Northleaf and Kensington both close their VCCI-backed funds
VCCI-backed funds-of-funds feature respective $370 million and $290 million war chests.
Canadian Startup News
Google for Startups Accelerator opens 2024 Canadian cohort applications
Tech giant claims its supported startups have cumulatively raised more than $395 million CAD.
Paula Cruickshank to lead BDC Capital’s fund investments as senior VP
Cruickshank fills role previously held by Alison Nankivell, now MaRS’ CEO.
Descartes acquires UK-based logistics platform BoxTop for $18 million CAD
The deal follows a similar across-the-pond acquisition in April.
Vancouver will host rebranded Collision in 2025 and beyond
With Toronto deal set to expire, the West Coast emerges as next locale for the rebranded Web Summit Vancouver.
Zero Point Cryogenics secures $2.67 million to help cool quantum computers
The non-dilutive funding came from PrairiesCan and the City of Edmonton’s Edge Fund.
Sharethrough to merge with French adtech firm Equativ
Deal comes two-and-a-half years after Sharethrough scrapped TSX IPO plans.
Legaltech startup Alexi looks to ramp up hires with $15 million CAD in new funding
Startup hopes to almost triple team size by the end of this year.
A match made by AI
Indeed’s new Smart Sourcing product a “game changer” for candidate sourcing.
A|I: The AI Times – Cohere had a busy week
Plus: How Apple fell behind in the AI arms race.
Parliament sets the stage to enact capital gains tax changes
Nearly all Conservative MPs, including leader Pierre Poilievre, voted against the motion.
Kardium secures $143 million CAD to help bring irregular heartbeat treatment to market
The financing follows Kardium’s $158-million CAD round in 2021.
Parity closes $26-million CAD Series B round as it eyes new verticals, markets for HVAC optimization software
Startup says it has delivered energy savings across over 65 million sq. ft. of real estate.
Copperleaf Technologies to join wave of #CDNtech go-privates in $1-billion deal with IFS
Copperleaf expects IFS to continue investing in its Vancouver team.
Float launches bill payments and personal expense reimbursement products
FinTech startup aims to help businesses pay bills and reimburse out-of-pocket expenses faster.