Power Financial now claims 89 percent stake in Wealthsimple following $30 million investment
Power Financial, a notable investor in the FinTech space and a backer of companies like Borrowell, Clearbanc, Koho, and League,…
Funding
Koho raises $42 million Series B inside round led by Portag3 Ventures
Toronto-based FinTech startup Koho announced the close of a $42 million Series B round today, led by Portag3 Ventures, with…
Google invests $500,000 in Actua to develop AI education programs across Canada
Google has announced a grant of $500,000 to Actua, Canada’s largest STEM outreach organization, to develop an artificial…
Halifax-based SalesRight receives $250,000 in pre-seed funding
Halifax-based SalesRight, a cloud-based platform that helps B2B sales teams to create custom, interactive pricing guides,…
Ontario Telemedicine Network lays off 15 percent of staff following provincial cuts
This week, the Ontario Telemedicine Network (OTN) laid off 44 workers following a cut to the agency’s provincial funding.…
Laval incubator receives $100,000 to accelerate smart mobility technology
The Laval Smart Mobility Incubator and Accelerator (CIAMIL), a non-profit organization based out of Laval, QC, has received…
VanillaSoft receives additional $3 million loan for sales engagement platform
VanillaSoft, a tech-enabled sales engagement service, has received a $3 million loan from the Fonds Régional de Solidarité…
Locketgo raises $1.2 million seed round for turnkey smart locker service
Locketgo, which offers mobile-charging lockers for event attendees, has announced the close of a $1.2 million round of seed…
Federal government launches $12 million initiative for Quebec incubators, accelerators
The Canada Economic Development (CED) for Quebec Regions is calling for proposals for its new Incubators and Accelerators Driven…
Women Entrepreneurship Fund announces Alberta recipients
Minister of Small Business and Export Promotion Mary Ng has announced the Edmonton and Calgary-area companies that will be…
Pyrowave wins $20,000 at BASF Canada’s startup challenge
Pyrowave, a Montreal-based plastics recycling company, has been selected as the winner of BASF Canada’s startup challenge.…
BestLifeRewarded Innovations receives $100,000 from Women Entrepreneurship Fund
Personal wellness platform, BestLifeRewarded Innovations (BLRI), has received $100,000 from the federal government’s Women…
Nanotech company Nicoya receives $2.57 million FedDev Ontario investment
Waterloo-based nanotechnology company Nicoya is receiving a $2.57 million investment from FedDev Ontario, which the government…
University of Ottawa’s MakerLaunch startup program gets a $1.5 million boost
The University of Ottawa’s faculty of engineering has received a $1.5 million CAD investment for its startup program MakerLaunch.…
Carleton University receives $1 million in FedDev Scale-Up Platform funding
Carleton University has received more than $1 million as part of the federal government’s recently announced $52.4 million…