Loop Energy alerts creditors to restructuring after layoffs, strategic review
TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.
Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa
Startup claims round is the largest secured by a Black woman founder in Canada.
Cohere Series D hits $500 million USD raised at $5.5-billion valuation
BetaKit reported in June that Cohere had secured $450 million with hopes of raising more at a $5-billion valuation.
WonderFi working on Ethereum-based products with new innovation and development arm
Dubbed WonderFi Labs, the new arm is working on a Layer 2 blockchain and non-custodial wallet.
Shoppers Drug Mart strikes commercial partnership with Weston-backed blood-testing startup Truvian
The San Diego-based startup is looking to secure FDA and Health Canada clearance for its blood-testing platform.
Unbounce to merge with California-based Insightly following CEO change
The combined company will have more than 200 employees across Europe and North America, Unbounce says
ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.
Emissions Reduction Alberta commits $44.4 million to 21 cleantech projects
Startups such as Wyvern and Arolytics received funding from ERA’s Emerging Innovators Challenge.
Ocean Startup Project enters third phase with $8 million and economic growth goals
Canada’s Ocean Supercluster wants to grow the nation’s ocean economy by a factor of five by 2035.
PathFactory acquires fellow B2B marketing platform Uberflip in stock-for-stock deal
PathFactory says the combined entity’s customer list includes firms such as Nvidia, Amazon, and Thomson Reuters.
Digital Innovation Cluster invests $15 million into AI megaproject from consortium of Canadian healthtech companies
Partners in the $44-million project include ORX, Well Health, Healwell AI, Tali AI, and Simon Fraser University.
Feds, BC invest nearly $73 million into Aspect Biosystems to establish biomanufacturing facility
The clinical facility aims to be the first dedicated to producing bioprinted tissue therapeutics in Canada.
Point Laz raises $1.2 million to bring mine shaft scanning device to market
The startup said its first 10 commercial scanners are now set to be produced and exported worldwide.
Intuit closes Edmonton office as company-wide layoffs impact 10 percent of employees
Some roles are being consolidated to its Toronto office to “better align” resources, company says.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.