Founded by Alphabet alums, Canadian-led AI hardware startup Extropic secures over $14 million
Run by @BasedBeffJezos, Extropic’s backers include Tobias Lütke, Cohere co-founders.
Canadian Startup News
ContactMonkey raises $55-million Series A from Updata Partners
Toronto startup claims it is profitable and has grown 330 percent in the past three years.
Nicotine addiction treatment tech startup Ditch Labs acquires IP assets of French firm Enovap SAS
Acquisition comes nine months after Ditch Labs secured $3.25 million CAD in seed funding.
Bitkey lead calls Canada an important market as Block launches new self-custody Bitcoin wallet worldwide
Block bills Bitkey as a simpler alternative to other self-custody Bitcoin storage options.
$86-million Series D extension has Koho targeting growth and profitability
Canadian challenger bank reaches one million users, $100-million run rate.
Bianca Bharti joins BetaKit as newsletter editor
Former National Post reporter joins as BetaKit’s newsletter editor.
EZee Assist reveals $1.85 million in funding to help franchises manage institutional memory
Toronto startup caters to clients like BeaverTails and Real Property Management.
Workleap expands through acquisition of US-based HR tech firm Pingboard
The acquisition comes five months after Workleap raised $125 million from CDPQ.
As ailing WeWork reduces Canadian footprint, BDC opens new collaborative work location in Vancouver
Vancouver marks BDC Square’s third location, following Toronto and Montréal.
Renaissance raises $1 million CAD in fresh funding to help artists connect with their superfans
Music tech startup claims to have surpassed one million downloads with zero marketing spend.
FinChat secures $1.5 million USD from Social Leverage to expand AI-powered stock research platform
FinChat surpassed 100,000 users within a month of its launch.
SMEs that reduce their carbon footprint perform better than those who don’t: BDC report
SMEs recoup investments in 16 months, but 32 percent of those surveyed don’t plan on taking action.
Aiming for cash-flow positive in 2024, Virtuo targets North American expansion with 2023 funding
Calgary-based proptech startup raised $3.5 million in seed financing in March.
Asian food delivery service Fantuan secures $40-million USD Series C round
The funding will be used to improve its platform and explore an expansion into other service sectors.
Sixty Degree Capital closes $338 million CAD for third venture fund
The new fund looks to invest in enterprise software and healthtech startups.