Champagne, Conservatives point fingers as Canadian cleantech startups suffer continued SDTC funding delays
Startups face layoffs and cancelled contracts to cover SDTC financing shortfalls, BetaKit has learned.
Information VP forgoes fourth fund in favour of SPV-style investing
GPs attribute change to VC market conditions and personal factors.
Feds announce $4 million for Atlantic Canada tech startups through ACOA
Eight of the 10 startups are Nova Scotia-based, including Milk Moovement and UpBeing.
Diagram Ventures beats target to close first ClimateTech Fund at $80 million
Sagard-backed firm will apply FinTech-honed venture builder model to cleantech.
Repeat founders return with $1.1 million to help AI SaaS companies launch API integrations through Unified.to
Pereira and Alexey Adamsky return with former CalendarHero colleagues and backing from LOI Venture and DevCap.
NACO launches fellowship program with national innovation orgs
Government-backed initiative to match founders with leaders at Interac, Loblaw Digital, National Bank, and more.
Iris Booth appoints Shopify director Brandon Ghaeli as CEO
Ghaeli to replace founder Sue Siri following recent acquisition.
GreenSky’s $15-million first close of Fund VI puts VC firm in rare company
Research indicates only one percent of Canadian VC firms have graduated to a sixth fund over the past decade.
Lightspeed confirms strategic review of business as company reportedly explores sale
Investors react favourably as Lightspeed’s share price has risen over 17 percent.
Universe alums aim to leverage developer infrastructure experience with Bemi
Bemi announces $1.2 million in funding to help companies track data changes in Postgres.
Former CVCA chair alleges CEO Kim Furlong “appeared unwilling or unable to advocate” for membership in meeting with foreign LPs
CVCA insists it remains dedicated to championing Canada following Peter van der Velden’s public comments.
Motion closes $30-million USD Series B in bid to become “command centre for creative strategists”
Inovia-backed startup’s software enables creative strategists to turn data into ad ideas.
BDC appoints Geneviève Bouthillier as head of BDC Capital amid “uncertain market conditions”
Bouthillier replaces Jérôme Nycz as VC lead following his sudden departure after 22 years at BDC.
OMERS Ventures to be moved under new Private Capital group run by Michael Block
Reorg follows PE head retirement, tasking Block with overseeing portfolio that includes venture, green tech, growth.
Amplitude Ventures, Gates Foundation lead Radiant Biotherapeutics’ $35-million USD Series A
Amplitude-created biotech startup with scientific roots in SickKids and U of T aims to advance new disease therapies.