BDC and MaRS IAF announce initial $5 million close of women founder-focused fund
BDC and seed-stage investor MaRS Investment Accelerator Fund (IAF) announced the first close of StandUp Ventures Fund I, with…
Funding
OMERS Ventures closes $300 million third fund
OMERS Ventures has closed its third fund, confirming $300 million in commitments. OMERS Ventures currently has $800 million…
Universe co-founder launches latest venture, Growlabs, with $3 million in funding
In June 2015, Ben Raffi sold the startup he co-founded, Toronto-based Universe, to Live Nation. Almost two years later, Raffi’s…
Zymeworks raises $80 million CAD in IPO
After announcing plans to raise $110 million CAD in an initial public offering (IPO) last week, Vancouver-based Zymeworks announced…
BDC Capital investing $280 million over two years in Atlantic Canada businesses
BDC Capital announced a $280 million fund for small and medium-sized businesses located in Canada’s four Atlantic provinces.…
Pythian raises $15 million from BDC Capital for European expansion
Ottawa-based Pythian, an IT company that helps businesses compete by adopting disruptive tech such as advanced analytics and…
Canadian gov’t invests $37.4 million in college innovation hubs, research projects
The Government of Canada announced $37.4 million in funding for 37 projects at colleges, institutes, and CÉGEPs across Canada.…
Alberta gov’t dedicating $100,000 to grant program that helps Indigenous women launch businesses
The Alberta government has tripled funding for a program that funds community projects supporting women’s safety and…
Today in FedDev Ontario funding ($2.5M): YEDI Institute, Noblegen
This week, FedDev Ontario has announced two financial contributions to accelerators and startups across Ontario. Here’s the…
Ontario and Toronto gov’ts partner to give Founder Institute grads $5,000 grants
Founder Institute, a global seed accelerator founded in Silicon Valley, announced that graduates of its Toronto 2017 program…
BDC Capital commits $1.8 billion to SMBs seeking growth capital
BDC Capital announced that it is committing $1.8 billion to asset-light small and medium-sized enterprises — such as tech…
Empowered Homes raises $600,000 to take the customers that Nest can’t serve
When Joshua Green was working as an energy auditor in Newfoundland, part of his job was visiting people in their homes to find…
Hootsuite launches $5 million fund to get more devs building enterprise integrations
Hootsuite has launched the Integration Fund, a $5 million, multi-year fund to support developers building enterprise integrations…
WeWork wants Toronto startups and nonprofits to apply for part of $20 million Creator Awards
WeWork announced that it is opening up its Creator Awards initiative to Toronto. The Creator Awards will award more than $20…
Zymeworks plans to raise $110 million from its IPO
Vancouver-based Zymeworks plans to raise $110 million from a sale of as many as 5.2 million common shares at $13 USD to $16…