BDC writes down venture capital portfolio by $220 million in annual report
Crown corporation attributes value shortfall to “uncertain market conditions” despite posting higher than expected net…
Canadian Startup News
Zūm Rails moves recently-named CEO Miles Schwartz to Miami to lead US growth initiative
Omni-rail payment solution saw 75 percent increase in its US business over the last year.
Global trends report shows AI adoption still lags in Canada
In Canada, only 35 percent of organizations say AI is ‘widely implemented.’
Disaster restoration startup Kahi looks to solve “adversarial relationship” between insurance companies and subcontractors with IoT
Spun out of a subcontracting company, Kahi raised $2.3 million CAD led by BDC Capital Seed Venture Fund.
Canadian AppDirect co-founder launches Landbase with Inovia, Desmarais family backing
Landbase has closed $12.5-million USD in seed funding for its AI-powered go-to-market solution.
OMERS Ventures to be moved under new Private Capital group run by Michael Block
Reorg follows PE head retirement, tasking Block with overseeing portfolio that includes venture, green tech, growth.
Union representing Canadian Paper tutors threatens legal action following mass layoffs
Union says no complaints have been filed yet, but “several lawyers” are working the case.
Amplitude Ventures, Gates Foundation lead Radiant Biotherapeutics’ $35-million USD Series A
Amplitude-created biotech startup with scientific roots in SickKids and U of T aims to advance new disease therapies.
Beacon launches remittance solution to help Canadian newcomers receive money from India
Startup launched out of stealth with $5.25 million in funding earlier this year.
NPower Canada bags $4 million to prime underrepresented youth for the tech sector
Tech training programs run by Digital, NPower, Microsoft, and CIBC will introduce upskilling in cybersecurity and AI.
Saskatchewan tech sector employment doubled over four-year period: report
Province says it’s on track to triple the number of tech workers by 2030.
Transit platform Spare raises $42 million Series B led by Inovia
Funding to help Vancouver-based startup expand its paratransit solution into more transit agencies.
US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount
Acquisition comes mere months after Vancouver startup announced an $11 million CAD seed round.
AI is learning fast, are we?
Future Skills Centre is helping Canadians prepare for a rapidly changing labour market.
Terramera spinout Catalera secures $8.8 million CAD in first Series A tranche
Round marks first investment from crown corporation Farm Credit Canada’s Capital arm.