Acton Capital closes $240-million USD Fund VI to invest in tech startups across Canada and Europe
Acton’s Canadian portfolio has included Chefs Plate, Clio, Knix Wear, Maple, and Mobify.
Canadian Startup News
Dapper Labs, Nesto, Certn, top Deloitte’s 2023 Technology Fast 50 list
FinTech startups made a mark on the list of Canada’s leading technology companies.
Quantum startup Photonic raises $137 million CAD, strikes strategic partnership with Microsoft
Photonic has an “audacious” five-year plan to build a fault-tolerant quantum computing platform.
Cavelo secures $5-million Inovia-led seed round to help financial services firms protect their data
With cybersecurity no longer just “a big company problem,” Cavelo eyes US expansion.
ChargeLab taps Newlab, Flipp alums Shaun Stewart and Patrick Smith to leadership team
Stewart will serve as ChargeLab’s new president, while Smith has joined as VP engineering.
NGen commits $19 million to 12 new AI manufacturing projects
Industry contributions bring the total value of the projects to $55 million.
Certn acquires European ID verification company Trustmatic
Trustmatic marks Certn’s third international acquisition in the last two years.
Private equity firm Vertu Capital acquires developer platform ActiveState
Vertu closed $300 million CAD for its first private equity fund in March.
Virtual care platform Mednow announces restructuring, looks for buyer
Receivership occurs just over two years after listing on the TSX Venture Exchange.
Government of Alberta proposes changes to clear path for tech firms to use ‘software engineer’ title
The province’s new bill follows tech sector clash with engineering regulator.
Universities of Regina, British Columbia among 19 recipients of CRIN’s $16.1 million CAD commitment to clean up Canada’s oil and gas industry
CRIN received $100 million from the SIF in 2020 to lower the environment impacts of fossil fuels.
Slack CEO Lidiane Jones to depart after a year in the role
Jones will become CEO of Bumble as Salesforce-owned Slack looks for its third CEO in as many years.
Sanctuary AI, RainStick among #CDNtech companies named to TIME’s 2023 Best Inventions list
The list also recognized neural earbud developer Naqi Logix and lithium tech firm Li-Metal.
The BetaKit Keynote Stage returns to SAAS NORTH 2023
Workleap, Wealthsimple, OpenView, BDC leaders among stage headliners November 15-16.
Electronic circuit manufacturer SMT Intelligence raises $68 million from the Fonds FTQ
SMT uses robotics, AI to produce over eight million electronic circuits annually.