Federal government to extend 75 percent wage subsidy into December
The federal government has announced it will extend the Canada Emergency Wage Subsidy (CEWS) program until December. Prime…
Canadian Startup News
Foodee secures $13 million to weather COVID-19, fuel acquisition of US competitor Chewse
Foodee, a Vancouver-based corporate catering tech startup, has closed $13 million CAD in funding and revealed its acquisition…
FedDev commits $4.5 million to support Franco-Ontarian SMEs through regional recovery fund
Three organizations in southern Ontario have been selected to receive a cumulative $4.5 million investment from the federal…
Montreal’s new international AI research hub opens, announces board of directors
The new Montreal-based international research hub, which will focus on responsible artificial intelligence (AI) and data governance,…
Video streaming software provider Haivision acquires Teltoo
Montreal-based Haivision, which develops video streaming solutions for the public and private sector, has acquired Teltoo,…
Ontario court approves Facedrive’s acquisition of Foodora Canada assets
Toronto-based ride-sharing startup Facedrive has gained court approval to acquire restaurant and customer data from food delivery…
Akerna closes $46 million acquisition of Toronto-based Ample Organics
Toronto-based cannabis software startup Ample Organics has officially been acquired by Akerna. The deal was valued at $46 million…
Nine projects to receive $28.8 million as part of Advanced Manufacturing Supercluster investment
Nine Canadian manufacturing projects have been approved to receive a cumulative investment of $28.8 million from Next Generation…
Toronto tech venture deal count plummets in “unfortunate” first quarter of 2020
Toronto’s tech sector saw $361 million in venture funding over 41 deals in the first quarter of 2020, according to a new…
Report: Nearly half of Canadian VC firms have seen a decline in deal flow during COVID-19
In Canada, 48 percent of venture capital (VC) firms have seen a minimum 25 percent decline in deal flow during the COVID-19…
AI, FinTech startup Senso raises $4 million CAD to further fuel US expansion
Senso, which provides financial institutions with predictive intelligence through AI, has raised a $4 million CAD ($3 million…
Liberals’ economic snapshot reveals $343.2 billion deficit following COVID-19 relief measures
The federal government has projected a deficit of $343.2 billion for the fiscal year 2020 to 2021, according to a new economic…
Calgary’s SensorUp closes $6 million Series A to strengthen location intelligence platform
Alberta-based SaaS startup SensorUp raised $6 million in a Series A financing round led by Evok Innovations. SensorUp intends…
Ideon Technologies raises $1.3 million as it plans to innovate resource exploration industry
Vancouver-based Ideon Technologies, which offers technology allowing geologists to see beneath the Earth’s surface, has raised…
Over half of Canadian small businesses will take six months to return to profitability, finds CFIB survey
Canadian small businesses have a long, slow road to economic recovery ahead, according to the Canadian Federation of Independent…