Provision raises $7 million USD to build AI co-pilots for pre-construction estimates
Toronto startup wants to help firms like EllisDon “gut check” pre-construction work.
Funding
ABK Biomedical raises $35 million USD to bring liver cancer treatment to market
Series D funding will support commercialization of Halifax company’s Eye90 microspheres.
Pawsible Ventures looks to sniff out opportunities in pet health
Vancouver-based studio’s inaugural fund is fetching $10 million to help build pet health startups.
Dominion Dynamics secures $4 million to modernize Arctic surveillance
Pre-seed round backed exclusively by Canadian investors, including Garage Capital and Golden Ventures.
BDC commits $100 million to boost rural entrepreneurship across Canada
Bank partners with Community Futures network to help founders in remote areas access capital and advice.
Spellbook raises $50-million USD Series B led by Khosla Ventures
St. John’s-founded legaltech company hits $350 million USD valuation.
Mark Cuban-backed TransCrypts closes $20-million CAD seed round
Canadian-founded startup placing “significant focus” on hiring for its new Toronto office.
PhenoTips raises $2 million to expand “genomic health record” platform’s global reach
Startup will expand in Canada and the UK while laying groundwork in the US, Europe, and Middle East.
Radical Ventures holds $650-million USD final close for new early-stage AI fund
Fund backed by $75-million USD contribution from The Canada Pension Plan Investment Board.
Inaugural Melamoon pitch competition awards $200,000 to Black founders
Winners include a smart hard hat for construction workers, a comfort-food startup, and a skincare brand.
Telegraph Ventures secures $35 million to back enterprise AI startups in Québec
The provincially backed spinoff fund aims to “catalyze” floundering pre-seed market.
Cohere’s valuation hits $7 billion USD following $100-million round extension
Canada’s leading AI company raised $500 million USD at a $6.8 billion valuation in August.
Simple Ventures announces $15 million to bring innovation and talent back to Canada
Major companies like TD and Sun Life back venture studio’s vision.
Mycroft raises $3.5 million USD to deliver “Goldilocks” security for startups
Ex-PartnerStack leaders want to give SaaS companies enterprise-grade security without the overhead.
BDC pledges $50 million to help women entrepreneurs buy businesses from aging owners
Thrive ETA Fund combines capital, training, and mentorship for women buying firms from retiring business leaders.