Investissement Québec records annual loss on VC and fund investments
Provincial investment agency’s overall $13-million return came in well below $194 million forecast.
Canadian Startup News
ApplyBoard lays off employees due to “policy changes across major study destinations”
Edtech unicorn is focusing beyond English-speaking world as Canada and US cut immigration numbers.
Portless raises $24.7 million to be retailers’ port in a trade storm
Logistics startup gives importers alternative to up-front duties following end of “de minimis” exemption.
Rails launches hybrid crypto exchange after raising $14 million USD in token warrant sale
Toronto and Miami’s Rails claims to provide self-custody without sacrificing performance.
CarbonCure and VerticalScope replace founding CEOs as #CDNtech companies see turnover at the top
Adlib Software and Scope Technologies also recently shuffled the C-suite.
Fispan continues industry trend of secondary-heavy deals with Series B round
Vancouver-based embedded banking startup says it’s bringing in $34 million annually.
DIGITAL Innovation Cluster providing $15 million across 16 Canadian AI-based training and CareerTech projects
Projects backed by matching $15-million private investment aim to upskill and connect workers with employers.
As aging entrepreneurs retire, BDC and FNBC announce $100 million to help Indigenous groups buy their businesses
FNBC and BDC want to help Indigenous communities buy established Canadian firms, aid “economic reconciliation.”
American gig giants Instacart and Uber add Canadian executives to top leadership positions
Chris Rogers tapped to lead Instacart as CEO, Uber appoints Andrew Macdonald as global president and COO.
Xanadu touts another advancement toward scalable quantum computing
Startup’s researchers generated error-resistant photonic qubits on a single chip for the first time.
Canada shows its hand: Balatro wins Apple Design Award ahead of developer conference
Solo creator shouts out fellow Canadians as he bests Ubisoft and other large rivals.
Canada Growth Fund commits at least $89 million to Eavor in second big investment to geothermal tech company
CGF promises another $48 million upon the completion of undisclosed milestones.
Google allocates $13 million in funding to strengthen Canada’s AI workforce
First Nations Technology Council, Skills for Change, Toronto Public Library named as recipients alongside Amii.
Tradeoffs are the new muscle behind startup growth
Leaders from Float, Clio, and Hiive discuss the changing role of finance leaders in 2025.
AppDirect eyes rising energy demand with acquisition of Broker Online Exchange
Canadian-founded software services giant continues acquisition spree with gas, electricity brokerage platform.