Ideon, Calabrio headline $53 million AI project investment from DIGITAL Innovation Cluster
DIGITAL said its investment joins an additional $106 million of industry partner backing.
British Columbia
Six Canadian universities among PitchBook’s 2024 top 100 schools for founders
University of Waterloo tops list of Canadian post-secondary institutions that produce future founders.
Recon Instruments’ co-founder wants to advance autonomous driving systems with latest venture Matt3r
Hamid Abdollahi believes his startup has found the “k3y” to develop safer autonomous vehicles.
Uni-One closes $10-million CAD Series A as foodtech startup’s revenue run rate surpasses $100 million
Vancouver startup claims $60-million post-money valuation, plans to launch in the US later this year.
BC chopstick recycling startup ChopValue picks up additional $4 million CAD
ChopValue recently launched a parent brand to bring its micro-manufacturing model to new resources.
Borealis Biosciences emerges from stealth with $202 million CAD from Novartis and Versant
Kidney disease treatment company looks to build on work of Chinook Therapeutics, acquired by Novartis last year.
Svante gets $137-million CAD commitment from Canada Growth Fund
The funding will be used to support the development of Svante’s carbon capture and removal projects.
Well Health plans to spin out, publicly list SaaS and services business in 2025
Founder and CEO Hamed Shahbazi said spin out will unlock “significant shareholder value.”
BC Securities Commission panel finds crypto platform ezBtc diverted one-third of customer funds to gambling, personal accounts
In one case, BCSC found that a customer’s bitcoin deposit was transferred to a gambling website within 14 minutes.
Miru closes $27.4-million CAD Series A as smart windows startup prepares to launch in 2025
Startup’s windows control heat gain and glare to reduce the need for air conditioning.
INNOVATEwest is on indefinite pause after Web Summit lands in Vancouver
Organizers say the city and province “had other plans.”
Three Canadian FinTech firms strike new partnerships
VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.
BC’s Centre for Innovation and Clean Energy invests $7.6 million across nine companies following call for innovation
Selected companies tackle energy storage, carbon management, alternative fuels, and low-carbon hydrogen.
Y Combinator grad Gumloop secures $3.1 million USD in seed funding to grow no-code automation tool
Backers include Y Combinator and founders from Instacart, Dropbox, and WePay.
Loop Energy alerts creditors to restructuring after layoffs, strategic review
TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.