BDC Capital deploys seed funding to help reduce greenhouse gas emissions
Green Graphite Technologies closes $2 million, while Arolytics raises $3.5 million in cleantech funding.
Montréal
Cleantech startup Relocalize secures $3.5 million CAD to develop hyperlocal food distribution
Relocalize aims to eliminate electric trucks and replace them with on-the-spot food distribution and supply.
Canada launches voluntary code of conduct for the responsible use of AI
Cohere, OpenText, Coveo, Ada among first signatories.
Front Row Ventures closes over-subscribed $5.5-million CAD pan-Canadian fund
By students, for students firm plans to invest in 50 startups over the next four years.
Luge Capital looks to buck FinTech trends with $71-million CAD first close of new fund
FinTech-focused firm targets $100-million fund and expanded team across Canada.
ALL IN to showcase Canada’s AI at major conference
More than 60 case studies of Canadian AI projects and 100 AI startups will be featured.
Simmunome secures $2 million to make clinical trials more efficient with AI
Montréal startup’s backers include Theodorus, Eurêka, BKR Capital, Sandpiper, and ACET Capital.
Paper cuts more staff in second round of layoffs since August
Another 87 “paperites” let go as EdTech startup aims for profitability.
Streamforge raises $1.6 million CAD to scale AI-driven influencer marketing
Montréal startup hopes seed round enables European, Asian expansion.
Inovia announces $34-million CAD Discovery Fund for early-stage VCs
Fund formalizes Inovia’s support for emerging managers as many struggle to fundraise.
GHGSat closes Series C1 to launch more greenhouse gas emissions-monitoring satellites
The Montréal-based startup secured $59.9 million CAD but did not disclose equity/debt split.
Immervision lands $5.7 million CAD government contract to make military imaging systems
Contract with Canada’s military research department will focus on tech like aerospace cameras.
Flojoy raises $1.7 million to apply AI to instrumentation testing for heavy industries
Former Plotly CEO moving on to build new Python-based software.
OMERS Ventures turnover continues with global head Damien Steel joining Deep Sky as CEO
With significant summer departures, OMERS Ventures’ playbook has changed once again.
Cancer-focused Imagia Canexia Health files for bankruptcy 18 months after merger
Oncology tech firm closed a $20-million round and led an $18-million Supercluster project in 2022.