University of Calgary becomes XPrize Foundation’s first international hub
Alberta and Calgary governments each gave $1.5 million to the initiative.
Funding
Exterra secures $20-million Series A to turn mining byproducts into decarbonization gold
Cleantech company hopes to open Québec asbestos mitigation plant by 2027.
General Fusion lays off staff, looks for funding as capital suddenly runs dry
Trade tensions and hesitant investors threw the company into uncertainty.
WonderFi co-founder’s new startup xTAO to list on TSXV following merger with Adrianna Ventures
Decentralized AI company hopes to raise $10 million USD via private placement.
Opportunity Calgary Investment Fund receives $60 million to scale local businesses
Four-year initiative aims to scale local companies and attract talent.
Dozr founding CEO Kevin Forestell moves to chair while Dave Frazier joins as president
Frazier brings combo of construction and tech experience to Kitchener-Waterloo scaleup.
Veerum raises $12-million Series B to create “digital twins” for heavy industry
The startup helps oil, energy, and construction companies visualize their operations.
Cleantech accelerator CICE invests $2.5 million in women-led climate ventures
The BC companies aim to turn waste products into clean energy, batteries, and even acoustic panels.
Reusables looks to help cafeterias scrap single-use containers with $3.6-million seed round
Co-founder claims Reusables’ university clients reuse over 500,000 containers in just two semesters.
Cinema tech startup Axibo raises $12 million to kickstart humanoid robot division
After working with Apple and Netflix, Axibo looks to debut a made-in-Canada robot next year.
Québec grants Centech $4.5 million to boost deep tech, medtech commercialization
Puzzle Medical, Eli Health graduated incubator-accelerator program run out of École technologique supérieure.
Brightspark spinout Brio nabs $3 million to help other VCs manage their LPs
Brio co-founder and CEO Audrey Ostiguy described Brio as Brightspark’s “secret sauce.”
7Gen charges up with $48 million in debt from UK’s Zenobē to help more Canadian firms adopt EVs
7Gen claimed that this is the largest private EV debt financing in Canadian history.
Canadian-founded Fluent Ventures bets on global startups with $40-million USD early-stage VC program
Fluent sees Canada as “a core geography” as firm eyes innovation beyond Silicon Valley.
Government of Ontario investing $750 million in STEM programs to bolster talent pool in face of tariff threats
Commitment anticipated to support more than 20,000 STEM seats across the province per year.