted for the investors and Labarge (Ottawa) acted for Gymtrack
Emerillon Capital and Desjardins – Innovatech invest in CM Labs Simulations
January 30, 2015
CM Labs closes a financing round led by Emerillon Capital and Desjardins - Innovatech. blue HF acted for the investors; Holmested & Associés and BCF acted for CM Labs.
Nimble raises a $250k seed financing
January 23, 2015
Nimble raises a $250k seed financing. Blue HF represented Real Ventures and RezLegal, LLC represented Nimble.
POKA raises a $2.5M financing
January 21, 2015
POKA raises a $2.5M financing. Norton Rose represented POKA and blue HF represented iNovia Capital and SoftTech VC
Debiopharm and Emerillon Capital invest in GenePoc
January 14, 2015
GenePoc (a Canadian company which has developed a rapid, innovative, low cost MDx platform for the detection of infectious disease) closes an investment round led by Debiopharm (Switzerland) and Emerillon Capital (Canada). Norton Rose represented GenePoc and blue HF represented Debiopharm and Emerillon Capital
August 7, 2014
Provender closes a $800K seed round. blue HF represented Real Ventures and BDC Capital.
MSBiV and Aligo
July 1, 2014
Valeo Management and MSBiV announced the creation of Aligo Innovation to valorize the intellectual assets of its academic partners. blue HF acted as special counsel to MSBiV and Fasken acted for Valeo and the newly formed Aligo entity.
BitLit Media
May 22, 2014
Vancouver based BitLit closes a seed round of financing with BDC Capital. blue HF represented BDC Capital.
March 24, 2014
Telus acquires Quebec based Enode. Robinson Sheppard Shapiro represented Telus and blue HF represented Enode.
February 25, 2014
ALTEN Canada acquires Consultem, a consulting firm in IT. BCF represented ALTEN and blue HF represented Consultem.
Lagoa raises a $5.3M financing
December 10, 2013
Lagoa (3D Multi-Optics Rendering Engine) raises $5.3M series A round. Osler acted for the investors and blue HF acted for Lagoa.
Sky Motion
November 7, 2013
AccuWeather acquires Sky Motion Research Inc. Stikeman acted for AccuWeather and blue HF acted for Sky Motion.
MFive Labs
November 5, 2013
MFive Labs closes a $500k financing round with Real Ventures, BDC Capital and other investors. blue HF acted for Real Ventures and BDC Capital; Fasken Martineau acted for MFive Labs
Visicom Media
October 2, 2013
Visicom Media Inc. acquires Manycam LLC, a developer and distributor of webcam driver software. IJW Management Inc. acted as the exclusive financial adviser to Visicom Media Inc., and blue HF and Strasburger & Price, LLC were legal advisers. Moster, Wynne & Ressler acted as legal advisers to Manycam,LLC.
2013 Profit 50
September 4, 2013
Profit 50: blue HF has counseled investors of the first (Chango) and counseled the second (Pure) in many (complex) deals!
July 19, 2013
Lightspeed Retail closes a financing round with iNovia Capital. Osler (Ottawa) acted for Lightspeed and blue HF acted for iNovia.
Startup Package
June 5, 2013
Introducing our startup package. There's never been a better time to get your startup off the ground. Like hot bread coming out of the oven, you should jump on it ;-)
May 29, 2013
Busbud raises a $1M seed round led by iNovia Capital and Real Ventures. blue HF acted for the investors.
April 22, 2013
Alyotech (France) sold its 4 Canadian subsidiaries (including Groupe conseil OSI) to Investissement Québec, Capital régional et coopératif Desjardins (CRCD) and members of the management. blue HF acted for the vendor. Heenan Blaikie acted for the buyers and Lavery, de Billy advised the companies.
Tibal Nova sold to HMH
April 10, 2013
Houghton Mifflin Harcourt acquires Tribal Nova. Stikeman Elliott (Montreal, New York) acted for the purchaser. blue HF acted for Tribal Nova and its founders while Stewart McKelvey (Halifax) and Norton Rose (Montréal) advised certain other selling shareholders.
LVL Studio
March 18, 2013
LVL Studio raises a $5M financing. blue HF acted for Emerillon Capital and Desjardins. Boivin Desbiens Senécal Chalifour acted for LVL Studio.
March 12, 2013
Pressly raises a $1.5M round of financing. blue HF acted for iNovia Capital and OMERS Ventures.
blue HF in the news
February 25, 2013
blue HF in Droit-Inc.
November 15, 2012
Anges Québec members and the Anges Quebec fund invest $1.25M in Fortem and its 3D security Omnipresence software. Clot et Associés acted for the investors and blue HF acted for Fortem.
November 13, 2012
BrassCo Capital invests in GTechna. Legault Joly Thiffault acted for GTechna and blue HF acted for BrassCo Capital.
