Canadian startup news of the week (2/13/22)
Plus: D-Wave looks to go public.
F|T: The FinTech Times – Bitcoin’s Bonnie and Clyde
Plus: Tories push Trudeau for plan to lure crypto investment.
Potential Motors closes $4 million CAD to improve off-road electric vehicle performance
The startup focuses on “the most overlooked space in electrification.”
H|T: The Healthtech Times – PointClickCare’s audacious acquisition
Plus: Remote patient monitoring is raking in venture funding.
Montréal Inc and Bonjour Startup Montréal merge, become Startup Montréal
The new org will have “a substantially greater impact,” says Startup Montréal.
Odaia secures $17.5 million CAD to help pharma firms focus their sales and marketing with AI
Odaia aims to be a “one-stop shop” for pharma data analysis.
R|T: The Retail Times – Lightspeed’s Age of Dax is over
Plus: Amazon confronts pandemic costs and raises the price of Prime.
SVB reports Canadian tech startups drew record $16 billion in investment in 2021
Canadian tech almost tripled 2020’s funding numbers.
A|I: The AI Times – Cruise cruises to deployment
Plus: DeepMind’s AlphaCode AI writes code at a competitive level.
Coveo sees 39 percent year-over-year revenue growth in “record” Q3
This is the first earnings report since Coveo went public on the TSX.
EDC makes COVID-19 investment matching program permanent, expands eligibility
Since 2020, the program has invested a total of $223 million in 84 Canadian companies.
S|W: The SaaS Weekly – Does Citrix + Tibco = SaaS powerhouse?
Plus: 6 reasons Meta is in trouble.
Dozr raises $27.5 million in Series B funding to support US expansion plans
The heavy equipment rental startup aims to replicate its Florida playbook in other markets.
iGan Partners, Faisal Belhoul launch Arabia medtech fund with $250 million USD target
The fund has invested in Okadoc, Exact Imaging, eSight, and MolecuLight.
F|T: The FinTech Times – Can Koho disrupt Canadian banking before Wealthsimple disrupts them?
Plus: Coinbase adds Shopify CEO to board of directors.