Daily Blends raises $2.7 million CAD, signs Metrolinx deal to deploy smart vending machines
Healthy vending machines are coming to public transit stations, college campuses across Canada.
Canadian Startup News
Six months after petition launch, federal minister calls market benefits plan “essential” to Global Talent Stream visa
Employees at VanHack, Hopper, Dapper Labs, others signed a petition that calls the plan “cumbersome.”
Cohere among first investments from Salesforce’s new $250 million AI fund
Salesforce invests in Toronto startup as part of broader generative AI strategy.
Loopio, Reelhouse co-founders launch Barley to help make employee compensation easier, more equitable
Golden Ventures-backed Barley has raised $5.4 million CAD to date.
Adaptis secures $2 million CAD to help building owners move to net zero with AI
“Using deep tech to do deep decarbonization is really where we think the gap is.”
Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A
BDC Capital’s Thrive Venture Fund joined to lead the extension.
Toronto venture funding saw a “return to sanity” in 2022
Toronto tech startups raised a collective $3.7 billion through 154 deals in 2022.
Uplinq partners with World Bank Group-linked global network to educate on financial inclusion
FinTech recently raised $820,000 CAD for its global credit assessment platform.
Able Innovations strikes deal with Ottawa hospital for robotic patient transfer tech
Able Innovations’ robotic medical device addresses problem of patient transfers.
Semiconductor firm GaN Systems to be acquired by Infineon for $830 million USD
GaN Systems CEO says Infineon will enable company “to unleash our full potential.”
Lightspeed COO Brandon Nussey to depart in latest C-suite shakeup
The COO is the latest in a string of exec changes at Lightspeed.
How to build a diverse talent ecosystem for Canada
The race for tech talent is on, and it’s global.
Sonder lays off 14 percent of staff as it aims to become cash flow positive in 2023
Move marks Sonder’s second round of significant cuts since going public last year.
Yoshua Bengio, Element AI co-founders back AI startup Glowstick in $1.3 million round
Current and former Square and Shopify employees also invested in Glowstick.
Fresh Prep acquires fellow Vancouver food delivery startup Peko
Fresh Prep says deal will help the sustainable meal kit company tackle food waste.