With initial $8-million close for Nex Gen VC Partners, KJSM Ventures’ team targets more early-stage tech startups
After deal flow exceeded their family office’s capacity, the McKays built a VC fund.
Funding
Oil and gas-backed Climate Investment leads $12-million CAD round into SensorUp’s methane leak-detecting platform
Climate Investment is a specialist investor funded by OGCI, an organization of oil and gas CEOs.
Part3 serves North American construction mega-projects. With new funding, “the vision is bigger”
Toronto startup has secured $2.8 million, backing from Levelset founder to streamline construction admin.
BDC’s Climate Tech Fund backs Carbon Upcycling in new $34.4 million CAD round
Calgary startup claims to reduce the amount of cement used in concrete production by up to 50 percent.
Foxquilt raises $12 million to expand small business insurance solution in North America
Foxquilt uses data analytics and AI to match businesses with insurance products.
Vital Biosciences reveals desktop blood-testing device with funding from OpenAI, Salesforce CEOs
After the bloody mess at Theranos, Vital is among the new wave of startups developing accessible diagnostics.
PasswordBox, Intel alums build enterprise low-code tool for natural language models
HumanFirst’s backers include Panache, Inovia, and Real Ventures.
MindBridge closes $60 million USD from US growth equity firm, appoints interim CEO
AI-powered auditing-tech firm adds new interim leader as CEO and founder depart.
Practice Better acquires That Clean Life for a healthy-sounding eight figures to continue expansion
An eight-year collaboration has ended in acquisition for the two Toronto healthtech startups.
Solink secures $60-million USD Series C and backing from Goldman Sachs to become cloud video surveillance leader
As the security market shifts to cloud, Solink looks to scale.
Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
Funding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
Liberum raises $1.8 million for ‘protein synthesis as a service’
The Toronto-based startup creates custom proteins for everything from medical applications to household products.
3D BioFibR secures $3.52 million in seed funding for automated collagen fibre manufacturing
3D BioFibR’s collagen fibre can be used as an artificial tendon in soft tissue repair research.
Cohere secures strategic investment from SAP as enterprise demand for generative AI grows
Toronto-based Cohere has also partnered with McKinsey.
ProShop ERP raises $32 million to help manufacturers digitize operations
ProShop has previously been a founder-financed company for seven years.