Ontopical closes $3.3 million seed extension to help companies navigate the local government procurement process
Rhino and Graphite Ventures-backed Ontopical mines public data for private sector clients using AI.
Funding
Inovia announces $34-million CAD Discovery Fund for early-stage VCs
Fund formalizes Inovia’s support for emerging managers as many struggle to fundraise.
GHGSat closes Series C1 to launch more greenhouse gas emissions-monitoring satellites
The Montréal-based startup secured $59.9 million CAD but did not disclose equity/debt split.
Immervision lands $5.7 million CAD government contract to make military imaging systems
Contract with Canada’s military research department will focus on tech like aerospace cameras.
Cultivator’s incubated startups surpass $100 million in private funding
Prairie tech hub hits major milestone coinciding with new connections to the Valley.
Space-tech startup Mission Control shoots for the Moon (and Mars) with funding from GreenSky
Mission Control’s customers have included the Canadian Space Agency, NASA, and MDA.
Clay Financial raises $1.7 million CAD to develop its home-equity sharing agreement platform
Clay aims to launch its platform in the Greater Toronto Area later this year.
Former Global Founders Capital partner launches Northside Ventures to back pre-seed Canadian entrepreneurs across North America
Northside has secured $6.25 million USD from Inovia, Intact, Bain, Golden Ventures, and Garage Capital, among others.
Novarc Technologies announces closing of $20 million USD for its AI-powered automated welding robots
Construction-vehicle company Caterpillar’s venture arm joined the round.
FlipGive raises $5 million to expand fundraising platform for youth sports teams
FlipGive launched its embedded cash-back rewards shopping platform in August.
WatchMojo CEO leads Mosea $2.5 million CAD raise to help Canadians split the bill
Mosea helps groups divide expenses and send payments, but makes its money from events.
Flojoy raises $1.7 million to apply AI to instrumentation testing for heavy industries
Former Plotly CEO moving on to build new Python-based software.
PrairiesCan invests $3 million to kickstart Edmonton Unlimited’s new innovation space
The funding will provide “a space for all innovators to start and scale their companies,” mayor says.
SearchEye raises $1 million to scale platform that connects brands with content creators
Funding will help SearchEye expand capabilities, like support for audio, video, social media.
OMERS Ventures turnover continues with global head Damien Steel joining Deep Sky as CEO
With significant summer departures, OMERS Ventures’ playbook has changed once again.