PASQAL, Investissement Québec launch $90-million Quantum Computing initiative
The initiative intends to promote Sherbrooke, Québec as an international quantum hub.
Funding
Geomega receives $2 million from NGen for rare earth element recycling plant
Geomega’s recycling plant will help turn magnet scrap into rare earth elements used in electric vehicles.
With $2 million raised to date, Omnicart aims to serve hyperlocal last-mile delivery
Omnicart wants to help local businesses in small towns become their own DoorDash.
FinTech startup Peloton Technologies closes $2 million in seed financing
Executive chair says the capital will fuel the startup’s acquisition strategy.
Birdseye closes $4.1 million CAD in seed funding for AI-powered marketing platform
The round comes eight months after Birdseye’s $500,000 USD pre-seed funding round.
Rogers Communications and RBC commit additional $16 million to Rogers Cybersecure Catalyst
Catalyst claims more than 7,000 people and 500 businesses participated in its programs over the past five years.
RHA Ventures targets $30 million for second AgTech fund
The firm plans to invest up to $1 million into seed-stage startups.
Active Impact Investments launches third climate tech seed fund with $70 million in initial commitments
LPs include Northleaf, Fondaction, Co-operators, Deloitte Ventures, University of Victoria.
Hopper-linked Deep Sky closes $57.5-million Series A to make Canada a “carbon removal capital”
Barely a year old, the Montréal cleantech startup has already amassed $75 million in total funding.
InBC invests $29 million into 4AG Robotics, Clarius Mobile Health, Pender, Amplitude Ventures
These startups, VC firms align with InBC’s “triple bottom line approach.”
Hoping to be the go-to platform for blockchain devs, Uniblock secures $3.1 million CAD
Uniblock aims to unify fragmented blockchain tools into a single platform.
Pathway raises $5 million in seed funding, opens free access to healthcare guidance platform
The healthtech startup also unveiled its “most advanced” AI assistant to date.
TechBrew rebrands to 4AG Robotics, closes $17.5-million Series A to build mushroom-picking robots
Backed by BDC, InBC, and Emmertech, 4AG is gearing up to get its tech to farms.
Ambyint is repatriating its headquarters to Calgary after three years in Houston
Ambyint CEO says Alberta’s “strong tech ecosystem” fueled the move back to Canada.
BDC’s Thrive Lab announces 25 co-investment partners
$35 million envelope will target women-led businesses aligned with United Nations Sustainable Development Goals.