PASQAL, Investissement Québec launch $90-million Quantum Computing initiative
The initiative intends to promote Sherbrooke, Québec as an international quantum hub.
Canadian Startup News
Geomega receives $2 million from NGen for rare earth element recycling plant
Geomega’s recycling plant will help turn magnet scrap into rare earth elements used in electric vehicles.
With $2 million raised to date, Omnicart aims to serve hyperlocal last-mile delivery
Omnicart wants to help local businesses in small towns become their own DoorDash.
FinTech startup Peloton Technologies closes $2 million in seed financing
Executive chair says the capital will fuel the startup’s acquisition strategy.
These three FinTech companies are hiring software developers in Canada
Neo Financial, Float Financial, and Ripple are on the prowl for software engineers, devs.
Co.Labs hires Broad Street Bulls, Rhino Ventures alum Jonathan Lipoth as executive director
Saskatchewan incubator believes it’s found its next “long-term leader.”
Semantic Health acquired by US-based medical documentation firm AAPC
Semantic uses AI to help hospitals improve their medical coding, auditing, and documentation processes.
HS GovTech Solutions acquired by Banneker Partners
HS GovTech is the latest Canadian tech company delisting from public exchanges.
Wealthsimple rolls out private equity offering for retail investors
PE marks the third alternative investing option Wealthsimple has launched since 2022.
Birdseye closes $4.1 million CAD in seed funding for AI-powered marketing platform
The round comes eight months after Birdseye’s $500,000 USD pre-seed funding round.
Microsoft looks to scale Québec presence with $500-million USD investment
Tech giant plans to expand its AI, cloud computing infrastructure in the province.
Rogers Communications and RBC commit additional $16 million to Rogers Cybersecure Catalyst
Catalyst claims more than 7,000 people and 500 businesses participated in its programs over the past five years.
Federal Fall Economic Statement promises to expand Payments Canada eligibility, introduce open banking legislation in 2024
Canada commits to “consumer-driven finance” and more powers for the Competition Bureau.
Canadian SaaS investment rebounded in 2023, reaching nearly $7 billion
L-SPARK’s report identified 20 SaaS deals valued at $50 million or more.
RHA Ventures targets $30 million for second AgTech fund
The firm plans to invest up to $1 million into seed-stage startups.