Nord Quantique closes $9.5 million seed round co-led by BDC Capital’s Deep Tech fund
Nord develops hardware for fault-tolerant quantum computing.
Canadian Startup News
Elastic Path secures $60 million to scale “composable commerce movement”
The round brings Elastic Path’s total funding to $120 million.
EDC makes COVID-19 investment matching program permanent, expands eligibility
Since 2020, the program has invested a total of $223 million in 84 Canadian companies.
Canadian biotech leader Clarissa Desjardins secures $63 million CAD for Congruence Therapeutics
PerkinElmer and Ipsen purchased two of Desjardins’ previous companies.
D-Wave hopes to raise $431 million CAD as it prepares to go public via SPAC
Quantum computing startup aiming for a $1.5 billion valuation.
With Portage backing, New York-based LoanStreet eyes Canadian market
Portage Ventures’ Adam Felesky believes “Canada could be an interesting market for LoanStreet.”
Dozr raises $27.5 million in Series B funding to support US expansion plans
The heavy equipment rental startup aims to replicate its Florida playbook in other markets.
Trulioo acquires HelloFlow, adding customer onboarding to platform
Acquisition gives Trulioo offices in Denmark and Romania.
iGan Partners, Faisal Belhoul launch Arabia medtech fund with $250 million USD target
The fund has invested in Okadoc, Exact Imaging, eSight, and MolecuLight.
Forma.ai quadruples annual revenue, sets out to disrupt sales compensation
“Sales compensation is due for a change,” says CEO.
Three Toronto-based tech companies hiring across Canada right now
Inpixon, Motion, and TalentMinded are all hiring.
Stamped AI closes $2 million to simplify financial statement prep for SMBs
Stamped AI describes itself as a “tech-enabled audit firm.”
Silicon Valley unicorn Productboard eyes Vancouver, Toronto for expansion
The startup plans to hire 70 Canadian employees following a $125 million USD round.
Hiring roundup: Carbon Engineering, ACTO, WorkJam, Wishpond, Volta, Silicon Valley Bank
Here are six Canadian tech firms that have added new talent this year.
Australian government taps Bedrock AI for RegTech challenge
Bedrock hopes to land $1 million contract to uncover poor capital market disclosures.