Thomson Reuters launches second Corporate Venture Capital Fund with $215 million
TRV continues to target Series A investments in its legal, tax, and accounting focus areas.
Funding
GTMfund closes $54-million USD Fund II to back more early-stage Canadian B2B SaaS startups
Vancouver VC firm plans to grow its Canadian team, invest more in Canada via Fund II.
CDPQ launches program to help Québec startups pivot amid tariff threat
Provincial government pledges “COVID-like” loans for businesses to reach new markets if tariffs hit.
Federal government launches $175.1 million Canadian Genomics Strategy to advance sector commercialization
Funding for strategy first announced in Budget 2021 to be dispensed over seven years.
University of Waterloo to open GENESIS, a new blockchain and AI research lab
New facilities supported by $1.4-million donation from professor-founded blockchain startup Interop Labs.
RetinaLogik ready to execute on vision with $1.1-million financing, Health Canada Class II approval
Portable eye care device startup sets sights on North American expansion.
Emmertech leads Rayhawk seed round to automate dangerous rail car loading work
Rayhawk’s proprietary technology automates opening, inspecting, closing, and sealing railcars lids.
Teachers’ Venture Growth leads round valuing StackAdapt near $2.5-billion USD
Reports indicate round is largely secondary like a previously undisclosed 2022 Summit Partners investment.
FLiiP raises $4.4 million in seed financing to grow fitness industry management software
Québec gym owner developed platform to streamline operations, customer success.
Mangrove Lithium secures $50.4 million to construct lithium refining plant in British Columbia
Company claims facility will produce enough battery-grade materials annually to power 25,000 EVs.
Sound Blade closes $23.8-million Series A for ultrasound tech targeting liver tumours
Halifax-based startup says tech selectively destroys tumour tissue in non-invasive procedure.
VueReal secures $58.4-million CAD Series C to boost its semiconductor production
Existing backers double down on Kitchener-Waterloo microprinting tech startup.
Canadian-led Nue raises $28.8-million Series A round led by Inovia
San Francisco-based revenue management platform plans to expand globally.
OneVest closes $29-million CAD Series B led by Salesforce Ventures to fuel US expansion
FinTech startup aims to hire 100 employees over the next year.
Conexus Venture Capital makes first Fund II investment into parking software startup Offstreet
Regina-based company closes $2.4-million second seed round amid tough provincial fundraising environment.