Canada’s auto tech industry crashes into a triple emergency
Exro, LeddarTech, and Lion Electric are all scrambling to make deals to stay afloat.
Funding
Verdi raises $6.5 million to reduce farmers’ irrigation irritation with automation
Vancouver-based startup has more than doubled its team size over the past year.
Redstick Ventures wants to give foodtech a seat at the table
Cross-border VC closes $6.5-million Fund I to invest in food production tech.
Amplify Capital adds Craig Hunter as partner while raising its third impact-focused fund
New fund has closed about 70 percent of its target, managing partner says.
Una Software secures new seed funding as startup adds AI into its financial planning platform
Staircase Ventures-led round brings Una’s total funding to $10 million USD.
Tentree spinout Veritree announces $9.1-million CAD Series A to help companies manage nature restoration projects
Vancouver cleantech startup recently hit 100 million trees pledged through its platform.
University of Waterloo-backed Velocity Fund II holds $14-million initial close
First VC fund backed by Canadian university endowment has deployed into five startups so far.
Opportunity Calgary Investment Fund’s new Express stream invests $3.5 million of fast funds across 23 companies
ZayZoon, Carbon Upcycling, CoolIT Systems plan to hire and train personnel with capital injection.
Biotech Intrepid Labs exits stealth with funding from Radical Ventures and Avant Bio
University of Toronto spinout looks to fast-track drug formulation with machine learning and robotics.
Imperial Oil donates $37-million lab to SAIT for energy research
Gift to Alberta college plans to help advance applied research while connecting students with experts.
Ontario invests $56 million to power “homegrown” automotive and mobility companies amid trade war
Provincial government wants domestic companies to play global roles in electric and autonomous vehicles.
Anges Québec looks to expedite early-stage rounds with co-investment angel fund
Elevia Fund plans to deploy between $1 million to $3 million every year across eight to 10 startups.
Amilia raises $35 million led by Vertu Capital to help more community centres manage operations
Management and payments platform supports 6,600 recreation facilities across North America, including the YMCA.
Active Impact Investments holds $110-million final close for third climate tech seed fund
Managing partner says firm chose to execute strategy over extending fundraise to hit original $120 million target.
Unblocked raises $27.5 million Series A to make sure developers actually understand their code
Unblocked looks to bridge the knowledge gap as AI-generated code becomes commonplace.