University of Toronto one of nine schools chosen for Eric Schmidt’s new $148 million AI research initiative
U of T only Canadian university to secure funding from former Google CEO to apply AI to STEM research.
Funding
Workflow SaaS integrator Unito raises $20 million to build more integrations
Unito wants to break into more SaaS categories, starting with support tools.
Cinchy closes $19.7 million CAD Series B to make data integrations obsolete
Forgepoint-backed Cinchy sees room to grow as firms cut costs.
Shopify makes investment in Hong Kong startup WATI’s $23 million Series B round
WATI represents Shopify’s first investment in a Southeast Asian firm, but not in customer relations.
Nolk raises $30 million, acquires home goods brands Ergonofis, Opposite Wall
Nolk intends to use the capital for more acquisitions.
VCCI fund managers chosen for latest, $350 million injection of federal capital
Four funds are: HarbourVest Partners, Teralys Capital, Kensington Capital Partners, Northleaf Capital.
Super Advisor secures $2 million to give financial advisors independence
Rhino Ventures-backed Super Advisor wants to help financial advisors strike out on their own.
VoxNeuro closes $4 million to help diagnose concussions and Alzheimer’s disease
Backed by decades of research, VoxNeuro aims to bring objectivity to brain health assessments.
SingleKey acquires competitor Naborly to take the risk out of renting
The deal stands to triple SingleKey’s user base.
Manitoba government appoints board members of $50 million provincial fund of funds
The fund’s target size is $150 million.
Mortgage startup Perch raises $4 million with continued backing from venture arm of National Association of Realtors
Perch wants to use data to change mortgages and real estate.
ChainSafe closes $25.7 million CAD Series A to build blockchain-agnostic Web3 tools
COO: fundraising in current market “separates the true builders from the noise.”
NorthOne raises $92.1 million CAD to build new working capital, credit products
Toronto-founded NorthOne moved its HQ to New York to serve its American client base.
Shinydocs, Encircle, Proto receive cumulative $7.5 million from FedDev Ontario
The investment into the three Kitchener-Waterloo startups is expected to create 75 jobs.
CBC alumni secure $3 million to help musicians collaborate remotely with BeatConnect
BeatConnect plans to build a marketplace for creators to sell their sounds.