University of Alberta targets $50 million with new innovation fund, announces first investment in AI system control startup
The university plans to reinvest returns from the donor-fuelled fund into “future innovations.”
Funding
With new funding, Astrus has secured $3.6 million CAD to date for its AI microchip design offering
Astrus wants to cut down the time-consuming analog microchip design process.
Restaurant software startup Snappy secures $7-million Series A round
As restaurants continue to digitize, Snappy’s new investor believes the solution is a flexible option for a “fractured…
Federal government commits $2.7 million to new education project through Women Entrepreneurship Strategy Ecosystem Fund
FAIR.E, launched this week, will provide entrepreneurship education programs to 1,800 women in six provinces.
Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.
Hiive secures $5.7-million CAD Series A to improve VC secondary trading
Hiive is still seeing a significant bid-ask spread for secondary stakes on its platform.
Cycle Momentum receives $22.25 million in provincial backing, launches matching cleantech funding program
Origo will offer Québec-based pre-seed and seed-stage startups with $150,000 CAD in funding.
Ripple Ventures plants flag in Vancouver as firm envisions “coast-to-coast” Fund III
With Fund III backed by RBCx and VCCI, Ripple Ventures plans to hold final close by year’s end.
Ten Key Labs secures $10.5 million, launches AI equity management tool for founders
Extreme Venture Partners, Xtreme Labs alum secures backing from Craft Ventures, Shopify angels, Wave co-founder.
HaiLa Technologies closes $14 million CAD strategic investment featuring Japanese manufacturer Murata Electronics
HaiLa says funding will fuel R&D for its IoT chips and solutions.
Buddybuild founder is back with new code-assist platform Unblocked
Amplify Partners, Slack founder Stewart Butterfield among Unblocked’s investors.
Vendasta closes $20-million Series E to fund acquisitions, converts existing debt into equity
Foundry partner Brad Feld joins board, sees Vendasta as a “natural consolidator” of B2B SaaS firms.
Federal government announces first VCCI inclusive growth stream VC fund recipients
BKR Capital, District Ventures Capital, Ripple Ventures, Sandpiper Ventures, The51 receive portion of $25 million.
FluidAI Medical announces $15-million Series A for AI-driven postoperative monitor
Series A round comes almost exactly one year after rebranding from NERv Technology.
Quickly secures $10 million in equity and debt to help businesses pay vendors promptly
Quickly claims to solve the delayed-payment problem for B2B companies.