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.
Atlantic Canada
Invest Nova Scotia has recovered most of stolen funds following summer scam
Justice Department helped return majority of $573,000 lost to email breach and phishing attack.
Planetary Technologies secures $15.8-million CAD Series A to alkalize the oceans and fight climate change
Startup’s platform claims to to enhance the ocean’s ability to remove carbon dioxide from the atmosphere.
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.
Feds announce $4 million for Atlantic Canada tech startups through ACOA
Eight of the 10 startups are Nova Scotia-based, including Milk Moovement and UpBeing.
Ex-PathFactory CEO’s Sparrow BioAcoustics closes $10 million to turn smartphones into stethoscopes
Funding comes one year after the startup received FDA clearance for its Stethophone software solution.
Iris Booth appoints Shopify director Brandon Ghaeli as CEO
Ghaeli to replace founder Sue Siri following recent acquisition.
Coveo snags SIF investment as AI project funding flows during ALL IN 2024
Oceans Supercluster also doled out $4.5 million and Scale AI teased a call for projects.
“Gordon Ramsay doesn’t want to flip burgers”: Rundle acquires photography startup Iris Booth as founder prepares to step back
Halifax startup mass produces headshots for large orgs with its self-service photo booths.
Happipad has only signed 31 leases since signing $1.3-million deal with Nova Scotia last August
Province referenced 130,000 empty bedrooms when signing deal with the home sharing platform.
Social Finance Fund-backed Boann reveals first investments in Canadian impact funds
Portfolio includes Active Impact, BKR, Cycle H2O, InvestEco, Raven, Renewal, Sandpiper, Spring, The51.
InsurTech platform QuickFacts secures $2 million to continue North American expansion efforts
QuickFacts claimed it tripled its number of active users in the past year.
Merchant-focused FinTech startup Sona acquired by Celero Commerce
Bootstrapped Nova Scotia startup to boost Celero’s annual card volume to $26 billion across North America.
Tracktile raises $575K to bring operations software to manufacturing industry plagued with “expensive and legacy” tech
BDC selected the PEI startup as the first investment from its Seed Venture Fund.
Justice Department involved following Invest Nova Scotia employee email scam
Phisher impersonating Sandpiper Ventures received $573,000.