Canadian startup news of the week (11/21/21)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
vancouver
Espresso Capital secures $200 million USD credit facility to fund tech firms in red-hot venture debt market
Espresso Capital has closed a $200 million USD credit facility from KeyBank, a Cleveland, Ohio-based financial institution.…
Moment Energy secures $3.5 million to repurpose retired electric vehicle batteries
Port Coquitlam-based cleantech startup Moment Energy, which creates sustainable energy storage systems by repurposing retired…
Clutch gears up for expansion with $100 million CAD Series B round
Clutch, an online car retailing startup, got the green light for expansion with $100 million CAD Series B equity financing.…
Canadian VC funding hits all-time high as seed investment continues to lag
For companies looking to raise capital in Canada, the market is a favourable one. The amount of venture capital (VC) being…
TSXV-listed CloudMD to acquire TSX-listed MindBeacon in $116 million deal
Vancouver’s CloudMD, a SaaS health technology provider, is acquiring Toronto healthtech company MindBeacon in a deal valued…
F|T: The FinTech Times – Wrapbook’s billion-dollar claim to fame
Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read…
SAAS NORTH launches award in tribute to prolific tech investor Greg Smith
SAAS NORTH, the annual conference for Canadian SaaS companies, has launched the SAAS NORTH STAR award founded in the memory…
Bootstrapped Ataccama hungry to win global data management market
Since the onset of the COVID-19 pandemic, digital transformation has become life and death for businesses across virtually…
Market Watch: VerticalScope makes acquisitions after revenue increase; BBTV posts positive Q3
Two Toronto Stock Exchange (TSX)-listed Canadian tech companies, Toronto-based VerticalScope and Vancouver’s BBTV Holdings…
Calgary, the city that offered to fight a bear for Amazon HQ2, gets new Amazon data centre
Amazon Web Services (AWS), the IT service management arm of tech giant Amazon Inc., is set to open an infrastructure region…
Mimik Technology raises $17.9 million CAD to make any computing device act like a cloud server
Mimik Technology has raised $17.9 million CAD ($14.4 million USD) in its all-equity Series A funding round led by Pier 88 Investment…
Ikea’s investment arm buys into Bolt Logistics as part of Series B round
Bolt Logistics (formerly Second Closet) has had a lightning-fast year, finding its niche in fulfillment and last-mile logistics,…
Owl.co raises $30 million Series B to scale insurance claim monitoring solution
Vancouver-based insurance tech startup Owl.co has raised $30 million in its Series B funding round led by Cota Capital. Other…
San Francisco AI startup Sama eyes Montréal R&D expansion with $70 million Series B round
Sama, a San Francisco artificial intelligence (AI) training data firm, plans to grow its headcount in Montréal to 300 employees…