Ada secures $130 million USD, claims $1.2 billion valuation
Toronto artificial intelligence (AI)-powered customer support software startup Ada has raised $130 million USD in Series C…
Canadian Startup News
PayShepherd secures $700,000 to expand its contractor billing solution across Canada, US
Calgary-based FinTech startup PayShepherd has raised a $700,000 CAD pre-seed round to meet growing demand for its contractor…
Nuvei to acquire Simplex for $250 million USD
Nuvei is set to acquire FinTech and cryptocurrency startup Simplex in an all-cash deal totalling $250 million USD. The companies…
Shopify joins patent non-aggression network as competition with Amazon heats up
Shopify has joined the Open Invention Network (OIN), a patent non-aggression community that aims to defend the intellectual…
Crown corporation leading BC’s $500 million investment fund appoints board of directors
InBC Investment Corp, the crown corporation spearheading British Columbia’s new $500 million CAD strategic investment fund,…
Governor General’s Innovation Award winners include leaders of Swift Medical, Adaptiiv
The Rideau Hall Foundation has announced the 2021 winners of the Governor General’s Innovation Awards. This year, six individuals…
Canada earmarks $80 million for new national cybersecurity network
The Government of Canada has announced plans to support the creation of a new pan-Canadian cybersecurity program with $80 million…
Following full exercise of over-allotment option, Thinkific IPO reaches $184 million
Vancouver-based EdTech startup Thinkific’s initial public offering (IPO) now totals $184 million, after the deal’s underwriters…
eStruxture secures $600 million to fund Aptum acquisition, “fast-track” Canadian expansion
Montréal-based eStruxture has received over $600 million CAD to fund the growth of its data centre business. The funding comes…
Information Venture Partners closes third fund, raising $124 million CAD
Toronto-based venture capital firm Information Venture Partners (Information VP) has closed its third venture fund, securing…
FinTech startups frustrated with glacial pace of Canada’s open banking consultations
Sue Britton was feeling “super optimistic” when the Advisory Committee on Open Banking sent out a package for phase-two…
BDC Capital launches $200 million fund to bolster Canada’s deep tech ecosystem
BDC Capital has announced the creation of a new $200 million CAD fund designed to invest in and support early-stage Canadian…
New council launches to advance Canada’s semiconductor industry
A group of Canadian tech sector stakeholders have launched a national Semiconductor Council, mandated to make Canada a global…
Newly launched Carrot Ventures closes $15 million fund to help seed Canadian AgTech startups
Carrot Ventures, a Calgary-based company creation firm launched by venture capital company AVAC, has closed $15 million for…
Prairie AgTech startup Precision AI raises $20 million
Regina-based AgTech startup Precision AI, which aims to support sustainable farming practices with computer vision technology,…