Pender and Novacap recognized for cashing in on last year’s go-private wave at 2025 CVCA Awards
The honours celebrate the deals, dealmakers, and community service behind Canada’s VC and PE firms.
Montréal
Lightspeed surpasses $1 billion USD in revenue in fiscal 2025 but shares conservative outlook
Lightspeed posted nearly $54 million in adjusted EBITDA as it continues to execute transformation plan.
Lagging growth rate knocks Canada out of top four in StartupBlink’s ecosystem rankings
Toronto “in a tier of its own” as Calgary vaults back into top 100 cities globally.
COO Alex Petre replaces Damien Steel as CEO of carbon removal startup Deep Sky
Steel cites “personal reasons” for departure as Montréal cleantech prepares to open first facility.
ESG reporting platform Novisto fuels up for European expansion with $37.7-million CAD Series C
Amid ESG backlash, CEO says large firms have not changed their sustainability plans but are less vocal about them.
Katherine Homuth launches “organizational memory” startup as SRTX secures new interim CEO and financing
Homuth stepped down as CEO of SRTX in March as part of a pending fundraising deal.
Anges Québec looks to expedite early-stage rounds with co-investment angel fund
Elevia Fund plans to deploy between $1 million to $3 million every year across eight to 10 startups.
Amilia raises $35 million led by Vertu Capital to help more community centres manage operations
Management and payments platform supports 6,600 recreation facilities across North America, including the YMCA.
Exterra secures $20-million Series A to turn mining byproducts into decarbonization gold
Cleantech company hopes to open Québec asbestos mitigation plant by 2027.
Shakepay becomes first crypto company granted Payments Canada membership
Milestone gives Shakepay access to core payments infrastructure and a seat at the table “to demand for change.”
Québec Tech highlights hardtech in latest scaleup cohort with international ambitions
Stage V program aims to turn startups into “true scaleups” with tailored support.
Québec grants Centech $4.5 million to boost deep tech, medtech commercialization
Puzzle Medical, Eli Health graduated incubator-accelerator program run out of École technologique supérieure.
Brightspark spinout Brio nabs $3 million to help other VCs manage their LPs
Brio co-founder and CEO Audrey Ostiguy described Brio as Brightspark’s “secret sauce.”
7Gen charges up with $48 million in debt from UK’s Zenobē to help more Canadian firms adopt EVs
7Gen claimed that this is the largest private EV debt financing in Canadian history.
Frank And Oak selling brand, closing all stores following second insolvency filing
Embattled retailer with ties to Montréal tech set to shutter stores on May 18.