Chris Albinson departs as Communitech CEO but keeps reins of True North Fund
True North Fund announces second close with three unnamed investments to date.
Ontario
Shopify combines its financial solutions into one dashboard
Canadian merchants can currently use two of Shopify’s five Finance offerings.
Panache Ventures partner Chris Neumann to depart VC firm, Sarah Willson promoted to principal
Partner Patrick Lor to lead Panache’s efforts in Western Canada going forward.
Parachute closes $1.5 million to help struggling Canadians improve their financial health
Decades after filing for bankruptcy, Bruce Hodges aims to give Canadians another option.
Plooto appoints John McLane as new CEO
Toronto FinTech scaleup has reshaped its team with recent hires and restructured workforce.
Brightspark closes latest early-stage VC fund at $100 million, appoints new BC partner
“We think we can find the best deals in Canada, so we’re going to keep on doing that.”
Thomson Reuters acquires American portfolio company Materia AI
Materia emerged from stealth earlier this year with Thomson Reuters’ backing.
Phaseshift Technologies raises $4.1 million CAD to fuse material discovery with AI
Startup to commercialize advanced engineering materials for aerospace, automotive, and energy sectors.
Inside FreshBooks’ struggle to reach profitability
FreshBooks is on a multi-year rollercoaster ride of executive turnover, staff reductions, and office shutdowns.
New funding for Kepler and Wyvern headline busy month in Canadian space tech
Wyvern and Kepler secure funding, Mission Control inks big partnership, and Volta Space preps for launch.
Round13 Capital to acquire startup lending platform TIMIA Group for $6.5 million
Round13 managing partner says the deal equips VC firm with an expanded arsenal of financing options.
NCC commits $22.8 million to 37 cybersecurity projects
Projects funded by National Cybersecurity Consortium to focus on commercialization, development, and training.
Fable raises $25-million USD Series B round from Five Elms Capital to tackle accessibility in AI
Disruption Ventures gives up board seat to Five Elms after exiting its Fable position.
Ontario launches second phase of life sciences strategy to bolster research and funding
$146 million commitment to support new Life Sciences Scale-Up Fund, wet labs programs, and procurement.
Information VP forgoes fourth fund in favour of SPV-style investing
GPs attribute change to VC market conditions and personal factors.