BKR Capital secures initial $20 million for second Black Innovation Fund
Firm aims to address growing VC funding gap for Black founders in Canada.
Funding
Xanadu set to go public as SPAC deal clears shareholder vote
Quantum firm will be first Canadian tech company to list on TSX since 2021.
Three Alberta genomics projects land federal funding
Funding part of $20-million nationwide investment into genomics research.
YScope closes $3.9 million USD to track computer activity amid the rise of agentic AI
Two Small Fish backs U of T spinout’s logging infrastructure technology.
PrairiesCan puts nearly $1 million behind SK Startup Institute for entrepreneur training and mentorship
Money comes through PrairiesCan’s Regional Innovation Ecosystem Program.
Boreal Ventures launches second seed fund with $43-million first close
Ex-Lightspeed head JD Saint-Martin takes over as co-managing partner as Montréal VC aims to raise $60 million.
Feds commit nearly $225 million to advance Canada’s sovereign space launch capabilities
Ottawa bets on Canadian rocket launches with $200-million Canso spaceport deal and more for new grants.
Paving the way for a Canadian defence-tech boom
Plus: BetaKit Most Ambitious returns on May 25.
University of Calgary researchers use AI to hunt new treatments for cattle parasites
Team secures $1.4-million NSERC grant for further development and validation.
Femtum thinks its semiconductor cutting lasers are better than yours
Québec startup raises $16 million to get its “practical” lasers inside more semiconductor manufacturers.
Gumloop sticks $50-million USD Series B round to let employees build their own AI agents
Despite leaving for San Francisco last year, Gumloop wants to rebuild its Canadian presence.
BDC expands Defence Platform to $6 billion and names a StrongNorth Fund leader
Feds inject $1.2 billion more into BDC’s strategy to help SMBs seize defence opportunities.
Xanadu in talks with government over potential $390 million for domestic quantum manufacturing
Project OPTIMISM would “significantly advance” company’s roadmap toward utility-scale quantum computing.
Alan raises fresh funding as it entrenches in Canada
French Insurtech firm raises 100 million euros to continue international expansion.
Ottawa gives NRC $900 million for drone innovation hub and defence-focused IRAP stream
Commitment comes through $6.6-billion Defence Industrial Strategy.