Scale AI unveils $129 million for 44 new applied AI projects across Canada
AlayaCare, League, FluidAI Medical, MDA Space, and Vooban among recipients.
Montréal
National Bank sues Flinks co-founders for alleged non-compete violation
Founders of new startup Deck deny allegations, say they were authorized to build venture.
Canada launches its own quantum research program to rival DARPA initiative
Nord Quantique, Xanadu, Photonic, and Anyon to get up to $23 million in funding through CQCP.
Goodfood loses another leader as co-founder says he’s stepping down as president and COO
Neil Cuggy took over day-to-day operations after co-founder Jonathan Ferrari abruptly left in August.
Inovia promotes two principals to partner as it readies 2026 fundraising push
Montréal VC firm planning a sixth venture fund and “larger” Discovery Fund II to back emerging managers.
Lightspeed will pay $11 million to settle class-action suit, Québec judge rules
Retail tech firm admits no liability for allegations of overstating performance metrics.
Montréal’s seventh Startup Community Awards get a new home, and a new tone
After community feedback, revamped awards use new innovation hub to refocus on founders.
Lightspeed president JD Saint-Martin returning to VC roots at Boreal Ventures
Saint-Martin will join the Montréal firm at the end of March as it raises its second fund.
Xposure Music’s $42.5-million USD raise will help it spot the next generation of streaming music stars
Montréal music buyer uses AI analytics to bet on long-term indie music success.
Partage Club bets on the sharing economy with item-lending app
Montréal startup raises $2.1 million to expand across Canada and internationally.
Morphocell rounds out Series A at $50 million USD to accelerate liver regeneration tech
Montreal biotech secures another $10 million USD co-led by Investissement Québec and CDP Venture Capital.
Dcbel partners with Volvo and Polestar to turn EV batteries into home power backups
CEO claims impact from US trade war and evaporating EV incentives is “minimal.”
Another fund partner leaves BDC
Guillaume Mercier steps away from Industrial Innovation Fund as leadership churn continues.
Amid global DEI backlash, Canadian VC sees more women and visible minorities in leadership roles
DEI initiatives remained important in Canada in 2024, but climate pledges lagged.
UAE research institute to open lab within Mila
Montréal AI research centre and Technology Innovation Institute team up as PM visits UAE.