Paytm, PSP Investments alumni announce $5.25 million to build a super app for Canadian immigrants called Beacon
Beacon aims to become ‘the trusted brand for immigrants to Canada.’
Funding
CoLab raises $28.6-million CAD Series B to grow its team and incorporate AI
CoLab CEO Adam Keating said he expects to grow the team from 86 to 125 employees by the end of the year.
Blossom closes $2.1 million to grow its investing social network in the US
After abandoning its brokerage vision, Blossom plans to remain a social platform.
Bench and Shopify alumni announce $11 million CAD to build “the Stripe for accounting” with Teal
Vancouver-based Teal provides bookkeeping infrastructure to vertical SaaS companies.
Q1 Canadian VC funding posts mixed results as PE market rebounds, CVCA reports
Pre-seed, seed-stage VC funding declines as late-stage investment continues descent.
Gatik secures $41 million CAD from Isuzu Motors as pair expands partnership to build autonomous trucks
Japanese automaker and tech firm with Canadian ties gear up to deliver driverless trucking.
Relocalize closes $2.3 million to decarbonize the food supply chain with micro-factories
Starting with Florida, Relocalize aims to take its ice-making tech across the southern US.
ThinkLabs AI spins out of GE with $6.8 million CAD to simplify electrical grid management
Opus One founder aims to help modernize the grid with his latest cleantech startup.
Bōde secures new funding to streamline home sales with AI
Backed by Thin Air Labs, Calgary-based startup receives $4 million in equity and debt to scale platform.
Nfinite Nanotech closes $8.9 million CAD to nanocoat sustainable packaging
Nfinite says its ultra-thin barrier seals sustainable packaging while maintaining recyclability.
Baseline closes $2.2 million CAD to help private lenders manage their businesses
Lender-turned-software-startup targets growing private lending market.
The Growcer raises $3 million Series A backed by former Farm Boy Co-CEO Jeff York
Growcer develops vertical farms in modular containers to help combat food insecurity in challenging climates.
Maia Farms secures $2.3 million as it looks to turn mushrooms into meat alternatives
Startup recently won a space food challenge hosted by NASA and the Canadian Space Agency.
ACOA grants Springboard Atlantic $9.8 million to aid research commercialization
Springboard’s 19 member institutions contributed an additional $5.2 million to the organization.
Applications open for Innovate BC’s Ignite program to fund local R&D projects
Grants of up to $300,000 are available to BC initiatives in cleantech, energy, mining, agriculture.