New Brunswick Innovation Foundation, Opportunities NB inject $2-million top-up to Climate Impact Fund
Solutions for low-emission ocean transport and electric motors in cars among past recipients.
Samsung, Hyundai, Kia back AI chip manufacturer Tenstorrent in $100-million USD round
Tenstorrent receives major backing from strategic investors ahead of planned Series D round next year.
Graphite Ventures closes $110-million Fund IV as firm builds its national presence
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
PrairiesCan commits $6.1 million for downtown Calgary innovation hub, local business retention programs
Funded projects are expected to support and create over 1,000 jobs, the government says.
Luge Capital’s David Nault on making investment decisions through the AI hype cycle
Nault: AI is the “latest shiny thing that a lot of people are running after.”
BDC’s Climate Tech Fund backs Carbon Upcycling in new $34.4 million CAD round
Calgary startup claims to reduce the amount of cement used in concrete production by up to 50 percent.
Foxquilt raises $12 million to expand small business insurance solution in North America
Foxquilt uses data analytics and AI to match businesses with insurance products.
Hopper to power travel portal for Brazilian digital banking giant Nubank
Hopper brought travel booking to Uber UK and is now targeting Nubank’s 80 million customers.
Vital Biosciences reveals desktop blood-testing device with funding from OpenAI, Salesforce CEOs
After the bloody mess at Theranos, Vital is among the new wave of startups developing accessible diagnostics.
Shopify reveals AI suite, business credit card, dropshipping-like feature in latest product showcase
Canadian rapper Drake launched his website Drake Related using Shopify Collective.
Review of Alberta Innovates’ Scaleup GAP program shows $147 million raised, 118 jobs created
Scaleup GAP was created in 2021 to bring more tech and business accelerators to Alberta.
Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
Funding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
Canadian tech unicorns Ada, Clio, Lightspeed among first cohort of Canada’s Global Hypergrowth Project
Canada aims to take companies from $1-billion ‘unicorn’ valuation to $1-billion in annual revenue.
Liberum raises $1.8 million for ‘protein synthesis as a service’
The Toronto-based startup creates custom proteins for everything from medical applications to household products.