Federal government reinvests in Scale-Up Platform with $47.5 million commitment to Invest Ottawa, MaRS, and Communitech
Scale-Up Platform offers regionally tailored programming for entrepreneurs in high-growth sectors.
Funding
UniUni secures additional $42.2 million CAD to strengthen US expansion
Three-year revenue growth of nearly 13,000 percent earned the startup a spot on Deloitte’s Technology Fast 50.
Canadian-led Medeloop closes $15.5 million USD in Inovia-led Series A round
The founder of exited startup Medesync wants to accelerate clinical research with AI.
‘It’s life or death’: Québec ecosystem frustrated after IQ suspends early-stage program
Impulsion PME no longer accepting applications until further notice.
Report: Québec VC funding continues downward spiral in Q3 2024, but shows early-stage promise
The province has not recorded a growth-stage investment since Q2 2022.
Pender Ventures closes second B2B software, healthtech-focused VC fund at $100 million
Managing partner attributes success in a tough environment to its returns, committed anchor, and consistency.
Trolley secures $32-million CAD Series B to expand payout platform’s global reach
Growth equity financing for Montréal-based FinTech startup backed entirely by American investors.
Office management startup GPHY plans to grow sales outside of Québec with $5-million CAD seed round
Company uses anonymized sensors to count in-office employees in the era of hybrid work.
Armed with $1.6 million CAD, runQL wants to take the chaos out of data query management
Communitech’s former CTO wants to save data teams hours in “painful admin work.”
Neo Financial’s $360-million Series D features big names, unanswered questions
Shopify, Slack, PointClickCare, Roblox founders back FinTech scaleup in down round led by unnamed Chinese investor.
Longbow Capital completes $150-million initial close of second Energy Transition Fund
Fund is targeting $250 million to invest in companies that help lower carbon emissions.
Founders of Sysomos, Aislelabs find traction bringing their AI research to AEC
Workorb secures $2.6 million CAD to advance AI in architecture, engineering, construction sectors.
Shopify alums secure $7-million CAD seed round for AI mobile commerce platform Reactiv
Despite commitment to build in Canada, Reactiv chose more “ambitious” US-based investors.
Father-son Schwartz duo team up with FinTech founders to launch Exit North Ventures
Leaders of Canadian Fintech, CLA, Financeit, LendCare, others look to back FinTech startups with $20-million fund.
BC’s Centre for Innovation and Clean Energy makes $3 million available for women-led cleantech companies
New funding aims to address the underrepresentation of women founders in Canada’s cleantech ecosystem.