Radical Ventures launches $800-million USD AI growth fund
New fund marks Toronto-based Radical’s first that focuses on later-stage AI companies.
Canadian Startup News
Canadian VC investment grows in Q2 but seed funding a cause for concern
CVCA report says PE stays hot as public Canadian tech firms keep going private.
Feds inject $39.2 million into digital literacy program CanCode with renewed focus on AI
CanCode phase four aims to teach digital and AI skills to 1.5 million students and 100,000 teachers.
IRCC takes over sole administration of Start-up Visa Program from NACO, CVCA
IRCC chooses not to renew contracts with industry associations responsible for vetting SUV delivery organizations.
CruxOCM closes $23.3-million CAD Series A led by Microsoft’s venture fund
Investment empowers CruxOCM to bring co-pilot to more energy sector control rooms.
Kraken appoints Alex Mehrdad as new leader of crypto exchange’s Canadian operations
Mehrdad succeeds Mark Greenberg, who was recently promoted to a new global role.
Targeted by activist investor, Bitfarms chairman and co-founder Nicolas Bonta steps down
The board shakeup follows Bitfarms adopting a second ‘poison pill’ after its first was struck down.
BC Securities Commission panel finds crypto platform ezBtc diverted one-third of customer funds to gambling, personal accounts
In one case, BCSC found that a customer’s bitcoin deposit was transferred to a gambling website within 14 minutes.
NGen invests $21.4 million across quantum, space, and EV manufacturing projects
Nord Quantique, Mission Control, among project partners supported by the federally backed innovation cluster.
Marketing platform MaxBounty acquired by German ad firm Mrge
MaxBounty is the second Canadian company acquired by a Mrge in just over a year.
Feds reveal new changes to Canadian Entrepreneurs’ Incentive as part of capital gains tax overhaul
Government proposes to cut the incentive’s rollout period in half.
Merchant-focused FinTech startup Sona acquired by Celero Commerce
Bootstrapped Nova Scotia startup to boost Celero’s annual card volume to $26 billion across North America.
Power marks up value of stake in Wealthsimple for third consecutive quarter
Hike to $1.5 billion CAD reflects rise in public markets and Wealthsimple’s performance.
Ecosystem Spotlight: Montréal’s tech sector faces change with savoir-faire
CIBC’s Eric Laflamme on the “perfect mix” of investment alchemy in Canada’s most European city.
Miru closes $27.4-million CAD Series A as smart windows startup prepares to launch in 2025
Startup’s windows control heat gain and glare to reduce the need for air conditioning.