Mila, Intel expand partnership to use AI for addressing climate change, digital biology
Intel initially teamed up with Mila last April to accelerate drug discovery.
Montréal
Idealist Capital secures $250 million initial close for new climate impact fund
The fund is led by Québec business leaders with ties to Power Corp and Bombardier.
Network software startup Kaloom secures $27.4 million CAD from Québec government, Alternative Capital Group
Kaloom plans to expand in Japan, recently registering its business in the country.
Panache closes $100 million for second fund as firm doubles down on seed-stage startups
Early-stage firm says there’s a “good possibility” Fund II will grow.
Three Canadian startups selected for Google’s latest Women Founders accelerator cohort
Blossom Social, Emaww, MedEssist represent Canada in the third installation of Google’s accelerator.
Moozoom raises $5 million to improve youth mental health with socio-emotional learning videos
Amplify Capital, Telus Pollinator-backed Moozoom eyes US expansion.
Attractions management software startup Connect&Go closes Series A round with $6.2 million top-up
Connect&Go has worked The Super Bowl, Vancouver Olympics, Comic Con.
AlayaCare lays off 14 percent of employees, slows M&A plans
AlayaCare’s CEO said startup’s revenue growth has not followed its “aggressive investment.”
Former BDC investors Meryeme Lahmami, Siddartha Krishnan join Pender Ventures, Blue Vision
Two investors from BDC Capital have left the Crown corporation to join Canadian venture capital firms.
Home and auto insurance marketplace YouSet raises $2.1 million, launches in Ontario
The Montréal startup plants its feet in Ontario in preparation for a nationwide launch.
Market watch: Nuvei, Propel, Payfare, and Mogo
FinTech companies ride out a turbulent market.
Market watch: Well Health, Magnet Forensics, Dialogue Health, and Thinkific Labs
Gains and losses aren’t about the verticals, but rather the companies.
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
CEO: “There’s just a level of uncertainty right across the board.”
Lightspeed’s revenues increase even as its losses widen in fiscal first quarter for 2023
Lightspeed’s results were better than expected.
Nubik becomes latest Canadian tech firm acquired by Deloitte
Nubik specializes in Salesforce, FinancialForce, and Rootstock Cloud ERP.