Startup Montréal touts international vision with rebrand to Québec Tech
Québec Tech has received $7 million CAD from the Québec government to help startups scale internationally.
Canadian Startup News
D2L and MDF Commerce expand software portfolios with latest acquisitions
Recently privatized MDF Commerce acquires EcoInteractive as D2L purchases H5P Group.
Bell acquires #CDNtech companies Stratejm and CloudKettle to beef up cloud capabilities
Deals aim to boost Bell’s offerings in cybersecurity and Salesforce expertise.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Ex-RBC, Fairstone Bank, Credit Karma execs launch direct-to-consumer personal loans platform
Fig, a subsidiary of Fairstone Bank, initially launched through partnerships with companies like Borrowell.
Roga secures $1.7 million CAD to reduce stress and burnout with its nerve-stimulating wearable
Neuroscientist and former Google Pixel PM team up to tackle workplace stress with Roga.
Accessible transportation platform gives cities options to Spare
With growth financing from CIBC Innovation Banking, Vancouver-based transit solution will focus on AI integrations.
Bitfarms appoints Ben Gagnon as CEO amidst activist threats from Riot Platforms
Bitfarms parted ways with a CEO in March, kicking off a lawsuit and a public spat with Riot.
Polystyvert closes $16 million Series B tranche, looks to open first commercial recycling plant
Polystyvert expects to close a second tranche within three months that brings the round up to $30 million.
The gender pay gap in Canadian tech has tripled
Plus: OpenText lays off 1,200 employees as part of restructuring plan.
Patent suit sees Canadian court rule in favour of Farmers Edge
AGI had alleged Farmers Edge infringed on its patent for a “Farming Data Collection and Exchange System.”
Federal government invests in seven hydrogen-focused cleantech projects in Alberta
Aurora Hydrogen, Quantiam Technologies, Innova Hydrogen receive a collective $5 million.
Economic development agencies dole out $30 million to AgTech, AI, EV development
Wyvern, Pure Life Carbon, and Aethon Aerial Solutions among those supported by latest PrairiesCan, FedDev funding.
ISED invests $120 million to build out CMC Microsystems’ semiconductor network
The FABrIC network looks to provide resources to foster semiconductor innovation in Canada.
Tall Grass Ventures closes $32-million VC fund for early-stage Canadian AgTech startups
TGV sees room to be “translators” and connect other investors to the AgTech sector.