Deep Genomics secures $226 million CAD led by SoftBank as it scales AI drug discovery platform
Deep Genomics has secured $226 million CAD ($180 million USD) as the startup has increased the number of drug candidates it…
Canadian Startup News
Digital Technology Supercluster announces $20 million digital wellness project
Canada’s Digital Technology Supercluster has announced a $20 million CAD project to develop a new digital wellness platform…
1Password claims $2.5 billion CAD valuation in new round as investors rave about “generational security software business” opportunity
1Password has raised $125 million CAD ($100 million USD) in its latest round of financing, as the password manager startup…
Following rebrand, Notch raises $12.5 million CAD to bring restaurant supply chain software to new markets
Toronto-based startup Notch has secured $12.5 million CAD ($10 million USD) in funding, as the startup looks to expand its…
Wealthsimple adds Inovia partner, former Google exec Patrick Pichette to board of directors
Inovia partner, and former Google executive, Patrick Pichette has joined Wealthsimple’s board of directors. Pichette currently…
Lumira Ventures closes $276 million CAD for fourth fund
Toronto-based Lumira Ventures has raised $276 million CAD ($220 million USD) for Fund IV, which Lumira claims is “the largest…
Firmex acquired by US-based Datasite in Vertu Capital’s first exit
Toronto-based virtual data room (VDR) company Firmex has been acquired by fellow VDR provider Datasite. The financial details…
Ready to launch: how StarSpec is building the bits to get us to space faster
Last year, for the first time in human history, humans were sent into space in a vehicle not built or owned by a government.…
Three tech companies on hiring sprees across Canada
Due to Covid-19, companies globally were forced to freeze hiring, furlough employees, and altogether hit pause on their growth…
Boast.AI’s Lloyed Lobo shares the true cost of entrepreneurship
I couldn’t get Lloyed Lobo to sit still. The co-founder of Boast.AI and Traction Conference wouldn’t stay in front…
Toronto-based Mommy Monitor selected for Google’s Black Founders accelerator
Google has announced the 11 early-stage tech startups set to join the company’s second Google for Startups Accelerator for…
Paystone secures $30 million from Crédit Mutuel Equity as part of plan to expand beyond North America
Payments and customer engagement software startup Paystone has secured a $30 million CAD strategic investment from France’s…
FrontFundr secures funding through FrontFundr, a crowdfunding platform
FrontFundr has secured $1.78 million CAD, through its own equity crowdfunding platform, as it looks to scale and bring more…
RBC launching Calgary Innovation Hub, with plans to hire 300 employees
The Royal Bank of Canada (RBC) is launching an Innovation Hub in Calgary this September, focusing on creating jobs for high-demand…
Technical debt: the other innovator’s dilemma
Startups need to make tough decisions and ruthless prioritization of resources is absolutely necessary for survival. Trade-offs…