US-based JMI Equity buys out Safe Software co-founder in strategic investment
30-year-old BC firm hopes to hit $250 million in annual revenue in five years.
Funding
Requity Homes secures $26 million for rent-to-own platform as high interest rates loom over prospective homeowners
Requity aims to help renters become homeowners in markets outside of Toronto and Vancouver.
Clinia secures Series A funding, partnership with Telus Health to deploy its search tech
CEO says endorsement from Canada’s largest healthtech player gives Clinia “visa” it needs to catch big US fish.
CDPQ invests $136 million CAD into AppDirect financing program for tech advisors
Investment builds on initial $100 million AppDirect received from the pension fund in 2021.
Social Finance Fund-backed Realize Capital Partners reveals first nine investments
Recipients include Idealist, Maple Bridge, PaceZero, Raven, Relentless, and The51.
Ionomr Innovations raises $26.7 million CAD to boost green hydrogen sector
Simon Fraser University spinout has raised $55.4 million CAD to date.
Inverted AI closes $5.3 million CAD in seed funding for vehicle safety simulation tech
Startup builds AI-powered non-playable characters for advanced vehicle testing.
Friendlier closes $5-million seed extension for reusable packaging solution
Cleantech startup claims it has helped reuse over one million containers.
Woveo closes $2.3 million to expand community wallet platform for underserved banking customers
As cost of borrowing increases, Woveo wants to help non-prime customers save, build credit.
Y Combinator graduate Terminal closes $4.2-million CAD seed round
Terminal aims to be the Plaid for telematics data in commercial trucking.
Vistara Growth secures $200-million CAD initial close for fifth private credit fund
Vistara sees opportunity post-SVB as bank lenders, VCs pull back.
Leav secures $2.3 million in seed funding for its mobile self-checkout solution
The funding round was led by Nicolas Bouchard’s venture capital firm Exo10.
Durable raises $18 million CAD as it looks to help service-based businesses run on autopilot
Startup claims six million sites have been built with the platform in its first year.
Started in a bar, now we’re here: Startup TNT completes first close of targeted $5-million venture fund
Fund I will write $50,000 cheques to winners of Startup TNT investment summits.
Propel receives $2.9-million ACOA grant to continue virtual accelerator program until 2026
The Government of Nova Scotia committed $1.05 million to Propel in May.