Federal government updates guidelines on national security reviews of foreign investments
On Wednesday, Innovation Minister François-Philippe Champagne released updated guidelines for national security reviews of…
Ontario Budget 2021 increases commitment to ministry of economic development with focus on pandemic recovery
The Government of Ontario has released its fiscal budget for 2021, committing an increased amount of capital to the ministry…
Travel startup Hopper raises $213 million CAD Series F round
Montréal-based travel startup Hopper has closed a $213 million CAD ($170 million USD) Series F round of funding led by Capital…
Despite pandemic, Canadian VC investment remained high in 2020
Canada experienced its second-highest level of venture capital (VC) investment on record last year, according to the most recent…
Coinsquare reaches agreement with CRA to hand over “limited” client data
Toronto-based crypto startup Coinsquare announced on Tuesday it has entered into an agreement with the Canada Revenue Agency…
Gig economy FinTech startup Payfare closes public offering at $65 million
Toronto-based startup Payfare closed its initial public offering on the Toronto Stock Exchange (TSX) Friday, pulling in $65.4…
Nearing the first close of his $500 million private equity fund, Maverix’s John Ruffolo wants to help build “another 10 Shopifys”
Notable Canadian investor John Ruffolo has pulled the curtain off his new venture, Maverix Private Equity, a private equity…
Sobey family connection might help new LongShot Capital hit with early-stage startups
East Coast entrepreneur Michael Brown and Scotiabank executive Jonathan Sobey have launched a new investment firm that aims…
Vendasta files for public listing on the Toronto Stock Exchange
Saskatoon-based Vendasta, which has created a cloud commerce platform for small and medium businesses, has filed its preliminary…
Inovia Capital raises $450 million Growth Fund II to find another Lightspeed
Inovia Capital has raised $450 million USD for its second growth stage fund as the Montréal-based venture firm aims to build…
Revolut leaving Canadian market
United Kingdom-based FinTech startup Revolut is pulling out of Canada, BetaKit has learned, more than a year and a half after…
Greensoil PropTech Ventures secures around half of $100 million USD target for Fund II
Greensoil PropTech Ventures has secured around $50 million USD in a first close, plus additional commitments, towards a targeted…
Canadian securities regulators issue guidance on improving disclosures of crypto assets
The Canadian Securities Administrators (CSA), an umbrella organization of the provincial and territorial securities regulators,…
D-Wave receives $40 million from federal government for quantum computing tech
Burnaby, BC-based D-Wave Systems has secured $40 million from the Government of Canada to support its quantum computing systems…
Koho secures $70 million Series C to scale adoption of its digital banking services
Koho has secured $70 million CAD in Series C financing, which sources estimate put its post-money valuation at $300 million.…