Kepler Communications raises $122.7 million CAD to launch more high-speed satellites
Kepler’s low earth to orbit satellites reportedly deliver speeds of 2.5 gigabytes per second.
Canadian Startup News
Regina-based parking validation app Offstreet closes $1.2 million seed round
The app removes the need for human-verified parking exemptions.
ChargeLab secures $15 million, commercial partnerships with electric vehicle companies to expand US presence
ChargeLab touts itself as “the Android of EV charging.”
Mila secures $21 million from Québec government to support ethical AI research, projects
The provincial government also invested $14.3 million into ten incubators, accelerators.
Calgary Police Force, Chainalysis partnership aims to reduce cryptocurrency scams
Partnership hopes to offer training, support to other law enforcement agencies.
Volta moves to new office to further focus on hybrid support for Atlantic Canadian startups
Volta started offering virtual residency to startups in 2021.
Graphite Innovation & Technologies secures $10 million to help reduce emissions from marine shipping vessels
The Halifax startup provides sustainable coating for marine transportation.
MY01 raises $12.5 million CAD for microsensors that aid in physician diagnostics
Montréal medtech startup uses microsensors to help doctors diagnose acute compartment syndrome.
Round13 nabs $200 million first close for third fund as co-founders Bruce Croxon, John Eckert step back
Round13’s $150 million growth fund is also in the final stages of closing.
Ariglad raises $1.3 million to help HR teams communicate better, fulfill ticket systems
Ariglad’s AI directs employee questions swiftly to the right parties.
Online vehicle retailer E Inc. to delist from TSX citing limited trading volumes
E Inc. expects to delist from the TSX on May 24.
Startup TNT’s 2022 report maps over $3 million invested into startups, pan-Prairies expansion
The Alberta-based tech group is now live across all three Prairie provinces.
Product sampling startup Sampler acquires Abeo to deepen footprint in beauty industry
Abeo has worked with beauty brands like Sephora, Glossier, Chanel.
Down rounds in 2022 lower than expected amid reliance on bridge financing: Osler report
More firms rely on bridge financing to extend cash runway as they aim for later, higher valuations.
AutoLeap gears up for growth with $40 million CAD Series B
As a recession looms, AutoLeap and the car repair shops it serves stand to benefit.