Bayview Yards receives $1.3 million investment from RBC, CIBC
Ottawa-based Bayview Yards has announced eight founding sponsors that are injecting more than $1.3 million to the innovation…
Funding
Hubdoc raises $6 million to remove the administration from accounting
Hubdoc has raised a $6 million seed round led by the BDC IT Venture Fund and Round13 Capital, with participation from Hyde…
Government of Canada investing $7.85 million into three cleantech companies
The Government of Canada has announced an investment of $7.85 million into three Canadian companies focused on developing clean…
CIRA dedicating $1 million towards projects that increase digital literacy
The Canadian Internet Registration Authority (CIRA) announced that it is deploying $1 million towards 21 projects focused on…
Canadian gov’t dedicating $50 million to coding programs for youth
Minister of Innovation, Science, and Economic Development Navdeep Bains and Minister of Science Kirsty Duncan announced the…
Today in funding ($3.6M): Lanla, Local Logic
This week, several Canadian startups got a boost with rounds of funding. Here’s the latest on who raised how much, and from…
Element AI raises $137.5 million Series A, plans to hire 100 people in Toronto
Canada’s AI ecosystem just got a massive boost with Element AI’s $137.5 million Series A. The funding was led by Data Collective…
Top Hat raises $9 million, launches collaborative platform to disrupt textbook publishing industry
Top Hat has raised $9 million in its Series C follow-on funding from Toronto-based Leaders Fund. The company raised its $29.5…
Figure 1 raises $13 million Series B as it explores new revenue streams
Toronto-based Figure 1, a medical sharing app known as the “Instagram for doctors,” has raised a $13 million Series…
Impression Ventures closes $30 million Fund II to boost Canada’s “massive” FinTech talent
Impression Ventures has raised $10 million for its Fund II, bringing its total funding to over $30 million. Limited Partners…
MaRS giving startups up to $50,000 for embedded executive program
The MaRS Discovery District has opened applications for another round of its embedded executive funding program. The program…
Northleaf Venture Catalyst Fund completes $300 million investment program with $15 million Lumira Capital investment
Northleaf Capital Partners announced that it’s completely deployed its $300 million Northleaf Venture Catalyst Fund,…
New Brunswick Innovation Foundation invests in 500 Startups Canada
The New Brunswick Innovation Foundation (NFIB) has invested in 500 Startups Canada’s $30 million fund, and has become a partner…
Financeit announces funding capacity of $85 million
Toronto-based POS financing platform Financeit has announced the close of a $75 million renewable securitization facility,…
Report: $3.2 billion in VC investments made in Canada last year
BDC has released a report on Canada’s venture capital landscape, and indicated that while there is positive momentum,…