White Star Capital, Coveo alum-led Lighthouse Labs closes $9.1 million CAD to build a search platform for the metaverse
Montréal’s Lighthouse Labs aims to “be the Google” for virtual worlds. What the hell does that mean?
Funding
Volley founder aims to leverage Andela experience to build similar model for sales talent
Volley aims to fill top-of-funnel sales talent gap for B2B SaaS companies.
Used vehicle marketplace Clutch secures $150 million in debt from Neuberger Berman to expand its fleet
Clutch claims thousands of pre-owned vehicles are for sale on its marketplace.
Certn raises $65.1 million CAD to scale background check tech beyond Canada
With fresh funds, Certn plans to hire 160 new roles this year.
Dapper Labs launches $725 million ecosystem fund for Flow blockchain innovation
The fund is a joint commitment with participation from a16z, Coatue, Coinfund, others.
Georgian backs Vention again in $123.7 million CAD in Series C round
This is the second Georgian-led round for the industrial tech startup.
Maverix leads $83.5 million USD investment in Shopify-focused ecommerce aggregator Agora
The investor that bet on Shopify is now betting on Shopify stores.
Tengiva closes $5 million to tackle supply chain issues in the textile industry
Investor says Tengiva is “at the right place at the right time.”
Tilr secures $1.3 million grant from Ontario through Skills Development Fund
Tlir is one of over 200 companies financed in the second SDF round.
Supportbench secures $1.9 million CAD to become Zendesk for B2B companies
First step? Convince investors that B2B customer support could be better.
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.
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.