Avatar Innovations receives up to $500,000 investment from OCIF for carbontech accelerator
Avatar Innovations wants to spark innovation in Calgary’s energy sector.
Canadian Startup News
Verv closes $3.8 million seed round to develop at-home blood testing kit
Could the Theranos that was promised come from Sudbury?
Backed by Yoshua Bengio, Ubenwa is using AI to diagnose neurological issues through baby cries
The Radical Ventures-backed Mila spinout has raised $3.24 million CAD to launch app for parents.
GreenCentre Canada secures over $2.5 million from FedDev Ontario to launch cleantech accelerator program
Waterloo-based ALT TEX, Material Futures among startups selected to join the program.
Ex-Tungle, Foko employees pivot new startup, Nook, to take on Evernote
With exits to BlackBerry and Workforce, Nook team wants to tackle notetaking.
Crypto custodian Balance completes SOC 2 audit to increase customer confidence
Balance joins growing list of crypto firms becoming SOC compliant.
Tech-enabled fulfillment company Darwynn closes $20 million pre-seed round
Darwynn says its facilities take up less space and costs less to operate.
Introhive cuts 16 percent of workforce citing market conditions
CEO said the current environment makes it challenging to fund Introhive’s high-growth strategy.
Blume secures $2 million CAD to scale latte replacement product
Ex-Frank and Oak exec buys into Blume’s first institutional round.
Why now is the time for Canadian startups to hire internationally
“The more tech talent we can attract, the better it will be for the country.”
Following a record-setting first quarter, Québec venture funding eased up in Q2 2022
VCs are treading water as market tides change.
TransPod unveils “ultra-high-speed” FluxJet vehicle as it begins construction on proposed Alberta track
TransPod aims to offer transportation between Edmonton and Calgary that’s “faster than a jet and three times as fast as…
The bottom fell out of Canadian FinTech funding in Q2 2022
Q2 2022 saw a dramatic 70 percent drop in FinTech funding YoY.
Real estate auction platform Unreserved files $25 million lawsuit against real estate associations
Startup claims defamation and interference in Unreserved’s economic interests.
Federal, BC governments invest in new agtech innovation centre at Simon Fraser University
The centre is expected to create 200 jobs and train over 700 workers.