Private equity firm Novacap raises more than $1-billion USD for first digital infrastructure fund
Novacap CEO says digital infrastructure will remain in high demand due to growth of AI.
Funding
Canadian quantum commercialization and research projects get federal funding boost
Three commercialization projects get $4.7 million from DIGITAL, NSERC grants $74 million to 107 research projects.
Federal government provides $3.5 million for DMZ’s new Centre for Housing Innovation
New Toronto accelerator aims to help entrepreneurs develop solutions to housing supply challenges.
Moment Energy raises $21.5-million Series A amidst tough funding climate for cleantech hardware startups
EV battery repurposing startup to double size of Vancouver HQ and build gigafactory in Texas.
The51 holds $51-million final close for Food and AgTech Fund amid challenging venture market
ATB Financial contributed the final dollar to the fund that has been raising since 2021.
Lyteflo secures $3 million CAD in seed funding to rev up EV sales platform
SaaS tool for auto dealerships aims to make charging data, incentive savings accessible to consumers.
CCI launches Balsillie-backed innovation policy institute Canadian SHIELD
Ex-BlackBerry co-CEO Jim Balsillie donates $10 million CAD to ‘economic nationalism’ think tank.
League hits user milestone and secures $100-million USD credit facility from RBCx
Financing to support platform development, sales capacity, and potential mergers and acquisitions.
Float raises $70-million Series B CAD led by Goldman Sachs
Funding will be used to broaden product suite and attract talent.
Work automation platform Gumloop raises $24.5-million Series A as it relocates to Silicon Valley
Gumloop CEO says Vancouver suffers because “San Francisco is a very strong magnet for exceptional talent.”
Doctor-led Oxford Cancer Analytics closes $16-million CAD Series A to improve early lung cancer detection
UK and Toronto-based startup applies proteomics and AI to blood tests.
Aspect Biosystems lands $165-million CAD Series B to advance 3D-printed tissue therapies
Financing pushes Vancouver startup closer to clinical trials targeting diabetes, liver disease.
Valsoft reloads acquisition war chest with $216.7-million CAD funding round
Vertical software rollup company made nearly 20 acquisitions in 2024.
Province funnels $9 million into Québec Tech amid critiques over government spending
Minister Christopher Skeete: Québec startups can’t compete at a global scale without government assistance.
In 2024, Canada struggled to find its place in the global AI race
Canada can’t outspend its peers. So how might it outsmart them?