Backboard.io looks to solve AI amnesia with “substantial” pre-seed round
Assent co-founder Rob Imbeault’s new AI company has backing from Mistral and Garage.
Funding
“A perfect storm”: 2025 was the worst year for Canadian VC fundraising since 2016
RBCx report shows emerging managers, fund sizes, and graduation rates are declining amid a lack of exits.
Photonic says it’s ready to commercialize quantum with $180-million fundraise
RBC, Telus back quantum computing company as it looks to develop enterprise-ready tech.
McRock Capital closes $120 million in third fund, backing industrial software startups
Caterpillar and Autodesk become LPs as McRock falls shy of initial $200-million target.
The Black women founders reshaping Canada’s venture future
Five years after sharing her journey, Amoye Henry sees progress for Black women founders in Canada.
Ex-Shopify engineers raise fresh financing to scale Turbopuffer’s AI search
Ottawa startup secures funding from Lachy Groom and Joshua Kushner’s Thrive Capital.
BDC unveils $4-billion defence technology platform
Crown corporation explicitly encourages businesses to “apply their skills to defence needs.”
Amiral Ventures holds $40-million first close to address “lack of leadership” in Canadian VC
Montréal firm backed by Québec government, Desjardins Capital, and nearly 50 individual LPs.
Scale AI unveils $129 million for 44 new applied AI projects across Canada
AlayaCare, League, FluidAI Medical, MDA Space, and Vooban among recipients.
Canada launches its own quantum research program to rival DARPA initiative
Nord Quantique, Xanadu, Photonic, and Anyon to get up to $23 million in funding through CQCP.
Tuhk raises $6 million USD to crack down on financial cybercrime
Enterprise FinTech startup planning launch in Canada, the US, and UK next year.
Simuhealth raises $2.6 million pre-seed to modernize healthcare training
New capital will help Vancouver startup scale its training management platform across North America.
Assetflo closes $2 million USD to make clients’ every physical asset “searchable”
Kitchener-Waterloo startup’s mesh network tech already helps Fortune 500 firms track assets.
Gander hits $1.5-million crowdfunding target as Canadians back homegrown social network
App now has 1,800 Canadian co-owners, extends funding deadline to January.
She tried to bring Silicon Valley’s tech energy to Vancouver. Why did she leave to build a US startup instead?
Mai Trinh’s Internet Backyard nabs $4.5 million USD pre-seed for data centre financing platform.