Tech investor associations urge unified capital strategy ahead of budget
NACO and CVCA ask for seed-matching program, VCCI re-up, Canadian QSBS, and mid-cap support.
Funding
Feds commit $189 million to renew Black Entrepreneurship Program
Five-year extension will expand access to loans, mentorship, and data through three programs.
Ready Plan Go raises $750K to automate accountants’ grunt work with AI
Montreal startup wants to give accountants more time for client advice by letting AI handle paperwork.
Spring Impact Capital closes $14-million fund to grow Canada’s climate and healthtech ecosystem
The Vancouver impact fund has already invested $2 million across eight Canadian startups.
Provision raises $7 million USD to build AI co-pilots for pre-construction estimates
Toronto startup wants to help firms like EllisDon “gut check” pre-construction work.
ABK Biomedical raises $35 million USD to bring liver cancer treatment to market
Series D funding will support commercialization of Halifax company’s Eye90 microspheres.
Pawsible Ventures looks to sniff out opportunities in pet health
Vancouver-based studio’s inaugural fund is fetching $10 million to help build pet health startups.
Dominion Dynamics secures $4 million to modernize Arctic surveillance
Pre-seed round backed exclusively by Canadian investors, including Garage Capital and Golden Ventures.
BDC commits $100 million to boost rural entrepreneurship across Canada
Bank partners with Community Futures network to help founders in remote areas access capital and advice.
Spellbook raises $50-million USD Series B led by Khosla Ventures
St. John’s-founded legaltech company hits $350 million USD valuation.
Mark Cuban-backed TransCrypts closes $20-million CAD seed round
Canadian-founded startup placing “significant focus” on hiring for its new Toronto office.
PhenoTips raises $2 million to expand “genomic health record” platform’s global reach
Startup will expand in Canada and the UK while laying groundwork in the US, Europe, and Middle East.
Radical Ventures holds $650-million USD final close for new early-stage AI fund
Fund backed by $75-million USD contribution from The Canada Pension Plan Investment Board.
Inaugural Melamoon pitch competition awards $200,000 to Black founders
Winners include a smart hard hat for construction workers, a comfort-food startup, and a skincare brand.
Telegraph Ventures secures $35 million to back enterprise AI startups in Québec
The provincially backed spinoff fund aims to “catalyze” floundering pre-seed market.