Terry Fox Research Institute commits $25 million to AI powered health projects
Fourteen Canadian projects can use TFRI’s secure platform to analyze “vast amounts of complex health data.”
Funding
Portage closes fourth FinTech VC fund at $600 million USD
Portage is the FinTech investment arm of Power Corporation-owned Sagard.
Yoshua Bengio’s LawZero receives $300 million backing from Canada and Germany to pursue safer AI ambitions
Non-profit startup will use the funding to establish a Berlin office and a Canadian sovereign compute partnership.
Canada Rocket Company wants to build a sovereign alternative to SpaceX’s Falcon 9
CRC hopes to keep it simple as it races to space on the tailwinds of Canada’s renewed interest in the stars.
BDC outlines how it will deploy $1 billion from its Defence Platform into funds and startups
Crown corporation increased direct defence investment capacity and pledged more to defence-focused fund-of-funds.
Farm Credit Canada invests $150 million in new agri-food fund led by Arlene Dickinson
New fund comes as Canada announces billions in funding for FCC as part of its National Food Security Strategy.
Radical Ventures launches Canada’s largest AI fund with $1-billion USD first close
Leading Canadian pension funds and banks back Toronto AI investor’s late-stage strategy.
Thin Air Labs celebrates $100-million Funding Catalyst milestone
Milestone reflects more than 300 funded projects across nearly 400 companies.
Bell announces $50-billion buildout to produce Canada’s largest data centre in Saskatchewan
Non-binding MOU would be largest private capital investment in province’s history, quadrupling planned capacity.
Intrepid Growth Partners secures $525-million USD final close for inaugural AI fund
Former leaders from OMERS, CPPIB, and CDL lead fund to find “the next generation of AI founders.”
Canada needs growth-stage capital, too
Plus: Where every province stands on data centres.
Tracking the Canadian capital commitments surrounding Carney’s investment summit
BetaKit’s running list of the major investors committing billions of dollars to Canadian projects.
Regulatory AI company Ultimarii raises $13-million Series A round
BDC and Mistral Venture Partners led the financing round, with additional support from IRAP.
CIBC commits $2 billion to financing smaller defence and dual-use businesses
Toronto-based bank joins BMO, RBC, and Canada’s other big banks in ramping up its support for defence.
Wittington Ventures closes third, $180-million VC fund
Weston family-backed firm plans to back 15 more startups.