Today in funding: Dispatch Coffee, Cloud DX, KitchenMate, ELLA
Three Canadian tech startups and one entrepreneurial program have received fresh funding to fuel their growth. Here’s the…
Canadian Startup News
As Ethereum turns five, the world’s second biggest crypto platform aims to tackle long-standing challenges
Five years ago, Ethereum, Canada’s biggest contribution to the blockchain space, officially went live. Since then, the cryptocurrency…
New temporary policy to allow foreign workers to apply for work permit without leaving Canada
Earlier this week, Canada’s Minister of Immigration, Refugees and Citizenship, Marco E.L. Mendicino, announced a new…
Verto Health raises $2 million CAD seed round to better connect healthcare providers, patients
Toronto-based healthtech startup Verto Health has closed a $2 million CAD seed round led by MaRS Investment Accelerator Fund…
Uber to expand its operations across Quebec this fall
Uber has announced that it plans to make its rideshare services available throughout Quebec starting this fall. The company…
Vector Institute establishes AI engineering team to turn research into practical applications
The Vector Institute for Artificial Intelligence has announced that it is establishing a new AI engineering team meant to take…
AlayaCare secures $15 million debt facility from CIBC Innovation Banking
Montreal-based healthtech startup AlayaCare has secured $15 million CAD in growth capital financing from CIBC Innovation Banking.…
Life sciences-focused ACTO announces $11.5 million USD Series A raised at height of the pandemic
Toronto-based startup ACTO has announced the $11.5 million USD ($15 million CAD) Series A round it closed in April, adding…
Alberta appoints new innovation minister tasked with implementing province’s recovery plan
In a recent cabinet shuffle, Alberta Premier Jason Kenney announced Doug Schweitzer’s appointment as the province’s new…
SeamlessMD raises $4 million CAD Series A to meet increased demand for digital patient engagement due to COVID-19
Toronto healthtech startup SeamlessMD, which provides a cloud-based patient engagement app, has raised a $4 million CAD Series…
Canadian venture capital investment hits record in Q2 2020 despite COVID-19
Venture capital investment in Canadian companies hit a record high in the second quarter of 2020, much to the surprise of industry…
Insurtech Breathe Life raises $11.5 million CAD to accelerate go-to-market strategy
Breathe Life, the Montreal startup that has developed a software-as-a-service (SaaS) platform for insurance carriers, has raised…
TransPod signs deal with Alberta to develop Hyperloop track connecting Edmonton, Calgary
Toronto-based AutoTech startup TransPod has signed a memorandum of understanding (MOU) with the provincial government of Alberta…
Top Hat continues pursuit to take traditional publishers digital with Bluedoor acquisition
Toronto-based EdTech startup Top Hat has acquired another education publishing company, recently closing a deal to purchase…
Entertainment tech startup Wrapbook raises $4.7 million CAD seed round
Toronto and New York-based Wrapbook, which creates software for workforces in the media production space, has raised a $4.7…