Canadian payments companies’ “sugar high” ended in 2022. VCs say a new spike is coming
Payments startup creation dropped by 44 percent from 2022 to 2023, according to Luge Capital report.
Canadian Startup News
Scale AI unveils $129 million for 44 new applied AI projects across Canada
AlayaCare, League, FluidAI Medical, MDA Space, and Vooban among recipients.
Tetra Trust clears another hurdle on its path to launching CADD stablecoin
Successful test saw CADD transferred between National Bank and Wealthsimple.
Startup investigation reveals 50 peer-reviewed papers contained AI-hallucinated citations
GPTZero found “obvious” instances of false, LLM-generated references in academic papers.
Canada’s Defence Industrial Strategy must include procurement pathways for tech
The Icebreaker co-founder argues Canada must resist a reflexive historical response to our southern neighbour.
National Bank sues Flinks co-founders for alleged non-compete violation
Founders of new startup Deck deny allegations, say they were authorized to build venture.
Canada launches its own quantum research program to rival DARPA initiative
Nord Quantique, Xanadu, Photonic, and Anyon to get up to $23 million in funding through CQCP.
Coinbase Canada CEO Lucas Matheson to join former Shopify colleagues at Opendoor
Former Shopify COO Kaz Nejatian continues to poach Canadian tech talent.
Tuhk raises $6 million USD to crack down on financial cybercrime
Enterprise FinTech startup planning launch in Canada, the US, and UK next year.
Court order prompts Well Health, Healwell to hand over records in merger probe
Federal watchdog to investigate if takeover affects choice and cost to users.
Simuhealth raises $2.6 million pre-seed to modernize healthcare training
New capital will help Vancouver startup scale its training management platform across North America.
Assetflo closes $2 million USD to make clients’ every physical asset “searchable”
Kitchener-Waterloo startup’s mesh network tech already helps Fortune 500 firms track assets.
Goodfood loses another leader as co-founder says he’s stepping down as president and COO
Neil Cuggy took over day-to-day operations after co-founder Jonathan Ferrari abruptly left in August.
Canada needs a national semiconductor strategy, industry groups argue
Five countries account for almost 91 percent of the global semiconductor market. Canada isn’t one.
Inovia promotes two principals to partner as it readies 2026 fundraising push
Montréal VC firm planning a sixth venture fund and “larger” Discovery Fund II to back emerging managers.