CarbonCure wins global Carbon XPRIZE competition
Dartmouth, Nova Scotia-based cleantech startup CarbonCure Technologies has taken home $7.5 million USD after winning the grand prize at the NRG COSIA Carbon XPRIZE…
Facedrive provides new information on company operations following OSC request
Toronto-based ride-sharing company Facedrive recently provided what it called “clarifying information” on its acquisitions and projects launched in the third and second quarters of…
Kitchener-Waterloo’s Magnet Forensics looks to raise $90 million CAD in IPO
Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO)…
Indigenous Growth Fund raises $150 million in first close to support Indigenous entrepreneurs
A social impact fund dedicated to Indigenous entrepreneurs has raised $150 million in its first close. The fund, called the Indigenous Growth Fund (IGF)…
Following a year of growth, healthtech startup My Intelligent Machines raises $5 million
My Intelligent Machines (MIMs), a healthtech and artificial intelligence startup based in Montréal, has raised $5 million CAD in equity financing. The round was…
Shopify CTO Jean-Michel Lemieux one of three execs to depart company
Three Shopify executives are set to depart their roles from the company. Jean-Michel Lemieux, the chief technology officer of Shopify, and chief talent officer…
OKR Financial launches $150 million fund to help early-stage startups access funding, loans, grants
Calgary-based debt and financing advisor OKR Financial has launched a $150 million fund aimed to support early-stage technology startups in Canada in accessing funding,…
goeasy to acquire LendCare for $320 million
Toronto-based FinTech company LendCare, which offers financial services and point-of-sale solutions for businesses, is set to be acquired by financial services company goeasy for…
Content creation platform ContentFly raises $11.2 million CAD Series A round
Toronto-based ContentFly, which offers an on-demand content creation platform, has closed an $11.2 million CAD ($9 million USD) Series A round of funding. The…
Deeplite raises $7.5 million CAD seed round to optimize deep neural networks
Montréal-based Deeplite has raised $7.5 million CAD ($6 million USD) in seed funding as the startup looks to accelerate its software that optimizes deep…
Shopify, Ledger named in new class-action lawsuit following 2020 data breach
Shopify and cryptocurrency hard wallet company Ledger have been hit with a class-action lawsuit in relation to a 2020 data breach that impacted a…
AngelList launches new Roll Up Vehicles fundraising tool available to Canadian founders
AngelList, a United States-based startup investment platform, has launched a new product aimed to help early-stage founders efficiently raise capital online. The tool, called…
TEC Edmonton to cease operations on June 30
TEC Edmonton, a business incubator jointly run by the City of Edmonton and the University of Alberta, is set to cease operations on June…