7Gen charges up with $48 million in debt from UK’s Zenobē to help more Canadian businesses adopt EVs
7Gen claimed that this is the largest private EV debt financing in Canadian history.
Funding
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.
Xaba aims to make industrial robots smarter with $8-million CAD seed extension
Low-code software serves as a robot’s “synthetic brain,” according to the company.
Corinex secures $42 million CAD to continue its European expansion
Corinex’s sensors and software help utilities providers monitor their power grids.
Puzzle Medical raises $43 million to pursue clinical trial of less-invasive device for patients with heart failure
Second Series A round co-led by family office of former Liberal leadership candidate Frank Baylis.
Blumind secures $20-million Series A to build the AI chip we’d have if computers didn’t exist
Ottawa fabless chip startup says it plans to get its first product into production next year.
Scale AI offering $30-million envelope for Canadian companies to accelerate AI adoption
Government-backed AI hub to cover up to 40 percent of “high-impact” AI projects completed this year.
Corporate VPN startup Tailscale secures $230 million CAD Series C on back of “surprising” growth
Company achieves $2 billion CAD valuation after doubling customer base in 10 months.