Accelerate Fund III backs Care Group as it looks to expand mental healthcare platform into new markets
The startup is looking to expand across Canada and the United States starting later this year.
Funding
Amplitude Ventures closes $263 million for second precision medicine VC fund
Amplitude has already made four investments from Fund II.
Fading 2023 VC performance underscores Canadian tech’s “vulnerability,” BDC reports
Down rounds rose from seven percent in 2022 to 31 percent last year.
CIFAR, CABHI among recipients of more than $850 million in federal science and research funding
Two dozen third-party science and research organizations are being backed by the new Strategic Science Fund.
Artemis closes $2 million CAD to improve data quality for analytics and AI
Indigenous-led Vancouver startup aims to automate data cleanup with AI agents.
Xanadu’s Christian Weedbrook is raising another $200 million to build a quantum data centre
The CEO of Canada’s quantum unicorn is very optimistic about the country’s innovation potential.
Amii secures $3 million from PrairiesCan to fuel AI adoption in the Prairies
Alberta AI hub aims to give SMBs tools and knowledge to leverage AI.
DIGITAL invests $10.5 million across four AI projects from healthtech startups
Projects from Swift Medical, RxPx, Gotcare, and AlayaCare carry a collective $26-million value.
Federal government invests $2.5 million in Co.Labs to maintain Uniting the Prairies
The funding will help stage the Uniting the Prairies conference for the next three years.
Conexus Venture Capital launches its second $30-million fund to back Saskatchewan tech startups
Conexus Credit Union reaffirms commitment to local VC with another $15-million.
Boeing backs Québec’s new aerospace innovation zone with $240 million CAD
Québec said Espace Aéro comes with $415 million in planned investment.
Paytm, PSP Investments alumni announce $5.25 million to build a super app for Canadian immigrants called Beacon
Beacon aims to become ‘the trusted brand for immigrants to Canada.’
CoLab raises $28.6-million CAD Series B to grow its team and incorporate AI
CoLab CEO Adam Keating said he expects to grow the team from 86 to 125 employees by the end of the year.
Blossom closes $2.1 million to grow its investing social network in the US
After abandoning its brokerage vision, Blossom plans to remain a social platform.
Bench and Shopify alumni announce $11 million CAD to build “the Stripe for accounting” with Teal
Vancouver-based Teal provides bookkeeping infrastructure to vertical SaaS companies.