Northleaf and Kensington both close their VCCI-backed funds
VCCI-backed funds-of-funds feature respective $370 million and $290 million war chests.
Funding
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.
Feds resume SDTC funding under NRC following damning AG report
Auditor General found “significant lapses” in STDC’s governance and management of public money.
Apollo Insurance closes $18.5 million CAD for new buy now, pay later subsidiary
FinShore allows Apollo’s customers to defer payments on their insurance premiums.
After validating “enterprise farming playbook” in the US, IntelliCulture closes $3.5 million
AgTech startup is now looking to grow its team, double down on R&D.
Acorn Biolabs announces $11-million CAD Series A to boost access to regenerative medicine via cell preservation
Biotech startup aims to unlock hair regrowth, skin rejuvenation, disease treatment by preserving cells.