Profitable payments startup Zūm Rails closes $10.5-million Series A
Founded by Flinks, Versapay alums, Züm is looking to ramp its US expansion.
Funding
Y Combinator and Yoshua Bengio-backed Armilla AI secures $6 million CAD in new funding
Armilla says its AI model warranty could have covered Air Canada’s chatbot snafu.
Levr.ai closes $1-million seed round for AI-powered loan platform for small businesses
Startup serves companies that “big banks struggle to service and tech startups often ignore.”
Maple VC co-leads $4-million USD seed round for Canadian-led Inference.ai
Palo Alto-based startup is the latest to receive investment from Maple VC.
Supply chain software company Nulogy receives strategic backing from US private equity firm Rubicon
With Rubicon’s experience and more cash on hand, Nulogy is exploring new ways to scale.
Evercloak closes $2-million seed round as it looks to cool buildings without heating the planet
Evercloak’s membranes are aimed to reduce the energy air conditioners consume by more than 50 percent.
Digital transformation consulting firm Levio receives $125-million commitment from CDPQ
Financing deal expected to fuel Levio’s acquisition strategy.
Staircase Ventures bets on Sibli as VC firm reveals first four investments
Sibli uses AI to give asset managers “information advantage” when researching opportunities.
Float secures $50-million credit facility from Silicon Valley Bank to expand its financial products
FinTech firm teams up with SVB again to grow its corporate credit offering.
Northleaf Capital Partners completes final close of $285-million CAD growth equity fund
The technology and healthcare-focused fund surpassed its $269-million CAD target.
Ted Livingston’s new micropayments startup Code closes $6.5 million in seed financing
Kik founder’s new venture wants to help creators monetize their work for as little as five cents.
OpenHouse.ai raises $1.5 million CAD for house-planning and marketing tool
The platform provides insights to builders about desired features and floor plans in certain communities.
Maple VC backs Canadian-founded Dexa’s $6-million seed round
Dexa offers an AI-powered search tool for podcast listeners.
Blockchain startup Hivello raises $3.3 million CAD in pre-seed funding
Hivello wants to democratize access to Web3 projects.
Palisade closes $1.5 million CAD, launches email deliverability score tool
Startup aims to get emails to more inboxes, fewer spam folders.