Nunafab, SnapWrite, Aruna Revolution among startups to score prize money at Elevate
Fourteen startups cashed in over $290,000.
Funding
Koho secures $190 million CAD in equity and debt to bolster banking licence efforts
CEO said he’s not betting the company on banking licence at Elevate.
Nano One to increase battery material manufacturing capacity with funding from US Department of Defense
$17.8 million CAD to support Nano One’s Candiac, Québec and British Columbia facilities.
Orpyx closes $26.9 million CAD in growth capital to fuel US expansion
Startup has focused on US commercial traction of its shoe-based sensor tech for people with diabetes.
GreenSky’s $15-million first close of Fund VI puts VC firm in rare company
Research indicates only one percent of Canadian VC firms have graduated to a sixth fund over the past decade.
EdTech startup LumiQ receives strategic investment from Vertu Capital
CEO says LumiQ found alignment with Vertu after staying away from institutional venture capital.
Universe alums aim to leverage developer infrastructure experience with Bemi
Bemi announces $1.2 million in funding to help companies track data changes in Postgres.
Microsoft among corporate investors backing Cyclic Materials’ $71-million CAD Series B
Cleantech startup gearing up to expand rare earth recycling infrastructure in the US and Europe.
a16z leads Scribenote’s $11-million CAD seed round to boost AI-powered writing tool for vets
AI scribe startup hopes platform can help veterinarians avoid burnout.
Ayrton Energy raises $9.1 million CAD in bid to expand clean hydrogen solution in the US
Round was co-led by Clean Energy Ventures and BDC Capital.
With Nmbr, former Humi execs want to power embedded payroll products across Canada
Startup is backed with $7.6 million CAD from Panache, Luge, Golden, and Motivate.
Pangaea Ventures closes $115-million CAD impact fund to back sustainability-focused hardtech solutions
Half of Pangaea’s fifth and largest fund has been allocated to date.
Rebelstork secures $24.45 million CAD Series A to bolster tech and operations
All-equity round saw participation from Serena Williams’ and Jay Z’s venture funds.
Teralys Capital says it “should” hit $570-million fund-of-funds target by end of year
Montréal-based Teralys confirmed $475 million raised to date, making it the largest VCCI-backed fund.
Motion closes $30-million USD Series B in bid to become “command centre for creative strategists”
Inovia-backed startup’s software enables creative strategists to turn data into ad ideas.