Thinkific created positive cash flow in 2024, but found GMV “headwinds”
EdTech company saw revenue jump in Q4 earnings as it ditched cost savings for growth.
British Columbia
Healthtech Connex snags $3.7 million from PacifiCan to help measure brain health
Surrey, BC life sciences firm plans to expand sales in North America, Australia, Europe, and New Zealand.
Sanctuary AI, Nexera, and Novarc make deals and developments in busy week for Vancouver robotics companies
Nexara nabs funding from BDC, Novarc strikes a partnership, and Sanctuary AI’s robots get touchy.
Former EventMobi, Voiceflow leaders secure $2 million CAD to tackle retail merchandising with Merchkit
Startup aims to help retailers cut product launch timelines, operational costs via AI.
Opal announces $1.5 million USD to build “the operating system for ad agencies”
FinTech startup’s backers include Exit North Ventures and Bench co-founder Ian Crosby.
Reverb Therapeutics closes $17-million seed round led by Amplitude Ventures
Reverb looks to treat cancer and autoimmune diseases with its antibody modification platform.
Certn and Quadshift secure capital from BDC Capital’s topped-up funds
Funding follows apparent departure of Certn president less than a year into the job.
Clio donates $3 million to create new innovation hub at the University of British Columbia
Space will serve as the formal Vancouver home of Creative Destruction Lab.
Photonic claims breakthrough in quantum computing error correction
Company paper claims a new code family can perform quantum operations with lower physical qubit requirements.
GTMfund closes $54-million USD Fund II to back more early-stage Canadian B2B SaaS startups
Vancouver VC firm plans to grow its Canadian team, invest more in Canada via Fund II.
Clio and Intel add new general managers in Canada as #CDNtech exec shakeups carry into 2025
ThoughtExchange, Verv, and Lorica also started the year by making changes at the top.
Mangrove Lithium secures $50.4 million to construct lithium refining plant in British Columbia
Company claims facility will produce enough battery-grade materials annually to power 25,000 EVs.
Canadian quantum commercialization and research projects get federal funding boost
Three commercialization projects get $4.7 million from DIGITAL, NSERC grants $74 million to 107 research projects.
Moment Energy raises $21.5-million Series A amidst tough funding climate for cleantech hardware startups
EV battery repurposing startup to double size of Vancouver HQ and build gigafactory in Texas.
Leaders from Clio, Certn, Humi and others talk M&A at TechExit.io
Join TechExit.io on Feb. 25 in Vancouver to learn how to navigate 2025’s dealmaking landscape.