Xanadu to go public on Nasdaq and TSX in $3.6-billion USD SPAC deal
Transaction expected to raise up to $500 million USD.
Funding
Black-led startups secure record-breaking $400,000 at DMZ’s Black Innovation Summit
OutreachGenius, Happly.AI among winners taking home more money than ever before.
Maritime Launch gets $10-million loan from EDC to build Nova Scotia spaceport
Spaceport Nova Scotia is developing the required infrastructure for future orbital missions.
Sparrow BioAcoustics raises $10 million to scale smartphone stethoscopes across North America
Healthtech startup’s app turns smartphones into a Health Canada-approved stethoscope.
Maket secures $3.4 million to make floor planning quicker with AI
AI-powered architecture platform is preparing to launch its 2.0 version next year.
Maple Bridge Ventures raises $10 million for fund backing immigrant entrepreneurs
Fund will support immigrants building early-stage AgTech, food tech, and healthtech startups.
Wealthsimple hits $10-billion valuation in new round backed by Dragoneer, GIC, CPP Investments
Up to $750-million Series E includes $550-million primary and $200-million secondary offerings.
Paytrie spinout Loon raises $3 million to oversee Canadian dollar-backed stablecoin
Calgary-based FinTech startup will become the new issuer of Paytrie’s CADC stablecoin.
Tech investor associations urge unified capital strategy ahead of budget
NACO and CVCA ask for seed-matching program, VCCI re-up, Canadian QSBS, and mid-cap support.
Feds commit $189 million to renew Black Entrepreneurship Program
Five-year extension will expand access to loans, mentorship, and data through three programs.
Ready Plan Go raises $750K to automate accountants’ grunt work with AI
Montreal startup wants to give accountants more time for client advice by letting AI handle paperwork.
Spring Impact Capital closes $14-million fund to grow Canada’s climate and healthtech ecosystem
The Vancouver impact fund has already invested $2 million across eight Canadian startups.
Provision raises $7 million USD to build AI co-pilots for pre-construction estimates
Toronto startup wants to help firms like EllisDon “gut check” pre-construction work.
ABK Biomedical raises $35 million USD to bring liver cancer treatment to market
Series D funding will support commercialization of Halifax company’s Eye90 microspheres.
Pawsible Ventures looks to sniff out opportunities in pet health
Vancouver-based studio’s inaugural fund is fetching $10 million to help build pet health startups.