Shopify alums secure $7-million CAD seed round for AI mobile commerce platform Reactiv
Despite commitment to build in Canada, Reactiv chose more “ambitious” US-based investors.
Funding
Father-son Schwartz duo team up with FinTech founders to launch Exit North Ventures
Leaders of Canadian Fintech, CLA, Financeit, LendCare, others look to back FinTech startups with $20-million fund.
BC’s Centre for Innovation and Clean Energy makes $3 million available for women-led cleantech companies
New funding aims to address the underrepresentation of women founders in Canada’s cleantech ecosystem.
Procurify launches new accounts payable product following growth capital from CIBC
Procurement startup secured $68 million CAD Series C round in 2023.
Mave reveals $2 million CAD in pre-seed funding following beta launch of real estate AI assistant
Startup wants to reduce the hours agents and brokers spend on administrative tasks.
Québec launches $4.5-billion CAD Grand V funding initiative for sustainable innovation projects
Program offers debt and equity financing for companies looking to increase productivity and green-ify operations.
Chris Albinson departs as Communitech CEO but keeps reins of True North Fund
True North Fund announces second close with three unnamed investments to date.
Canadian-founded, YC-backed Revyl closes $1.5 million CAD to help companies catch bugs with AI
Uber experiment leads to bug-solving spinout built to replicate end-user testing.
Montréal healthtech startup with transatlantic ties raises $43 million CAD for RNA-based cancer immunotherapies
Investissement Québec and Fonds FTQ supported Epitopea’s pre-Series A round.
CABHI and EnvisAGE unveil funding programs for Canadian AgeTech startups
EnvisAGE dispensed $5 million to 16 projects while CABHI opened applications for a new accelerator program.
Parachute closes $1.5 million to help struggling Canadians improve their financial health
Decades after filing for bankruptcy, Bruce Hodges aims to give Canadians another option.
Planetary Technologies secures $15.8-million CAD Series A to alkalize the oceans and fight climate change
Startup’s platform claims to to enhance the ocean’s ability to remove carbon dioxide from the atmosphere.
Moment Energy secures $28.1 million CAD from US Department of Energy to establish gigafactory in Texas
New facility is expected to produce one gigawatt hour annually, enough to power over 750,000 homes.
Applications open for federal SMB programs aimed at AI adoption
The $300 million programs are part of the 2024 federal budget’s $2.4 billion AI package.
Kraken Robotics raises $51.75 million CAD through bought deal public offering
Toronto-based investment bank Cormark Securities served as lead underwriter of the offering.