Social Finance Fund-backed Boann reveals first investments in Canadian impact funds
Portfolio includes Active Impact, BKR, Cycle H2O, InvestEco, Raven, Renewal, Sandpiper, Spring, The51.
Healthtech
Virtual care holds the key to better employee mental health
Teladoc Health’s Dr. Karolina Filipowska on increasing access to care in Canada.
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.
Well Health plans to spin out, publicly list SaaS and services business in 2025
Founder and CEO Hamed Shahbazi said spin out will unlock “significant shareholder value.”
VitalHub agrees to acquire MedCurrent Corporation for up to $34 million
The total transaction value is dependent on annual performance over 36 months.
Innerspeech translates brain signals in the cloud
Kitchener-Waterloo startup develops AI-enabled communication with the help of OVHcloud.
Former McMaster researchers announce $2 million to bring endometriosis test to market
Hamilton-based Afynia aims to improve the way endometriosis is diagnosed.
RetiSpec secures $13.8 million Series A to detect Alzheimer’s early through retinal imaging
American pharmaceutical giant Eli Lilly and medical device provider Topcon Healthcare join as strategic investors.
California-based Agilent Technologies agrees to buy Biovectra for $1.3 billion CAD
Biovectra is being purchased for the second time in five years.
Shoppers Drug Mart strikes commercial partnership with Weston-backed blood-testing startup Truvian
The San Diego-based startup is looking to secure FDA and Health Canada clearance for its blood-testing platform.
Armed with $782,000 CAD in pre-seed funding, MedReddie eyes new markets
Startup aims to speed up the technology procurement process for healthcare providers.
Swift Medical among the latest #CDNtech companies to appoint new leaders as industry executive turnover continues
Changes in top leadership also hit Faire, Kovo HealthTech, goeasy, CFI, and more.
Digital Innovation Cluster invests $15 million into AI megaproject from consortium of Canadian healthtech companies
Partners in the $44-million project include ORX, Well Health, Healwell AI, Tali AI, and Simon Fraser University.
Feds, BC invest nearly $73 million into Aspect Biosystems to establish biomanufacturing facility
The clinical facility aims to be the first dedicated to producing bioprinted tissue therapeutics in Canada.
Roga secures $1.7 million CAD to reduce stress and burnout with its nerve-stimulating wearable
Neuroscientist and former Google Pixel PM team up to tackle workplace stress with Roga.