Megadeals kept Canadian VC funding afloat in 2024: report
Clio’s historic Series F round prevented Canada’s VC funding totals from dropping six percent year-over-year.
Funding
Certn and Quadshift secure capital from BDC Capital’s topped-up funds
Funding follows apparent departure of Certn president less than a year into the job.
BDC Capital targets late-stage tech companies with nearly $1 billion in new fund commitments
Investment bank’s Growth Venture Fund will now directly invest in Canadian tech companies.
Glassbox announces $1.65 million in funding to “reimagine the spreadsheet” for corporate finance
Ex-investment banker aims to help former peers build financial models faster with AI.
Toronto and Waterloo Region orgs get $34 million in FedDev funding
Accelerator Centre, TIAP, OBIO, and University of Waterloo among supported organizations.
Clio donates $3 million to create new innovation hub at the University of British Columbia
Space will serve as the formal Vancouver home of Creative Destruction Lab.
PrairiesCan doles out $6.7 million to help four Edmonton companies scale and expand into new markets
Levven Electronics, Care Group, Demir Engineering, and Grengine to benefit from latest federal funding.
Canada Growth Fund commits up to $50 million to Longbow Capital’s second Energy Transition Fund
Commitment marks the 10th investment from the federal government’s clean energy investment fund to date.
Clutch recovers valuation and eyes growth with $50-million Series D round
Online car seller has gone through “fair share of existential crises,” but is ready to build again, CEO says.
Coral closes $4.1-million seed round to launch menopause virtual care platform
Ex-Dialogue, Skylight co-founders aim to address gaps in management of “debilitating” menopause symptoms.
Alexi secures $4.5 million in venture debt from TD to develop AI tools for litigators
Debt financing comes eight months after legaltech startup’s $15-million Series A.
Thomson Reuters launches second Corporate Venture Capital Fund with $215 million
TRV continues to target Series A investments in its legal, tax, and accounting focus areas.
GTMfund closes $54-million USD Fund II to back more early-stage Canadian B2B SaaS startups
Vancouver VC firm plans to grow its Canadian team, invest more in Canada via Fund II.
CDPQ launches program to help Québec startups pivot amid tariff threat
Provincial government pledges “COVID-like” loans for businesses to reach new markets if tariffs hit.
Federal government launches $175.1 million Canadian Genomics Strategy to advance sector commercialization
Funding for strategy first announced in Budget 2021 to be dispensed over seven years.