Wavy raises $2.5 million to combat remote work, burnout, talent churn
Beer tastings? Yoga? Wellness workshops? There’s a Wavy experience for that.
Canadian Startup News
VentureLab secures $2.5 million in provincial funding to expand semiconductor incubator
Funding enables VentureLab to build a new medtech lab in Vaughan.
Amid mounting competition, Float’s CEO believes company has what it takes to win in Canada
With army of customer evangelists, Float aims to capture Canadian market before international competitors swoop in.
Shopify proposes governance changes to protect CEO Tobi Lütke’s voting power
Shopify also acquired influencer marketing startup Dovetale.
University of Alberta spinout DrugBank closes $9 million from Brightspark, Amplitude, Theodorus to fuel drug discovery with its data platform
DrugBank wants to ‘be the shovel’ in a gold rush of new medical innovation.
Scale AI moves to scale supply chain AI startups with new funding, partnerships
Cluster partners with MaRS to support second Supply AI cohort.
CloudMD, Think Research announce changes to executive suites
Founder, CEO stepping down at CloudMD, while Think loses CFO.
Sollum secures $2.5 million from SDTC to jumpstart $14 million “Sun-as-a-Service” project
Sollum’s LED grow light solution is designed to recreate the sun’s natural light.
Federal #Budget2022 surprisingly heavy on innovation policy
No Canadian DARPA, SR&ED reform is coming, and our clusters are no longer super.
Uplinq raises $4.4 million CAD to help small business lenders make accurate decisions
Uplinq’s credit assessment platform provides ‘billions’ of data signals beyond traditional credit indicators.
Sid Paquette will now head RBC Ventures and RBCx
Paquette will lead some 500 staff members between the two groups.
Eight months after a personal tragedy and a lab fire, e-Zinc has bounced back with a $31 million CAD Series A
e-Zinc has secured backing from Anzu, BDC, Toyota, and Eni to start producing its energy storage solution.
Cybrid secures $3.8 million CAD seed round to help challenger banks launch crypto
Cybrid calls itself “the crypto banking-as-a-service provider.”
Fill out the Sage Intacct x BetaKit Survey for SaaS startups
Survey closes on May 15th.
MyComply closes $5.6 million CAD to sell construction tech platform to US companies
CEO calls startup’s contract with New York City its “growth hack.”