DémultiplIA will connect AI startups with academic research (for a price)
Participation in the Québec-backed program will cost startups $105,000 over three years.
Funding
BDC hopes to reverse trend of declining Canadian entrepreneurship through Community Banking initiative
BDC will back local lending partners with co-lending, indirect lending, loan guarantees, and advisory services.
Noble closes $15-million USD Series A to fuel growth of its digital asset issuance platform
Web3 startup aims to help stablecoin issuers after the “carnage” wrought by Terra’s 2022 collapse.
Lightstrike raises $1.1 million CAD pre-seed round to commercialize AI-powered code mapper
Round leader Sprout Fund helped Lightstrike founders “mature at a breakneck pace.”
Sonaro, Celestra, Oasis Learning AI among competition winners at SAAS NORTH 2024
Startup winners collectively took home more than $600,000 from the conference.
Federal government reinvests in Scale-Up Platform with $47.5 million commitment to Invest Ottawa, MaRS, and Communitech
Scale-Up Platform offers regionally tailored programming for entrepreneurs in high-growth sectors.
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.
Canadian-led Medeloop closes $15.5 million USD in Inovia-led Series A round
The founder of exited startup Medesync wants to accelerate clinical research with AI.
‘It’s life or death’: Québec ecosystem frustrated after IQ suspends early-stage program
Impulsion PME no longer accepting applications until further notice.
Report: Québec VC funding continues downward spiral in Q3 2024, but shows early-stage promise
The province has not recorded a growth-stage investment since Q2 2022.
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.
Trolley secures $32-million CAD Series B to expand payout platform’s global reach
Growth equity financing for Montréal-based FinTech startup backed entirely by American investors.
Office management startup GPHY plans to grow sales outside of Québec with $5-million CAD seed round
Company uses anonymized sensors to count in-office employees in the era of hybrid work.
Armed with $1.6 million CAD, runQL wants to take the chaos out of data query management
Communitech’s former CTO wants to save data teams hours in “painful admin work.”
Neo Financial’s $360-million Series D features big names, unanswered questions
Shopify, Slack, PointClickCare, Roblox founders back FinTech scaleup in down round led by unnamed Chinese investor.