Innovobot holds initial close of targeted $40 million fund to invest in “deep tech for good”
The fund has secured $14 million from entrepreneurs and family offices.
Statements from Alberta innovation minister cast doubt on return of investor tax credit
Glubish: “the AITC was not working to create long-term sustainable tech companies.”
CommerceBear raises $10.5 million USD to modernize outdated furniture e-commerce market
CommerceBear wants to create easy access to channels like Wayfair.
Avatar Innovations targets $3 million for new decarbonization tech fund
Avatar has secured Cenovus Energy as its lead investor.
Ha Nguyen named McRock Capital’s third partner as firm looks to raise $200 million fund
Nguyen is the first McRock partner in addition to firm’s co-founders.
Prairie tech celebrates its own with Calgary Launch Party, Start Alberta Awards, Startup TNT Summit
Calgary Innovation Week culminates in Launch Party’s full in-person return.
WorkJam closes $50 million USD round co-led by Inovia, Fonds FTQ
WorkJam’s platform is geared towards supporting the frontline workforce.
Teralys receives $40 million from CDPQ in re-up for seed-stage fund of funds
The seed fund of funds comes in addition to Teralys raising a new VCCI-backed fund.
Cyclica receives $2.4 million CAD grant from Bill & Melinda Gates Foundation
The grant is helping develop new, hormone-free contraceptives.
FTX’s fall could have implications for more Canadian orgs than just Ontario Teachers’
Crypto exchange FTX files for bankruptcy in US, CEO Sam Bankman-Fried steps down.
Ontario Teachers-backed FTX plans sale to competitor Binance following liquidity crunch
Ontario Teachers isn’t the only Canadian pension fund to be burned by a bad crypto investment.
Twitter’s mass layoffs hit Canadian office
Unknown at this time how many Twitter Canada employees were affected.
Dapper Labs lays off 22 percent of staff
Vancouver tech startups Dapper and Hootsuite both made layoffs this week.
Hopeful Evernote competitor Nook raises $2.39 million CAD pre-seed round
Ottawa note-taking app’s investors include angels from Apple, LinkedIn, Rewind, Shopify.
BDC commits $400 million for second cleantech-focused fund
Climate Tech Fund II focuses on reducing greenhouse gas emissions.