Government-backed Montréal innovation hub Ax-C gets boost from private sector
Launching spring 2025, Ax-C has an additional $5.25 million CAD in support from Bell, Google, Desjardins, and FTQ.
Canadian Startup News
Indiegraf to expand independent news solution after raising $2.9 million CAD
“Media business in a box” offering to expand across the United States and Latin America.
Flora Fertility closes $1.5 million CAD to bring individual fertility insurance across North America
Insurtech startup led by repeat founders plans to launch in the US next year, with Canada to follow.
MaRS CEO lays out reset business model as innovation hub makes more cuts
Alison Nankivell targeting 50/50 split between public and private funding “in the next few years.”
BlueCat Networks to acquire San Francisco-based LiveAction from Insight Partners
Insight will remain a minority investor in the network intelligence solution.
Repeat founders return with $1.1 million to help AI SaaS companies launch API integrations through Unified.to
Pereira and Alexey Adamsky return with former CalendarHero colleagues and backing from LOI Venture and DevCap.
Elevate FinTech speakers tout need for customer-centric innovations
Deputy Minister of Finance says “we need to recalibrate our levers” regarding banking innovation.
NACO launches fellowship program with national innovation orgs
Government-backed initiative to match founders with leaders at Interac, Loblaw Digital, National Bank, and more.
Ex-PathFactory CEO’s Sparrow BioAcoustics closes $10 million to turn smartphones into stethoscopes
Funding comes one year after the startup received FDA clearance for its Stethophone software solution.
Nunafab, SnapWrite, Aruna Revolution among startups to score prize money at Elevate
Fourteen startups cashed in over $290,000.
Sagard-backed Audensiel acquires tech consultancy Maltem Canada
Deal comes one year after the French consulting firm opened its Montréal office.
The greatest threat to startups today is playing it safe
Pender Ventures’ Maria Pacella warns that an overcorrection toward risk aversion could spell trouble for Canada’s SaaS…
Iris Booth appoints Shopify director Brandon Ghaeli as CEO
Ghaeli to replace founder Sue Siri following recent acquisition.
Fujitsu launches Cohere-powered Japanese LLM for enterprise use
Fujitsu invested in Cohere as part of a partnership to develop an LLM for the underserved language.
Koho secures $190 million CAD in equity and debt to bolster banking licence efforts
CEO said he’s not betting the company on banking licence at Elevate.