Execution Labs
November 8, 2012
Execution Labs raises $1.4M to incubate indie mobile game studios in Canada. Osler (Montreal) represented the investors including BDC Venture Capital and Real Ventures and blue HF represented Execution Labs.
M&A – Medical Clinics
October 31, 2012
A group of doctors, managers and investors acquires two medical clinics in Montreal (Canada). blue HF acted for the purchasers. The parties and amounts to the transaction remain undisclosed.
M&A – Distribution
October 9, 2012
A purchaser, financed by sub-debt, acquires an electronic product distribution company. blue HF acted for the purchaser and DWPV acted for the vendors. Parties and amounts remain undisclosed.
Luxury Retreats
September 18, 2012
Luxury Retreats closes a $5 million round of financing from iNovia Capital. Heenan Blaikie acted for Luxury Retreats and blue HF acted for iNovia.
July 11, 2012
RedPrairie acquires Planora. DeGrandpré Chait acted for Planora, Fried Frank (New York) acted for RedPrairie and blue HF acted for Real Ventures, a shareholder of Planora.
Solar Pure Energies
July 9, 2012
Pure Energies Acquires One Block off the Grid. blue HF acted for Pure Energies.
TVM Capital
May 28, 2012
Teralys Capital and Eli Lilly and Company invest in a new $150 million fund dedicated to the life sciences sector. Osler acted for Teralys, McCarthy Tétrault acted for Eli Lilly and blue HF acted for TVM Capital, the fund manager.
Get Me Listed
May 1, 2012
Real Ventures completes a series A financing in the capital of Get Me Listed. Labarge Weinstein acted for Get Me Listed and blue HF acted for Real Ventures.
Tribal Nova
March 7, 2012
Bayard takes a minority position in the capital of Tribal Nova. Norton Rose has acted for Bayard and blue HF for Tribal Nova.
Ex Ludus
February 13, 2012
Ex Ludus Technologies closes an additional round of equity financing. blue HF acted for Ex Ludus.
Reflex Photonics
February 8, 2012
Reflex Photonics closes an additional equity and secured debt financing. blue HF acted for Reflex.
YWire – Cycle C3E
December 16, 2011
YWire, a cleantech company, closes a $1.25M round from Cycle-C3E and additional funds from angel investors. blue HF acted for Cycle-C3E and Osler acted for Ywire.
Virtual Paper
December 15, 2011
Virtual Paper, a digitial publishing solution company, raises a $1.3M financing round from angels of the Anges Québec network, fondaction CSN, Fonds Soutien Relève and é?cho Capital. blue HF acted for the company; Clot & Associés for the investors.
December 1, 2011
Real Ventures completes a Series A financing in the capital of Unbounce. Fasken (Vancouver) acted for Unbounce and blue HF acted for Real Ventures.
October 20, 2011
Triomed acquires the assets of SafeLife and raises a $8.5M round from Canadian and US investors. Covington & Burling acted for the company, Morency Avocats acted for Fondaction and blue HF acted for VCIC.
October 19, 2011 raises seed capital from Real Ventures. Wildeboer Dellelce represented and blue HF represented Real Ventures.
October 5, 2011
CoolIT closes a $6.2M Series B Financing. blue HF acted for CoolIT and Blank Rome for the investors.
September 20, 2011
Caristix closes seed funding round from Real Ventures and Anges Québec Angel Investors. Stein Monast (QC) acted for Caristix, McCarthy Tétrault (QC) acted for the Anges Québec investors and blue HF acted for Real Ventures.
August 30, 2011
Woozworld raises $6 million to expand services and its market reach. blue HF acted for the investors.
Gil-Michel Garcia
August 1, 2011
We are pleased to announce that Gil Michel-Garcia has joined blue HF as partner. Gil specializes in cross-border venture and private equity transactions.
June 30, 2011
blue HF acted for an investment fund, which was co-investor with Canadian and US investors, in connection with a management buyout of a US and Canadian based, health science company.
April 13, 2011
A client of blue HF, SHED, creates a Canadian buzz with the launch of 3D ads for IGA.
Orion Software
April 4, 2011
Orion Software completes a management buy-out. blue HF acted for the management and BLG acted for the vendors.
February 3, 2011
French, an interactive ad agency, launches its operations. blue HF is the legal counsel of French.
Real Ventures
January 20, 2011
Real Ventures announces their first two investments: Fabric Technologies and DokDok. blue HF acted for Real Ventures and LaBarge Weinstein acted for Fabric and DokDok.
January 10, 2011
Logi-D raises $5M from VCIC and Telesystem (via Propulsion Funds). blue HF acted for VCIC and Propulsion, M Cordeau Avocats (Michel Cordeau) acted for Propulsion and La Roche Rouleau (Michel Cloutier) acted for Logi-D.
