One year later, what filled the hole SVB left in Canadian tech lending?
Venture debt lending has slowed but ex-SVB talent has spread across Canada’s innovation banking practices.
Canadian Startup News
Rithmik secures $2 million to lower mobile mining equipment emissions
The funding will help increase the startup’s global footprint, establish partnerships, and improve its platform.
Fusion Pharmaceuticals to be acquired by AstraZeneca for more than $2 billion USD
AstraZeneca says the deal marks “a major step forward” in its goal to transform cancer treatment.
Clarius, Fintel Connect among seven Vancouver tech orgs receiving new PacifiCan funding
The regional development agency is doling out nearly $14 million.
Flosonics Medical raises $27-million CAD Series C to scale uptake of wearable ultrasound device
Startup’s FloPatch product measures blood flow for critically ill patients.
Proptech startup Landerz plots a course for growth with $1.5-million CAD seed round
Over 100 land opportunities are listed on Landerz’s public platform, totalling over $200 million CAD.
NGen launches $100-million sustainable manufacturing challenge, calls for project proposals
The Sustainable Manufacturing Challenge is seeking projects that will support Canada’s net-zero goals.
With $45-million CAD Series B, PocketHealth gears up to continue North American expansion, AI push
Startup adds Round13, Deloitte, Samsung to fuel efforts to help patients understand their medical images.
SEC orders Delphia to pay $225,000 USD for “false and misleading” statements about use of AI
Toronto startup one of two companies accused by US securities regulator of “AI washing.”
Top Hat’s Maggie Leen appointed CEO two months after Joe Rohrlich’s quiet departure
EdTech firm has also tapped Larry Indovina for the new role of COO.
Busbud continues Latin American expansion with acquisition of Buson
Busbud says it now has over 600 partnerships with bus operators in LATAM.
WonderFi to acquire Australian crypto trading licence as “solid foundation” for international expansion
After buying up several regulated Canadian crypto exchanges, WonderFi eyes down under for growth.
Google Canada provides $2.7 million in research grants to major Canadian AI institutes CIFAR, Amii, CEIMIA
The funding is aimed at supporting research into sustainability and responsible AI development.
Ocean tech startup Poseidon raises $28-million CAD Series B to make fish farming more eco-friendly
BC startup offers tech aimed at improving fish welfare, mitigating ecosystem damage.
Sonder faces class action investigation after delaying financial results due to errors in past statements
Company said correcting the errors will increase its net loss for 2022 and 2023.