toronto | BetaKit

Kraken Robotics raises $51.75 million CAD through bought deal public offering

Toronto-based investment bank Cormark Securities served as lead underwriter of the offering.

“We think we can find the best deals in Canada, so we’re going to keep on doing that.”

Materia emerged from stealth earlier this year with Thomson Reuters’ backing.

Startup to commercialize advanced engineering materials for aerospace, automotive, and energy sectors.

Startups face layoffs and cancelled contracts to cover SDTC financing shortfalls, BetaKit has learned.

Plus: Meet the BetaKit Town Hall: Vancouver speakers.

FreshBooks is on a multi-year rollercoaster ride of executive turnover, staff reductions, and office shutdowns.

Wyvern and Kepler secure funding, Mission Control inks big partnership, and Volta Space preps for launch.

Round13 managing partner says the deal equips VC firm with an expanded arsenal of financing options.

After buying 18 million shares, Solina Chau now holds a 14 percent stake in Well.

Projects funded by National Cybersecurity Consortium to focus on commercialization, development, and training.

Disruption Ventures gives up board seat to Five Elms after exiting its Fable position.

$146 million commitment to support new Life Sciences Scale-Up Fund, wet labs programs, and procurement.

GPs attribute change to VC market conditions and personal factors.

HardTech Summit takes place November 6 and 7 at the Toronto Marriott Markham.