Ecosystem fears cleantech funding gap as ISED pauses SDTC funding after mismanagement investigation
ISED-commissioned report found conflict of interest, governance issues at SDTC.
Funding
Business getaway marketplace RetreatsAndVenues takes first prize in New Ventures BC 2023 startup competition
Vancouver-based startups Browse AI and Blanka came in second and third place.
Clearco secures new equity financing from existing investors and asset-backed facility as struggling financier recapitalizes
Inovia, Founders Circle double down on Clearco with SVB debt buyback, $60-million Series D.
BDC Capital deploys seed funding to help reduce greenhouse gas emissions
Green Graphite Technologies closes $2 million, while Arolytics raises $3.5 million in cleantech funding.
Ocean Supercluster announces $20 Million Investment in nine new AI-powered ocean projects
The funding brings the national innovation focus of AI to aquaculture and coastal cleantech.
Cleantech startup Relocalize secures $3.5 million CAD to develop hyperlocal food distribution
Relocalize aims to eliminate electric trucks and replace them with on-the-spot food distribution and supply.
Scale AI announces $21 million for nine Canadian AI healthcare projects
The projects address a sector facing budgetary strain, high community needs, and a persistent labour shortage.
Cardata raises $100 million for product acceleration
Company says investment is “pivotal” as it works to grow platform for workers using private cars.
Healthtech startup Medreddie takes home the first Elevate Women+ Pitch Prize
Medreddie secures funding from The Firehood, Forum Ventures, BDC Capital’s Thrive Lab.
Pollin Fertility raises $20-million CAD Series A led by David Thomson’s Osmington Inc.
The raise highlights a recent flurry of rounds in the fertility space.
Shopify takes stake in Faire as part of new partnership
Shopify merchants will get access to Faire products while Shopify POS becomes Faire’s preferred provider.
Cognota closes $5.5-million USD Series A to make corporate LearnOps a thing
With a new name, product, and fresh capital, Cognota eyes growth.
Elevate announces CIX acquisition and new $2-million innovation challenge for youth mental health
Elevate kicked off this year’s tech and innovation festival on its main stage by announcing its acquisition of the Canadian…
Homecare Hub secures $3.4 million CAD in seed funding for its Airbnb-style senior care platform
Toronto-based senior care startup will use funding to begin expansion to US market.
Front Row Ventures closes over-subscribed $5.5-million CAD pan-Canadian fund
By students, for students firm plans to invest in 50 startups over the next four years.