FreshBooks reveals new CEO Shaheen Javadizadeh after securing $179 million in debt from Morgan Stanley
Company expected to use new facility to refinance existing debt as interim CEO Mara Reiff moves to COO.
Funding
Sprout Family raises $1.7 million pre-seed round to make fertility benefits more accessible in Canada
Platform helps employers include fertility, surrogacy, and adoption coverage in their health plans.
As trade war rages, Page raises $4.1 million to help organizations track government changes with AI
Ex-Shopify employees plan to expand their government-relations platform to US and UK.
Summit Nanotech closes $36.5-million funding round to commercialize lithium extraction tech
Cleantech startup has been seeking an elusive high-value Series B round since its last raise in 2023.
Doormat becomes Ownright, closes $4.5 million to help more Ontarians seal real estate deals
Toronto startup aims to build Canada’s “go-to legal partner for real estate transactions.”
Canada invests $36.6 million in Strategic Innovation Fund technology networks
In his last days in ISED role, Champagne announced SIF funds for agtech, cleantech organizations.
Former Klue sales reps secure $500,000 to make cold calling easier with Quack
Quack claims reduced wait times for sales folks tired of prospects ducking their calls.
Mining magnate Pierre Lassonde donates $50 million to establish deep tech institute at Polytechnique Montréal
Institute aims to establish itself as a partner for major tech initiatives in Bromont, Québec City, and Ottawa.
Phoenix secures equity funding from Valspring, venture debt from CIBC for prescription drug service geared to men
Toronto healthtech startup plans to at least double its team with $50 million in equity and debt.
Novarc Technologies raises Series B round led by Export Development Canada
Novarc recently partnered with a Wisconsin-based welding manufacturer to develop AI-powered welding solutions.
Québec’s dismal seed-stage performance could spell trouble for province’s startup pipeline
Steep seed-stage deals drop in 2024 a “concerning” sign for ecosystem, some experts say.
Augmenta closes $14.4 million CAD to advance quest towards AI-driven building design
Autodesk alums plan to refine electrical system tech, move into plumbing and mechanical.
Xatoms and Knead take home top prizes amid strong Canadian showing at SXSW pitch competition
Canada was represented in five of the more than 70 companies pitching.
Canadian government opens $300-million AI Compute Access Fund in latest AI commitment
Fund follows recent refresh of feds’ AI Advisory Council and release of public service AI strategy.
Government of Canada commits over $6 billion to help businesses weather trade war
EDC and BDC get a big boost to support businesses affected by tariffs and market uncertainties.