University of Waterloo’s Velocity moves out of the Garage & into the Arena
Six years in the making, UW’s startup incubator has a new home in the Innovation Arena.
Canadian Startup News
UniUni secures additional $42.2 million CAD to strengthen US expansion
Three-year revenue growth of nearly 13,000 percent earned the startup a spot on Deloitte’s Technology Fast 50.
Canadian-led Medeloop closes $15.5 million USD in Inovia-led Series A round
The founder of exited startup Medesync wants to accelerate clinical research with AI.
‘It’s life or death’: Québec ecosystem frustrated after IQ suspends early-stage program
Impulsion PME no longer accepting applications until further notice.
Power marks up value of stake in Wealthsimple beyond 2021 peak
Hike to $2.2 billion reflects rise in public markets, Wealthsimple’s performance, and an upcoming secondary deal.
Manitoba launches new innovation and technology department amid cabinet refresh
Mike Moroz will head the division supporting the province’s tech industry and modernizing public services.
Report: Québec VC funding continues downward spiral in Q3 2024, but shows early-stage promise
The province has not recorded a growth-stage investment since Q2 2022.
Scaling infrastructure for a market that never sleeps
How Aquanow keeps crypto transactions flowing around the world.
Pender Ventures closes second B2B software, healthtech-focused VC fund at $100 million
Managing partner attributes success in a tough environment to its returns, committed anchor, and consistency.
Mastercard and VoPay help empower a cross-border economy
The technological innovations streamlining payment for a global workforce.
Nuvei posts revenue growth in final earnings as go-private deal gets green light
Having received regulatory approval, Nuvei expects its $6.3-billion USD go-private deal to close on Friday.
Richa Mehta joins Radical Ventures as San Francisco-based partner
AI-focused VC firm launched a new $800-million USD growth fund in August.
Trolley secures $32-million CAD Series B to expand payout platform’s global reach
Growth equity financing for Montréal-based FinTech startup backed entirely by American investors.
Clio boosted Canadian VC investment in Q3 2024, but early-stage funding reaches “worrisome” low
Late-stage funding also faltered, accounting for a record low 21 percent of total investment dollars in Canada.
Office management startup GPHY plans to grow sales outside of Québec with $5-million CAD seed round
Company uses anonymized sensors to count in-office employees in the era of hybrid work.