Rivercity Innovations freshens up with $2 million CAD to further expand cold chain monitoring around the world
Round marks first major investment by StepChange, a growth capital firm targeting Western Canada.
hardware
Iris Booth appoints Shopify director Brandon Ghaeli as CEO
Ghaeli to replace founder Sue Siri following recent acquisition.
Pangaea Ventures closes $115-million CAD impact fund to back sustainability-focused hardtech solutions
Half of Pangaea’s fifth and largest fund has been allocated to date.
Mosaic to scale homegrown 3D printing infrastructure with $28 million CAD of equity growth funding
CEO says recent nearshoring push has been a boon for the 3D printing manufacturer.
Federal government’s massive $2 billion CAD loan to Telesat sparks Elon Musk debate between ministers
Elon Musk claims Starlink can provide similar internet services at half the cost. Minister Champagne disagrees.
Pablo Srugo wanted to be “insanely rich.” It killed his startup.
Now a VC, Gymtrack’s one-time COO cautions founders against becoming their own worst hypebeast.
Disaster restoration startup Kahi looks to solve “adversarial relationship” between insurance companies and subcontractors with IoT
Spun out of a subcontracting company, Kahi raised $2.3 million CAD led by BDC Capital Seed Venture Fund.
“Gordon Ramsay doesn’t want to flip burgers”: Rundle acquires photography startup Iris Booth as founder prepares to step back
Halifax startup mass produces headshots for large orgs with its self-service photo booths.
Recon Instruments’ co-founder wants to advance autonomous driving systems with latest venture Matt3r
Hamid Abdollahi believes his startup has found the “k3y” to develop safer autonomous vehicles.
Two new contracts take off as SBQuantum looks to send its tech to space
Startup is launching projects with the Canadian and European space agencies.
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.
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.
Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility
UgoWork said it might raise additional capital, but declined to disclose further details.
Innerspeech translates brain signals in the cloud
Kitchener-Waterloo startup develops AI-enabled communication with the help of OVHcloud.
Acel Power raises $13.6 million CAD to ramp up production of battery-powered boat motors
Startup plans to bring 150- and 250-horsepower motors to market in the fall.