Down rounds in 2022 lower than expected amid reliance on bridge financing: Osler report
More firms rely on bridge financing to extend cash runway as they aim for later, higher valuations.
Funding
AutoLeap gears up for growth with $40 million CAD Series B
As a recession looms, AutoLeap and the car repair shops it serves stand to benefit.
High performance computing platform Agnostiq closes $8.22 million CAD seed extension
The startup received $2 million USD in seed funding in 2021.
VCCI-backed Kensington Capital Partners secures $158 million first close for third venture fund
Kensington becomes first VCCI-supported fund of funds to announce it has closed financing.
Brizo Data raises $12 million to bring data insights to foodservice industry
BDC Capital and Framework Venture Partners led the round.
Felix expands into more complex categories of care following $18 million Series B
Healthtech startup targets moves into Québec, weight loss, therapy.
Eli raises $5 million to make at-home hormone testing for women more accessible
“It will allow us to build a large-scale dataset of daily hormone levels for the first time in history.”
ChopValue raises $10.36 million CAD to globalize its chopstick-repurposing technology
The startup recently transformed its 100 millionth chopstick into new products.
LayerZero Labs raises $120 million at $3 billion valuation to enable more multi-blockchain apps
VCs continue to bet on long-term growth for crypto despite volatile market.
Cannabis vaporizer startup Greentank Technologies closes $22.2 million CAD Series B
The startup has received past funding from investors such as Snoop Dogg.
Nimble Science raises $2.7 million to collect data from previously inaccessible regions of small intestine
Nimble’s ingestible device brings new insights into stomach health.
Janet Bannister launches Staircase Ventures with $22 million first close
Bannister strikes out on her own after stepping back from Real Ventures.
RealSage secures $2.1 million CAD to help multi-family rental managers make better decisions with AI
Ex-real estate asset manager aims to help others parse data during “critical time.”
Nulogy raises $20 million to make collaboration easier for multiple companies in a supply chain
Nulogy is appealing trade secret misappropriation complaint against US client that was dismissed in 2022.
Birdseye raises $500,000 to help Shopify businesses automate marketing strategies using AI
Birdseye’s platform generates marketing plans with step-by-step instructions.