Idealist Capital receives $50 million from Canada Growth Fund
Idealist is the first cleantech investor to receive backing from the $15-billion fund.
F|T: The FinTech Times – WonderFi goes international with Australian crypto licence
Plus: Nuvei confirms it is in takeover talks.
FinTech startup VoPay makes inroads in US, UK markets
VoPay has partnered with New Jersey’s Cross River Bank and joined a UK FinTech accelerator.
H|T: The Healthtech Times – Toronto biotech secures $2.2M to treat immune diseases
Plus: Healthcare startup Tempus preps for IPO.
Borderless AI launches from stealth with $27 million for HR assistant
AI-powered product can answer legal, finance, or tax queries in 170 languages.
Rithmik secures $2 million to lower mobile mining equipment emissions
The funding will help increase the startup’s global footprint, establish partnerships, and improve its platform.
R|T: The Retail Times – Loblaw is an everything company, and it isn’t done
Plus: Plenty of Fish founder Markus Frind catches new CEO gig.
Fusion Pharmaceuticals to be acquired by AstraZeneca for more than $2 billion USD
AstraZeneca says the deal marks “a major step forward” in its goal to transform cancer treatment.
NGen launches $100-million sustainable manufacturing challenge, calls for project proposals
The Sustainable Manufacturing Challenge is seeking projects that will support Canada’s net-zero goals.
A|I: The AI Times – Apple scoops up Waterloo startup DarwinAI
Plus: Canada may be losing ground in AI research race.
Busbud continues Latin American expansion with acquisition of Buson
Busbud says it now has over 600 partnerships with bus operators in LATAM.
S|W: The SaaS Weekly – The US could ban TikTok. Will Canada follow?
Plus: MDF Commerce agrees to go private, but some shareholders raise a fuss.
Google Canada provides $2.7 million in research grants to major Canadian AI institutes CIFAR, Amii, CEIMIA
The funding is aimed at supporting research into sustainability and responsible AI development.
Nuvei stock rises as company confirms discussions following report of potential buyout
Nuvei has formed a special committee to evaluate “expressions of interest” the company has seen.
F|T: The FinTech Times – Minerva chases anti-money laundering big leagues
Plus: Open banking framework is coming, but adoption? Not so soon.