Insurtech startup YouSet raises $3.5-million CAD seed round
The startup claims to save users nearly 30 percent on coverage in a process that takes minutes.
Funding
MolecuLight closes $11.7 million in Series C financing for market expansion
Startup’s devices use fluorescent light to spot elevated bacteria levels in wounds.
InsurTech platform QuickFacts secures $2 million to continue North American expansion efforts
QuickFacts claimed it tripled its number of active users in the past year.
Svante gets $137-million CAD commitment from Canada Growth Fund
The funding will be used to support the development of Svante’s carbon capture and removal projects.
Radical Ventures launches $800-million USD AI growth fund
New fund marks Toronto-based Radical’s first that focuses on later-stage AI companies.
Canadian VC investment grows in Q2 but seed funding a cause for concern
CVCA report says PE stays hot as public Canadian tech firms keep going private.
Feds inject $39.2 million into digital literacy program CanCode with renewed focus on AI
CanCode phase four aims to teach digital and AI skills to 1.5 million students and 100,000 teachers.
NGen invests $21.4 million across quantum, space, and EV manufacturing projects
Nord Quantique, Mission Control, among project partners supported by the federally backed innovation cluster.
Miru closes $27.4-million CAD Series A as smart windows startup prepares to launch in 2025
Startup’s windows control heat gain and glare to reduce the need for air conditioning.
National Bank reinvests as Walnut secures $4.6 million to expand embedded insurance capabilities
Telus, Diagram, Portage back Toronto insurtech startup’s platform development plans.
FinTech software firm PureFacts sells majority stake to New York-based GrowthCurve Capital
Deal reportedly values PureFacts at $250 million.
Perceptive Space emerges from stealth with $3.9 million to help predict solar flares and other ‘space weather’
Toronto space tech startup aims to ensure safer satellite launches and operations.
Former Delve Laboratories, Dialogue leaders secure $2 million to help cyber insurance brokers sell policies and assess risk
Inscora plans to launch its “value-added cyber insurance” software by the end of 2024.
CAAIN seeks automation, “data-driven” AgTech projects for $6-million challenge
Interested parties must submit a project application form by Aug. 9.
Tracktile raises $575K to bring operations software to manufacturing industry plagued with “expensive and legacy” tech
BDC selected the PEI startup as the first investment from its Seed Venture Fund.