Cyclic Materials, Ionomr Innovations, Summit Nanotech among Canadian returnees to the 2025 Global Cleantech 100
Eight of the nine Canadian companies on this year’s list were also on last year’s.
British Columbia
BBTV rebrands to RHEI, launches new AI training licensing platform for creator content
Media tech firm went private last year to alleviate “financial and administrative burden” of public markets.
Work automation platform Gumloop raises $24.5-million Series A as it relocates to Silicon Valley
Gumloop CEO says Vancouver suffers because “San Francisco is a very strong magnet for exceptional talent.”
Broadsight appoints Steve Lowry as CEO to help UBC spinout build “the Salesforce for comms”
Co-founder Kurt Heinrich transitions to CSO in leadership shuffle.
New Blue Action Canada oceantech accelerator launches backed by COAST and Founders Factory
Pilot cohort will support eight startups in BC with plans to expand Canada-wide later this year.
Bench had a crazier holiday break than your startup
Bench acquired by Employer.com three days after abrupt Dec. 27 closure.
Why Round13 Capital is betting on venture debt
Following unsuccessful bid for SVB Canada’s assets, Round13 wants to target underfunded startups with TIMIA.
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.