Federal, Ontario governments contribute to Linamar’s $1-billion EV manufacturing investment
ISED commits up to $169.4 million through Strategic Innovation Fund as Trump tariffs loom.
Funding
Canadian-founded Clay achieves unicorn status with $57.5-million raise
Customer research AI startup CEO claims its 6x growth in 2024 prompted existing investors to “double down.”
Optable raises $28.8 million to grow data management solution in United States
Funding for the adtech venture led by Telus Global Ventures with participation from many returning investors.
Wound care device maker MolecuLight secures $39.5 million CAD from UK-based Hayfin
Toronto-based company says funding will support new thermal imaging, 3D visualization features.
AstraZeneca to invest $820-million CAD in Ontario facilities expansion
Invest Ontario providing $16.1-million CAD grant to support life sciences sector growth.
QueerTech launches new 2SLGBTQIA+ accelerator and names Virtual Gurus’ Bobbie Racette board chair
The program launch follows QueerTech’s acquisition of Gradient Spaces last year.
Basetwo closes $16.5-million CAD Series A round to optimize manufacturing with AI copilots
Company claims AI model armed with physics, chemistry expertise can cut inefficiencies in mass production.
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.
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.