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.
Funding
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.
Oxio spinout Gaiia closes $13 million USD to develop operations software for other ISPs
Cogeco bought Oxio’s telecom business in March for $100 million.
Alberta Innovates opens applications to $8 million program for AI integrations into provincial health system
Projects eligible for up to $800,000 over three years.
Lemurian Labs secures $9 million in seed funding to expedite AI workloads at a lower cost
CEO says company can bring down the power consumption of AI models by 10-times.
Pine acquires Properly to capture more of the Canadian home-buying process
Digital mortgage firm aims to build the former proptech into Canada’s top real estate website.