Phoenix secures equity funding from Valspring, venture debt from CIBC for prescription drug service geared to men
Toronto healthtech startup plans to at least double its team with $50 million in equity and debt.
Canadian Startup News
Novarc Technologies raises Series B round led by Export Development Canada
Novarc recently partnered with a Wisconsin-based welding manufacturer to develop AI-powered welding solutions.
US-based neobank Zolve to bring newcomer-targeted services to Canada this summer
Planned expansion follows British neobank Revolut reportedly exploring re-entry into Canadian market.
Waabi develops realism metric to gauge reliability of autonomous vehicle simulators
Founder and CEO Raquel Urtasun calls on all AV developers to demonstrate their simulators are true to life.
Québec’s dismal seed-stage performance could spell trouble for province’s startup pipeline
Steep seed-stage deals drop in 2024 a “concerning” sign for ecosystem, some experts say.
Augmenta closes $14.4 million CAD to advance quest towards AI-driven building design
Autodesk alums plan to refine electrical system tech, move into plumbing and mechanical.
Redbrick acquires New York-based newsletter advertising platform Paved
This is the software rollup firm’s fourth American acquisition over the past five years.
Xatoms and Knead take home top prizes amid strong Canadian showing at SXSW pitch competition
Canada was represented in five of the more than 70 companies pitching.
Federal government revs up funding for EV charging
Dcbel makes EVs that can power homes, Jolt hopes to install 1,500 more curbside chargers in Canadian cities.
Deloitte Canada acquires grant matchmaker Pocketed for undisclosed amount
Deloitte pockets startup’s entire team including co-founders Brianna Blaney and Aria Hahn.
TBDC pitches a new narrative for Canadian startups
Vikram Khurana on how Canada can lean into its strengths.
Canadian government opens $300-million AI Compute Access Fund in latest AI commitment
Fund follows recent refresh of feds’ AI Advisory Council and release of public service AI strategy.
Prime Minister-designate Mark Carney says Liberals will kill their own capital gains tax changes
Proposed capital gains tax inclusion rate hike had been in legislative limbo since prorogation.
Federal investment to help Telesat take on Starlink with new Québec campus
The low Earth orbit satellite operations centre is expected to create 300 jobs.
Why Simon De Baene keeps killing his own products
How a cycle of destruction and reinvention shaped employee experience platform Workleap.