Anomalous Networks
December 14, 2010
Anomalous Networks Secures New Round of Financing From BlackBerry Partners Fund. blue HF acted for the BlackBerry Partners Fund and Labarge Weinstein acted for Anomalous.
November 24, 2010 closes a $2.3M financing. blue HF acted for iNovia Capital and Venture Law Associates LLP acted for
Odacia Studio
October 27, 2010
Odacia Studio closes an equity financing and co-launches blue HF acted for the investors.
Standout Jobs
October 19, 2010
Standout Jobs sells substantially all of its IP to Talent Technology. blue HF acted for the vendor.
September 30, 2010
Nanoledge completes a new venture capital financing. blue HF acted for Nanoledge.
Lagoa / Autodesk
September 10, 2010
Autodesk Announces Licensing of Lagoa Multiphysics for Softimage 3D Software. blue HF acted for Lagoa Technologies and Thiago Costa.
Acquisition of Consultem
August 5, 2010
Kotient Consulting acquires Consultem. blue HF acted for the purchaser and Fasken Martineau acted for Consultem and the seller.
August 3, 2010
StatusNet raises new round of capital led by FirstMark Capital. blue HF acted for iNovia Capital, McMillan for FirstMark Capital and Ravinsky Ryan for StatusNet.
June 30, 2010
Chango completes $1.4 million Series A financing and Opens NY Office. blue HF acted for iNovia Capital and Gowlings acted for Chango.
April 30, 2010
Woozworld spins off from Tribal Noval and secures $3 million series A financing. blue HF acted for iNovia Capital, ID Fund and Woozworld. McMillan acted for Tribal Nova, BLG acted for DHX and Morency Avocats acted for the Business Development Bank of Canada.
March 16, 2010
Nanoledge closes an additional financing round by way of a convertible loan. blue HF acted for Nanoledge and M Cordeau Avocats acted for the investor.
Pure Energies
March 10, 2010
Solar Panel start-up to install residential rooftops under the MicroFIT Program (Ontario)
Reflex Photonics
March 1, 2010
Reflex Photonics Inc. closes an additional convertible debenture financing from an European investor. blue HF acted for Reflex and Miller Thomson Pouliot acted for the investor.
Décarie Borreman
February 8, 2010
Décarie Borreman, a new executive search firm and a client of blue HF, opens its doors in Montreal
Ex Ludus
January 12, 2010
Ex Ludus closes an additional convertible debenture financing. blue HF acted for Ex Ludus.
Reflex Photonics
October 30, 2009
Reflex Photonics Inc. closes an additional convertible debenture financing. blue HF acted for Reflex.
October 23, 2009
Metafoam closes financing round. Blue HF acted for the investors. Osler acted for Metafoam.
October 21, 2009
Chango closes Series A Financing. Blue HF acted for the investors. Gowlings acted for Chango.
October 7, 2009
Mimetogen Pharmaceuticals Completes Key Equity Financing. Blue HF acted for the Investors. Osler acted for Mimetogen.
August 31, 2009
Acquisition of substantially all of the assets of a telemarketing business. Blue HF acted for the acquirer.
Promotions VPS
August 31, 2009
Senior Debt financing and acquisition of all of the issued and outstanding shares in the capital of Promotions VPS. Blue HF acted for the acquirer.
Tribal Nova
April 16, 2009
Tribal Nova Closes a $3 Million Financing. Blue HF acted for the investors. McMillan acted for Tribal Nova.
CoolIT Systems
March 24, 2009
CoolIT Systems Closes $6.2 Million financing Capital plan supports mainstream performance-computing adoption of liquid cooling. Blue HF acted for the investors.
Tynt Multimedia
March 2, 2009
Tynt Multimedia Closes $5 Million Series A Investment. Blue HF acted for the Investors.
Airborne Mobile
January 12, 2009
Airborne Mobile Closes $2 Million Growth Financing Round. Blue HF acted for iNovia Capital. Stikeman Elliott acted for Airborne Mobile.
September 30, 2008
Nanoledge Raises New Financing and Relocates to Canada. Blue HF acted for the investors. BCF acted for Nanoledge.
Ryma Solutions
August 7, 2008
Ryma Solutions closes $7M financing round. Blue HF acted for the investors. McMillan acted for Ryma.
October 26, 2007
SiXtron raises CDN $10M for thin film solar cell coatings. Blue HF acted for Sixtron. Osler acted for the Investors.

Get in touch

Give us a call or drop us an email. It will be our pleasure to discuss your business projects over a nice little cappuccino.


204 Notre-Dame West, Suite 350
Montreal (Quebec), Canada
H2Y 1T3


T: 514.667.7010
F: 514.907.9363