After buying Cyclica and Valence, Recursion secures $50 million USD from Nvidia for AI drug discovery
The US biotech firm opened a new Canadian HQ in Toronto last month.
Ditch Labs secures $3.25 million to treat nicotine addiction with tech
Montréal startup set its sights on a massive public health issue.
BDC shares more detail on $100-million Thrive Lab, including $35-million co-investment commitment
Initial phase will focus on early-stage, women-led businesses with social impact.
WonderFi, Coinsquare, CoinSmart merge as landmark Canadian crypto deal closes
The merger comes during a challenging time for the crypto industry.
Sampler acquires AdMass’s tech, founders to add AI, user-generated content to its product sampling platform
The deal marks Sampler’s second acquisition in four months.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
Shakudo closes $9.5-million CAD Series A to help companies adopt generative AI
GreatPoint-backed Shakudo is led by AI experts from Georgian, Borealis AI, and BMO.
GeologicAI closes $30-million USD Series A to develop AI-powered robot geologists
Bill Gates-founded Breakthrough Energy Ventures has bet on GeologicAI’s bots.
TIMIA Capital and Arena Investors aim to fill SVB lending gap with new $100-million USD venture
TIMIA looks to double loan book as cooling VC market creates “significant opportunity.”
PitchBook analysts say 2023 VC funding is “pretty much shot,” long-term recovery appears likely
PitchBook analyst: “It’s not going to be a six-month turnaround.”
ApplyBoard co-founder launches Passage to address Canada’s skilled worker shortage with $40-million seed round
Ex-ApplyBoard CEO plans to finance skilled immigrants that meet Canada’s workforce needs.
Canadian-led, California-based Joyful Ventures closes $23 million USD to back sustainable protein startups
Joyful has backed two firms with Canadian roots: New School Foods and Orbillion Bio.
Neo Financial launches secured credit card to help Canadians build credit
The product launch comes as Neo navigates a tough consumer-banking market.
Gaming and esports tech firm Swarmio files for creditor protection
Swarmio Media has announced that it is seeking creditor protection. The Halifax-headquartered gaming tech firm has filed an…
Altis Labs closes $7.9 million CAD to evaluate cancer treatments using AI
Altis has worked with UHN, Sunnybrook to develop its cancer imaging database.