Okanagan tech sector generated just under $5 billion of economic impact in 2023
Fifty-eight percent of the region’s 787 tech companies have already reached profitability.
British Columbia
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.
NPower Canada bags $4 million to prime underrepresented youth for the tech sector
Tech training programs run by Digital, NPower, Microsoft, and CIBC will introduce upskilling in cybersecurity and AI.
Transit platform Spare raises $42 million Series B led by Inovia
Funding to help Vancouver-based startup expand its paratransit solution into more transit agencies.
US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount
Acquisition comes mere months after Vancouver startup announced an $11 million CAD seed round.
Terramera spinout Catalera secures $8.8 million CAD in first Series A tranche
Round marks first investment from crown corporation Farm Credit Canada’s Capital arm.
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.
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.