DMZ Ventures launches new fund for early-stage startups
The fund will make up to 10 investments per year, ranging from $100,000 to $250,000 CAD.
Funding
Tax credit, grant financier Finalta Capital secures $31 million in funding
Lender aims to provide additional $100 million in tax credit and grant financing over the next two years.
Two Small Fish Ventures holds $41-million CAD final close for Fund III
Firm is tapping into its “superpowers” to spot early winners in frontier tech.
Led by former Solium CEO, CreditApp secures $2.7 million to commercialize auto lending software
Inovia-backed CreditApp aims to bring innovation to the auto-lending market.
Northleaf and Kensington both close their VCCI-backed funds
VCCI-backed funds-of-funds feature respective $370 million and $290 million war chests.
Zero Point Cryogenics secures $2.67 million to help cool quantum computers
The non-dilutive funding came from PrairiesCan and the City of Edmonton’s Edge Fund.
Legaltech startup Alexi looks to ramp up hires with $15 million CAD in new funding
Startup hopes to almost triple team size by the end of this year.
Kardium secures $143 million CAD to help bring irregular heartbeat treatment to market
The financing follows Kardium’s $158-million CAD round in 2021.
Parity closes $26-million CAD Series B round as it eyes new verticals, markets for HVAC optimization software
Startup says it has delivered energy savings across over 65 million sq. ft. of real estate.
FLO charges ahead with $136 million CAD to expand network, product line
EV charging firm sees support from EDC, CDPQ, Investissement Québec, and more in latest financing round.
Inovia raises initial $300 million USD for CDPQ-led third growth equity fund
First close brings Inovia two-thirds of the way to its $450-million target.
Canada’s AI Global Innovation Cluster invests $31.3 million across 22 projects
Alongside partner participation, Scale AI says the projects represent a $96-million investment.
Surveillance hardware tech startup Vosker secures $171.2 million CAD in debt financing
Startup develops solar-powered remote-monitoring cameras that work without Wi-Fi or electricity.
McRock Capital announces initial $111-million CAD close of third fund
McRock had previously set a $200 million target for Fund III.
Mesosil secures $2.2 million to develop infection-fighting biomaterials for medical devices
GreenSky-backed University of Toronto spinout has set its initial sights on dentistry.