Why Round13 Capital is betting on venture debt
Following unsuccessful bid for SVB Canada’s assets, Round13 wants to target underfunded startups with TIMIA.
British Columbia
D-Wave completes $175-million USD stock sale to fuel quantum computing development
CEO says fundraise “substantially improves” D-Wave’s financial strength.
Spexi raises $16.2-million CAD Series A for blockchain-based drone imagery network
Startup’s long-term goal is to reward drone pilots on its platform with a native crypto utility token.
BC Securities Commission fines ezBtc owner $18.4 million over crypto fraud
CBSC previously found crypto platform had diverted one-third of customer deposits to personal accounts.
FDA clears drug for rare and deadly GI cancer developed by Canadian firm Zymeworks
Co-founder of Zymeworks calls approval “the dream that many said was not possible.”
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.
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.
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.
Online legal database CanLII sues Caseway AI for copyright infringement
CanLII alleges Caseway scraped 3.5 million records from its database, violating terms of use.
Lightspeed, Well Health hit new revenue milestones in latest quarterly earnings
Lightspeed beats revenue forecasts as Well Health reaches record revenues in fiscal Q3 2024.
Neo Financial snags top spot on Deloitte’s 2024 Technology Fast 50
This year’s winners achieved an average three-year revenue growth of 3,559 percent.
Vantage Points: Scott Langille says the next generation of BC tech needs help
Atelier co-founder launches V2, a new collective to connect BC entrepreneurs across disciplines.
BC’s Centre for Innovation and Clean Energy makes $3 million available for women-led cleantech companies
New funding aims to address the underrepresentation of women founders in Canada’s cleantech ecosystem.
Procurify launches new accounts payable product following growth capital from CIBC
Procurement startup secured $68 million CAD Series C round in 2023.
Vantage Points: Alison Taylor thinks tech is actually kind of weird
Jane App co-founder says she doesn’t understand recent calls for businesses to leave Canada.