Wavy raises $2.5 million to combat remote work, burnout, talent churn
Beer tastings? Yoga? Wellness workshops? There’s a Wavy experience for that.
Funding
VentureLab secures $2.5 million in provincial funding to expand semiconductor incubator
Funding enables VentureLab to build a new medtech lab in Vaughan.
University of Alberta spinout DrugBank closes $9 million from Brightspark, Amplitude, Theodorus to fuel drug discovery with its data platform
DrugBank wants to ‘be the shovel’ in a gold rush of new medical innovation.
Scale AI moves to scale supply chain AI startups with new funding, partnerships
Cluster partners with MaRS to support second Supply AI cohort.
Sollum secures $2.5 million from SDTC to jumpstart $14 million “Sun-as-a-Service” project
Sollum’s LED grow light solution is designed to recreate the sun’s natural light.
Uplinq raises $4.4 million CAD to help small business lenders make accurate decisions
Uplinq’s credit assessment platform provides ‘billions’ of data signals beyond traditional credit indicators.
Eight months after a personal tragedy and a lab fire, e-Zinc has bounced back with a $31 million CAD Series A
e-Zinc has secured backing from Anzu, BDC, Toyota, and Eni to start producing its energy storage solution.
Cybrid secures $3.8 million CAD seed round to help challenger banks launch crypto
Cybrid calls itself “the crypto banking-as-a-service provider.”
MyComply closes $5.6 million CAD to sell construction tech platform to US companies
CEO calls startup’s contract with New York City its “growth hack.”
With $7.1 million in SDTC funds, Spark Microsystems aims to make wireless tech more energy efficient
Spark is among seven Canadian companies that received a cumulative $27.2 million from SDTC.
Fintech Cadence receives $400,000 government grant to help Québec FinTechs scale
The FinTech incubator says the money will enable it to assist 125 entrepreneurs, startups.
Cognito Health secures $1.1 million for cross-Canada expansion of its mental health offering
Stumped over marketing, Cognito generated a big buzz on Instagram.
Cosm Medical raises $4.7 million CAD for its custom gynecological prosthetics
Cosm wants to change the standard of care for pelvic floor disorders.
Emissions Reduction Alberta commits $50 million for challenge focused on transitioning to low-emissions economy
Applications are open to previously initiated projects that stalled “due to the current economic situation.”
Citylitics closes $6.2 million CAD to help companies spot public infrastructure sales opportunities
After building presence in transportation, Citylitics plans to move into new verticals like power.