Helcim closes $27 million CAD to bring payment stack to underserved SMBs
Startup’s full-stack payment offering puts it up against FinTech giants like Stripe.
Canadian Startup News
Medical sharing platform Figure 1 acquired by Physician’s Weekly
Figure 1 has developed a platform for clinicians to discuss and share medical knowledge.
Helius raises $12.8 million CAD to help devs build blockchain apps on Solana
The Web3 startup was founded by former Coinbase and AWS software engineers.
As Techstars makes changes, the future of its Toronto accelerator is uncertain
Techstars Toronto has paused applications with leader Sunil Sharma transitioning away.
Yoshua Bengio co-signs statement calling for new laws to combat deepfakes
One study cited a 3,000 percent increase in deepfake fraud last year.
Helika closes $10.8-million CAD Series A for Web3 gaming analytics platform
Following success in North America and Europe, Helika wants to expand to the Asia-Pacific market.
As crypto market bounces back, Balance reachieves $2 billion in assets under custody
Balance relocated its headquarters from Toronto to Calgary at the end of January.
Ontario companies receiving $17.2 million in federal funding to commercialize quantum solutions
Xanadu, High Q, ProteinQure among companies receiving funding.
BC’s tech companies stand out in 2024 TSX Venture 50 list
Tech companies surged on the TSXV, with an average share price growth of 178 percent.
Golden Ventures closes nearly $140 million CAD for fifth seed-stage VC fund
Despite a tough market, Golden remains “long Canada” with strong support from existing LPs.
Profitable payments startup Zūm Rails closes $10.5-million Series A
Founded by Flinks, Versapay alums, Züm is looking to ramp its US expansion.
Canadian late-stage VC funding continued to slip in 2023
The CVCA tracked $6.9 billion invested during the year across 660 deals.
Y Combinator and Yoshua Bengio-backed Armilla AI secures $6 million CAD in new funding
Armilla says its AI model warranty could have covered Air Canada’s chatbot snafu.
BEKH, Volta and Tribe launch new initiatives to support Black Canadian founders
Both initiatives look to address the unique, systemic barriers facing Black entrepreneurs.
1Password acquires Boston-based device security platform Kolide
Following the deal, CEO Jeff Shiner said 1Password expects to add 250 new positions in 2024.