Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round
Wealthsimple had Paul Desmaris to fuel its growth; Neo has Peter Thiel.
Funding
CFIN, Ontario Genomics reveal winners of cumulative $900,000 for food innovation research
Winners aim to replicate the taste, feel, and smell of meat without any meat.
Boundless Life secures $2 million seed round to help families transition to digital nomad lifestyle
Boundless claims no competition, targeting aspiring digital nomads with children.
PayTic raises $2.95 million to help banks, credit unions centralize program management
PayTic wants to remove Excel spreadsheets from payment reconciliation.
Tailscale closes $128 million CAD Series B to scale VPN service, amass more developer evangelists
Amid a sea of top-down network security solutions, Tailscale’s bottom-up approach is paying dividends.
Alberta government launching internal AI lab powered by AltaML
The government calls this the first public AI lab in Alberta.
Untether AI secures $1 million for partnership with General Motors
Untether and General Motors on a mission to help cars see better using AI.
Pocketed co-founders pocket $25,000 prize money in pitch contest for women entrepreneurs
Pocketed, which helps businesses find grants, gets granted with $25,000.
Innovate BC opens applications for startups to receive up to $300,000 for R&D
Innovate BC’s Ignite program has awarded 34 projects with a cumulative $8.5 million.
Sprout.vc closes initial $10 million for second Western Canada-focused seed fund
Sprout.vc aims to sow seeds for more B2B software startups to grow.
Innovation Guelph awarded $10 million from federal government for cleantech program
Businesses can receive up to $30,000 to bring tech to market.
Cyno secures $2.3 million seed round to bolster virtual care for employees
Cyno users can choose between individual or group health services.
Userful secures $10 million for tech that centralizes brands’ visual network
NASA, Nestlé, among over a thousand companies using Userful’s visual networking platform.
Shipfusion secures $51.2 million CAD to expand warehouse network to Dallas, New Jersey
Canadian-based Shipfusion wants to win big in the US fulfillment market.
Part3 closes $625,000 to help architects manage construction projects
As wave of construction tech solutions target contractors, Part3 serves architects.