Kudos secures $10 million from Canadian Business Growth Fund to boost employee engagement
Employee engagement platform provider Kudos has secured a $10 million minority equity investment from the Canadian Business…
Funding
Cross-Border Impact Ventures launches with $30 million in commitments for women, youth-focused healthtech fund
Toronto-based Cross-Border Impact Ventures (CBIV) has secured commitments of $30 million USD in an initial close of its new…
Lockheed Martin partners with, invests $1.3 million in Université de Sherbrooke’s Institut Quantique
Lockheed Martin Canada has entered into a partnership with Université de Sherbrooke’s Institut Quantique (IQ) to become…
Sleep Country acquires 25 percent stake in blackout curtains manufacturer Sleepout
Major Canadian sleep retailer Sleep Country has signed an agreement to purchase a 25 percent stake in Sleepout, a Toronto-based…
Shabodi secures $3.3 million to accelerate deployment of next-generation 5G solutions
Toronto-based Shabodi has raised $3.17 million USD in what it classifies as an oversubscribed seed round led by Blumberg Capital,…
Whitecap Venture Partners closes $140 million Fund V to invest across Canada
Whitecap Venture Partners has secured $140 million CAD for its fifth fund, which will invest in early-stage B2B SaaS and medtech…
Damon Motors secures $37.9 million CAD for its AI-backed electric motorcycles
Damon Motors has raised $37.9 million CAD ($30 million USD) in a Series B funding round led by House of Lithium and other undisclosed…
Former Shopify employees raise $8.5 million from Sequoia, Bessemer for new developer productivity startup Gadget
Ottawa-based Gadget has raised $8.5 million in a funding round led by Sequoia Capital and Bessemer Venture Partners. The financing…
Rebranded Nomic Bio raises $17 million to fuel development of protein-measuring platform
Nomic Bio has secured a new name and $17 million USD in Series A financing to support the growth of its protein-measuring platform.…
Four startups from initial Entrepreneur First Toronto cohort raise collective $5.7 million CAD
As part of Entrepreneur First Toronto’s initial cohort in the city, startups TriplePlay (formerly Lobby), Vivid Machines,…
Ritual alumni launch GoodGood with $6.5 million to scale commerce for local food and drink makers
Ritual’s co-founder Robert Kim and former senior director of partnerships Kris Linney have co-founded a new Toronto-based…
Payment Rails rebrands to Trolley, closes $7 million Series A to expand reach of global payouts platform
Montréal-based FinTech startup Payment Rails has rebranded as Trolley and secured $7 million CAD in Series A financing to…
Summit Nanotech wins $1 million Women in Cleantech challenge
MaRS Discovery District and Natural Resources Canada (NRCAN) announced November 30, that the grand prize winner of the three-year…
Just Boardrooms raises $3 million, launches marketplace for in-person meeting spaces
Toronto-based Just Boardrooms has raised $3 million CAD from a group of angel investors as the company launched its online…
Willful lands Dragon Michele Romanow in new $750,000 round
Kevin Oulds and Erin Bury entered the Dragons’ Den in June to pitch their death tech startup Willful. It was a move that…