Clio tops $4-billion CAD valuation with largest software funding round in Canadian tech history
New investors pool $900 million USD after legaltech hits $200 million in ARR.
Funding
Cohere Series D hits $500 million USD raised at $5.5-billion valuation
BetaKit reported in June that Cohere had secured $450 million with hopes of raising more at a $5-billion valuation.
Ethica secures $2.3 million to deliver “enterprise-grade” internet access to emerging markets
GreenSky-backed Ethica aims to improve internet reliability across Africa, India, other regions.
Acel Power raises $13.6 million CAD to ramp up production of battery-powered boat motors
Startup plans to bring 150- and 250-horsepower motors to market in the fall.
Corporate events and travel startup Planned closes $35-million Series B, adds Hopper CEO to board
The startup plans to automate “tragically old school industry” and expand internationally.
Ex-DeepMind researchers secure $17 million CAD to bring generative AI to video games with Artificial Agency
Toyota and Radical-backed startup aims to transform NPCs, game systems with AI.
Shoppers Drug Mart strikes commercial partnership with Weston-backed blood-testing startup Truvian
The San Diego-based startup is looking to secure FDA and Health Canada clearance for its blood-testing platform.
ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.
Fifteen years after spinning out Hootsuite, Invoke gets with the Incrowd
How the digital agency founded by Ryan Holmes returned to its product-building roots.
Emissions Reduction Alberta commits $44.4 million to 21 cleantech projects
Startups such as Wyvern and Arolytics received funding from ERA’s Emerging Innovators Challenge.
RainStick Shower soaks up $2.6 million CAD as it eyes expansion in Canada and the US
The startup’s product was named one of TIME’s Best Inventions of 2023.
Ceragen closes $2.7 million CAD to boost greenhouse food production with “probiotics for plants”
After developing tomato and lettuce products, Ceragen aims to grow into cucumbers and strawberries.
Ocean Startup Project enters third phase with $8 million and economic growth goals
Canada’s Ocean Supercluster wants to grow the nation’s ocean economy by a factor of five by 2035.
Xatoms, Juno win big at Startupfest 2024
Xatoms wins three awards totalling $250,000, while Juno scores $100,000, plus BDC matching offers.
GPs and LPs at Startupfest expect gradual recovery with 2024 on pace to be worst for Canadian VC in a decade
Industry leaders expect more turnover, fundraising challenges for emerging managers.