Veerum raises $12-million Series B to create “digital twins” for heavy industry
The startup helps oil, energy, and construction companies visualize their operations.
Funding
Cleantech accelerator CICE invests $2.5 million in women-led climate ventures
The BC companies aim to turn waste products into clean energy, batteries, and even acoustic panels.
Reusables looks to help cafeterias scrap single-use containers with $3.6-million seed round
Co-founder claims Reusables’ university clients reuse over 500,000 containers in just two semesters.
Cinema tech startup Axibo raises $12 million to kickstart humanoid robot division
After working with Apple and Netflix, Axibo looks to debut a made-in-Canada robot next year.
Québec grants Centech $4.5 million to boost deep tech, medtech commercialization
Puzzle Medical, Eli Health graduated incubator-accelerator program run out of École technologique supérieure.
Brightspark spinout Brio nabs $3 million to help other VCs manage their LPs
Brio co-founder and CEO Audrey Ostiguy described Brio as Brightspark’s “secret sauce.”
7Gen charges up with $48 million in debt from UK’s Zenobē to help more Canadian firms adopt EVs
7Gen claimed that this is the largest private EV debt financing in Canadian history.
Canadian-founded Fluent Ventures bets on global startups with $40-million USD early-stage VC program
Fluent sees Canada as “a core geography” as firm eyes innovation beyond Silicon Valley.
Government of Ontario investing $750 million in STEM programs to bolster talent pool in face of tariff threats
Commitment anticipated to support more than 20,000 STEM seats across the province per year.
FundThrough acquires American company Ampla alongside fresh Series B funding
Macroeconomic uncertainty inspired invoice factoring platform to raise $34.6 million CAD.
Long-life startup NiaHealth exits stealth with $2.5 million in pre-seed funding
Edmonton-based healthtech startup aims to reduce disease through preventative health testing.
PolicyMe eyes new insurance products, more big-name partners after raising $30 million over two years
Toronto insurtech startup is investing big in AI but cautious about implementation in “tricky” industry.
Federal government launches loan facility to support enterprises impacted by tariffs
Canada repurposes COVID-era emergency funding agency to provide loans for impacted large businesses.
Amazon’s Climate Pledge Fund joins Cyclic Materials’ extended Series B round
Cyclic now counts Amazon and Microsoft as backers after extending round for a second time.
New early-stage VC fund Trillick Ventures aims to bring funding to “underrepresented” Manitoba
Trillick has closed nearly a third of its $15-million target and made three investments.