As Clearco and Wayflyer struggle, Paperstack secures $9 million in equity, debt to fuel pivot into e-commerce lending
Paperstack sees room to grow as larger players cut back amid economic headwinds.
Funding
RocketRez closes $20 million CAD Series B to fuel European tourism expansion
CEO: “We’re a little company in Manitoba taking on the world.”
Smile Digital Health secures $30 million Series B to expand AI, machine learning capabilities
LinkedIn posts indicate Smile Digital Health quietly let people go last year.
SVG Ventures Thrive aims to raise $75 million CAD for third agrifood fund
The fund will make initial investments in seed to Series A agrifood startups.
Bitcoin infrastructure startup Blockstream raises $125 million USD to expand crypto mining services
The Montréal firm claims demand for its hosting services remains high, despite volatile market.
Canadian-led, New York-based AtomicJar aims to hire in Canada with $25 million USD Series A
US software testing firm hopes to build “centre of excellence” in Canada.
Pender Ventures closes first half of $100 million target for second venture fund
After focusing primarily on Western Canada, Pender Ventures has its eye on other parts of Canada.
Spinout Traction Complete standing on its own with new $6.7 million CAD Series A, big-name clients
Startup will stay in the family business after ex-parent Traction on Demand’s acquisition by Salesforce.
Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds
PINQ² will operationalize the quantum supercomputer this year.
Harvest Builders, Headversity, among 15 recipients of $25.5 million PrairiesCan investment for Calgary businesses
The funding is expected to support over 800 jobs in healthtech, cleantech, other sectors.
Summit Nanotech secures $50 million USD to scale lithium extraction for EV production
The Calgary startup aims to build the “lithium mine of the future.”
After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Volvo backs Waabi to accelerate driverless trucks commercialization
Waabi unveiled its self-driving product in November to gear up for road tests.
Smart horticultural lighting provider Sollum closes $30 million CAD to expand library of ‘light recipes’
Sollum previously received government grants to support the production of greenhouse tomatoes, strawberries.
NowVertical secures $7 million CAD credit facility, completes Acrotrend, Smartlytics acquisitions
NowVertical acquires more capital to fuel acquisition strategy.