After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Funding
Volvo backs Waabi to accelerate driverless trucks commercialization
Waabi unveiled its self-driving product in November to gear up for road tests.
Smart horticultural lighting provider Sollum closes $30 million CAD to expand library of ‘light recipes’
Sollum previously received government grants to support the production of greenhouse tomatoes, strawberries.
NowVertical secures $7 million CAD credit facility, completes Acrotrend, Smartlytics acquisitions
NowVertical acquires more capital to fuel acquisition strategy.
UK autonomous vehicle company Oxbotica plans to expand Canadian presence following $140 million USD raise
Oxbotica plans to hire for up to 50 new roles in Toronto office.
BMO, Georgian partner on access fund as venture firm secures nearly half of second alignment fund
SEC filings show that Georgian has secured $466 million USD of its target to date.
University of Waterloo leading consortium for 5G innovation that includes Rogers, BlackBerry
BlackBerry, Rogers, Rockport Networks among industry partners taking part.
ReelData raises $10.6 million CAD using AI to monitor fish populations
Halifax startup reels in cash to help farmers monitor fish populations with accuracy.
Terramera forms new subsidiary to address more problems facing farmers
EnrichAg closes $6 million USD in “evolution in Terramera’s history.”
Able Innovations, Cognota, BlueDot among recipients of $14 million FedDev investment
Federal contribution expected to create over 230 skilled jobs across GTA.
Nanoprecise closes $13.4 million CAD Series B round for its manufacturing monitoring software
Edmonton startup combines wireless sensors with AI to detect small changes in machine performance.
Radical Ventures raising new $550 million USD fund as AI sector heats up
Radical managing partner believes “AI will eat all software over the next decade.”
NorthStar raises $47 million CAD Series C round for expected satellite launch in mid-2023
The Montréal startup provides monitoring solutions for all near-Earth orbits from space.
Ocean Supercluster launches initiative to increase Indigenous participation in ocean economy
The global innovation cluster is contributing $230,000 for the first phase of the initiative.
Ontario commits $19 million to the province’s regional tech hubs to bolster EV manufacturing
ventureLAB, Communitech, Invest Ottawa, NORCAT among the recipients.