University of Waterloo-backed Velocity Fund II holds $14-million initial close
First VC fund backed by Canadian university endowment has deployed into five startups so far.
Canadian Startup News
Shopify stocks surge after company says it will join Nasdaq 100 index
The e-commerce giant will become a reference point for investors.
Opportunity Calgary Investment Fund’s new Express stream invests $3.5 million of fast funds across 23 companies
ZayZoon, Carbon Upcycling, CoolIT Systems plan to hire and train personnel with capital injection.
Biotech Intrepid Labs exits stealth with funding from Radical Ventures and Avant Bio
University of Toronto spinout looks to fast-track drug formulation with machine learning and robotics.
Canadian FinTech leaders “cautiously optimistic” about open banking, payments modernization under Mark Carney
Jaded from years of waiting, FinTech players hope Carney’s UK track record translates into domestic policy action.
Imperial Oil donates $37-million lab to SAIT for energy research
Gift to Alberta college plans to help advance applied research while connecting students with experts.
Rethinking the relationship between government and entrepreneur support organizations
MAIN executive director warns of “building an entire ecosystem singularly dependent on government funding.”
A guide to how Canadian tech is rising to meet the wildfire threat
Wildfire explores Canadian wildfire response powered by tech, traditional knowledge, and the pressure to act.
Healthtech leaders behind AlayaCare and Mimosa say Canadian procurement lacks transparency and risk appetite
Canadian tech lobbying group CCI argues Canada faces a wide breadth of procurement issues.
Ontario invests $56 million to power “homegrown” automotive and mobility companies amid trade war
Provincial government wants domestic companies to play global roles in electric and autonomous vehicles.
Anges Québec looks to expedite early-stage rounds with co-investment angel fund
Elevia Fund plans to deploy between $1 million to $3 million every year across eight to 10 startups.
Age-Well partners with Ikea, U of T to launch studio for testing tech for seniors
Startups, researchers, and investors plan to work together on tech for at-home aging.
D-Wave remains in the red even as revenue jumps 500 percent in Q1
The Canadian-founded quantum firm’s record sum came from delivering a system to a key customer.
Amilia raises $35 million led by Vertu Capital to help more community centres manage operations
Management and payments platform supports 6,600 recreation facilities across North America, including the YMCA.
Shopify posts solid Q1 2025 earnings amid trade war but anticipates slight profit dip
CFO says closing of de minimis exemption for Chinese goods not expected to have short-term “meaningful impact.”