Drop closes $58 million CAD Series B with eyes on accelerated growth, going public
Mobile rewards startup Drop has closed a $58 million CAD ($44 million USD) Series B to help accelerate its growth and allow…
Canadian Startup News
SomaDetect among Atlantic Canada women-led startups receiving funding through WES
On Monday, the federal government revealed a number of Atlantic Canada women-led companies that are receiving funding through…
Ontario’s advanced manufacturing Supercluster announces first project
The Next Generation Manufacturing (NGen) Supercluster announced on Wednesday that it has approved its first project as part…
Global emission monitoring startup receives $3.3 million to monitor oil and gas in BC
Montreal-based GHGSat, which builds global emissions monitoring solutions, has received $3.3 million from Sustainable Development…
Xanadu, BMO, Scotiabank joint project uses quantum for trading products
Toronto-based Xanadu has announced the findings of a joint proof-of-concept with BMO and Scotiabank. The firms worked on discovering…
11 Canadian companies participating in Y Combinator summer 2019 cohort
This week, Y Combinator held its Summer 2019 Demo Day and this time 11 Canadian startups participated in the seed accelerator…
Future of Sport Lab accepting applications for second cohort
Ryerson University and Maple Leaf Sports & Entertainment (MLSE) are now accepting applications for a second cohort of…
New Brunswick-based money saving app Quber raises $450,000
Moncton-based Quber, an app that aims to help users save money through fun games, has closed $450,000 in total funding. Of…
Innovation Guelph receives $1.9 million federal investment for women entrepreneurship
Innovation Guelph, which supports local entrepreneurs through funding and programming, has received $1,879,983 from the federal…
Toronto-based indoor mapping company Jibestream acquired by Inpixon
Toronto-based Jibestream, which develops indoor mapping software, has been acquired by Palo Alto-based Inpixon. The entire…
Breather recruits CTO to expand product suite, hire in Montreal
Breather has announced that Philippe Bouffaut, former head of engineering in Canada for Cision, will take the role of Breather’s…
Lyft’s new Ontario general manager noncommittal on company’s plans in Canada
Lyft Canada has hired its first general manager for Ontario, bringing in Hannah Parish, a former director at General Motors…
NexTech AR closes $1,161,780 to expand AR entertainment studio
NexTech AR, which develops an augmented reality (AR) advertising platform, has closed $1,161,780 in a private placement. Private…
MolecuLight receives $7.5 million USD loan from Oxford Finance
Toronto-based MolecuLight, which develops fluorescence-guided imaging for visualizing bacteria of chronic wounds, has received…
Bird launches scooters in Edmonton
Bird has officially launched its dockless electric scooters in Edmonton. Over 400 Bird One e-scooters are now available throughout…