Today in funding: Railz, Relay Platform, Ferme d’Hiver, Optable, interVal
Five Canadian tech startups have recently secured fresh funding to fuel their growth. Here’s the latest on who raised money,…
Canadian Startup News
New bill proposes Bank of Canada regulate FinTech startups that provide payments
The Government of Canada has introduced legislation to regulate FinTech companies that offer payment services in the country.…
How to better leverage SR&ED refunds to accelerate startup growth
When new founders set off to research how to grow and scale their startup, they’ll often come up against the fundraising…
Shopify sees its developer platform as key to driving the future trends of e-commerce
As Shopify continues to benefit from the shift in consumer habits amid COVID-19, the company says its developers and developer…
Bonfire, Curiato, FutureVault among latest Canadian startups to make CEO change up
Three Canadian technology startups have announced changes at the helm. Curiato, FutureVault, and Bonfire Interactive each recently…
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…
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…