New mandate letter gives Minister Champagne long to-do-list for Canadian tech and innovation
The letters came two months after Trudeau’s post-election cabinet was revealed.
Canadian Startup News
Tiggy raises $6.3 million to expand 15-minute grocery delivery service beyond Vancouver
Tiggy has its eyes on establishing dark stores in Toronto.
Nicoya’s $20 million Series A extension enables continued development of digital proteomics solution
Nicoya’s solution helps scientists accelerate drug discovery.
Ukko Agro closes $5.1 million seed round to help farmers make crop management decisions at scale
Ukko Agro helps ag companies make informed crop management decisions.
Xandar Kardian raises $10 million for contactless health monitoring tech
In April, its solution was cleared by the U.S. Food and Drug Administration.
Rockport Networks raises $61.9 million CAD, appoints Marc Sultzbaugh as co-CEO
Rockport’s tech is being used by a supercomputer at the University of Texas.
Consumer products investor IVEST launches $200 million SPAC to pursue innovative technologies
Swiftmerge is being led by the team at Vancouver-based IVEST.
Ledn raises $70 million in Series B funding, plans launch of Bitcoin-backed mortgages
Ledn claimed its Bitcoin-backed mortgage is the first of its kind to market.
Alongside acquires CareerBeacon from Brunswick News
Brunswick News is owned by the notoriously secretive Irving family.
Valence Discovery announces $10.9 million CAD for AI-aided drug discovery and formulation
Valence wants to “build the world’s most powerful chemistry engine.”
WFHomie raises $1.9 million CAD to help companies better engage, retain employees
Meet the first investment from Ryan Holmes and Manny Padda’s new fund, LOI Venture.
SVB report finds Canadian venture activity reached new heights in 2021
Canada is set to finish off 2021 with a new record for venture capital deals.
Accelia Capital launches $50 million VC fund to back women-led startups in Québec
Accelia Capital wants to invest 70 percent of its funds in Québec businesses owned or managed by women.
Snappy receives $2 million to scale restaurant management tech
Snappy powers over 1,500 restaurants in eight countries and over 30 cities.
IBM to hire 350 tech employees in Nova Scotia
This is IBM’s second major hiring announcement in Canada this year.