Nord Quantique closes $9.5 million seed round co-led by BDC Capital’s Deep Tech fund
Nord develops hardware for fault-tolerant quantum computing.
Funding
Elastic Path secures $60 million to scale “composable commerce movement”
The round brings Elastic Path’s total funding to $120 million.
Canadian biotech leader Clarissa Desjardins secures $63 million CAD for Congruence Therapeutics
PerkinElmer and Ipsen purchased two of Desjardins’ previous companies.
D-Wave hopes to raise $431 million CAD as it prepares to go public via SPAC
Quantum computing startup aiming for a $1.5 billion valuation.
With Portage backing, New York-based LoanStreet eyes Canadian market
Portage Ventures’ Adam Felesky believes “Canada could be an interesting market for LoanStreet.”
Dozr raises $27.5 million in Series B funding to support US expansion plans
The heavy equipment rental startup aims to replicate its Florida playbook in other markets.
iGan Partners, Faisal Belhoul launch Arabia medtech fund with $250 million USD target
The fund has invested in Okadoc, Exact Imaging, eSight, and MolecuLight.
Stamped AI closes $2 million to simplify financial statement prep for SMBs
Stamped AI describes itself as a “tech-enabled audit firm.”
LeddarTech scores $140 million USD in Series D funding and debt
LeddarTech builds tech systems that support autonomous vehicles.
Amplify Capital closes $30.7 million for second fund, eyes Québec startups with Montréal office
To date, the MaRS spinout has backed 7 companies through Fund II.
Proptech startup VendorPM raises $6 million in Bessemer-led seed round
VendorPM earmarked the new capital for US expansion.
ClearEstate raises $16.8 million CAD to help the grieving deal with estates
Lead investor OMERS Ventures says “end-of-life products” deserve more thoughtful solutions.
Gandeeva Therapeutics raises $40 million in Series A funding to scale precision imaging tech
Venture capital firms Lux Capital and Leaps by Bayer led Gandeeva’s round.
Hydrogen production tech startup Ekona Power closes $79 million Series A
The round was led by oilfield company Baker Hughes.
White Star and OMERS-backed Wrk wants to be “Uber for office tasks”
Wrk on a mission to automate the future of, well, work.