Hopper to power Uber’s expansion into flight bookings
“Flights on Uber” will be available to UK users this summer.
Montréal
American biotech Recursion acquires two Canadian AI drug-discovery companies, Cyclica and Valence
“Policymakers should look to understand why so many promising tech companies choose to sell themselves.”
Next Canada names startups in latest cohorts for its three accelerators
Next AI participants can receive up to $100,000.
Hopper co-founders launch new carbon capture startup, Deep Sky, with $10 million in funding
Deep Sky aims to scale carbon removal.
Bell to acquire Montréal cloud services provider FX Innovation
Bell posted an 88 percent decline in free cash flow since the first quarter of 2022.
Diagram Ventures closes $100-million for latest fund as it continues to bet on FinTech
For the first time, Diagram will also invest in companies it doesn’t have a hand in creating.
Startup Montréal awards $400,000 to startups as FounderFuel reveals first revamped accelerator cohort
Both programs award seed funding and mentorship support to tech founders.
Brightspark seeks to recreate its “home run” exits of Think Dynamics, Radian6 as it launches $120-million fund
Brightspark Ventures has made an initial close of $60 million towards its target.
BrainBox AI acquires ABB technology in its mission to reduce greenhouse gas emissions in buildings
Québec government and ABB invest $27 million CAD to aid BrainBox AI help retailers use less energy.
RenoRun shuts down operations as it pursues sale of assets
RenoRun expects to close a purchase of its assets by no later than May 15.
Banking apps Pillar and Billi shut down as funding dries up for FinTech businesses
Venture funding for FinTech startups in Canada plummeted by 70 percent in 2022.
University of Toronto, Université de Montréal get combined $325 million as part of $1.4 billion federal investment into university innovation
Other projects focus on sustainability, health, and migrants.
RenoRun granted court extension in insolvency filing to pursue sale
RenoRun asked for extension amid “a high level” of interest from potential buyers.
AI beauty lab Omy raises $11 million CAD to expand personalized skin care product line in North America
Omy launched its AI virtual skin consultant in 2020.
Medfar secures $30 million CAD, looks to acquire more electronic medical record software providers
Medfar was built by two aeronautical engineers who wanted to digitize health clinics