Harvest Ventures, New York-based IA Capital back Summit’s $3.5-million seed round
Digital insurance broker offers range of products, including to other FinTech firms.
Funding
Government software provider Clariti Cloud secures $24.6 million CAD from Vistara Growth
Clariti’s co-CEO is seeing increased demand for digital government services.
IPON invests $4.6 million to build IP capacity at post-secondary institutions
IPON has made $6.6 million in investments in the last year.
Define Capital closes $20 million to acquire and nurture profitable niche software companies
New Toronto private equity fund aims to follow in Constellation’s footsteps.
Federal government commits $2.4 billion to AI compute, startups, and safety through Budget 2024
Liberals aim to help “maintain Canada’s competitive edge” in AI with new spending.
Eirene raises $4.1-million seed round to simplify end-of-life solutions
Funding will support Eirene’s expansion into the US.
With $7.75 million CAD, new CEO, Boston office, TrojAI looks to expand operations
Incoming CEO Lee Weiner was previously senior executive at Boston-based Rapid7 for 11 years.
Brim Financial closes $85-million Series C led by EDC to fund US expansion
FinTech firm fuels up to accelerate growth south of the border.
With latest funding and Scotiabank partnership, Willful sets its sights on profitability
After launching in PEI and Newfoundland in January, Willful now serves all 10 provinces.
BeniPlus secures $1.1 million to simplify employee benefits
BeniPlus offers a wallet system for employees to allocate benefits depending on their needs.
Feds, Québec commit $16 million to create an AI computing cluster at Université Laval
The funding follows recent calls to increase Canada’s AI computing power.
Carbonova secures $6 million to turn GHGs into carbon nanofibres
Alberta firm fuels up to expand its commercial production capabilities.
Tofu nets $1.2 million to fast-track hiring for tech startups
Company’s backers include Night Capital, Garage Capital, Wayfinder Ventures, Ritual Capital.
Ontario Budget 2024 tops up existing funds and innovation centres, allocates funding to healthtech procurement
Province hints that the OSC is developing new rules to support angel investors.
Initiatives from R-LABS, OCI call for a tech-first approach to solving Canada’s housing challenges
Ontario orgs commit to funding proptech, construction tech startups and projects.