Arcadea Group secures $336 million CAD to acquire vertical SaaS companies
Capital injection brings the firm’s war chest up to $690 million CAD.
Ontario
Former McMaster researchers announce $2 million to bring endometriosis test to market
Hamilton-based Afynia aims to improve the way endometriosis is diagnosed.
RetiSpec secures $13.8 million Series A to detect Alzheimer’s early through retinal imaging
American pharmaceutical giant Eli Lilly and medical device provider Topcon Healthcare join as strategic investors.
Airwallex continues Canadian expansion with Float partnership
Multinational FinTech to power Toronto-based Float’s recently launched bill pay offering.
Nascent AI user research startup Cycle acquired by US blockchain platform Crossmint
Crossmint counts Mastercard, Red Bull, and Coinbase among its 30,000-plus customers.
Cohere lays off five percent of staff a day after announcing $500-million USD Series D
Toronto generative AI startup cuts around 20 employees as part of “internal realignment.”
Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa
Startup claims round is the largest secured by a Black woman founder in Canada.
Cohere Series D hits $500 million USD raised at $5.5-billion valuation
BetaKit reported in June that Cohere had secured $450 million with hopes of raising more at a $5-billion valuation.
Ontario is getting rid of ghost jobs
Phantom positions are plaguing the tech industry. Here’s how to spot one.
Ethica secures $2.3 million to deliver “enterprise-grade” internet access to emerging markets
GreenSky-backed Ethica aims to improve internet reliability across Africa, India, other regions.
WonderFi working on Ethereum-based products with new innovation and development arm
Dubbed WonderFi Labs, the new arm is working on a Layer 2 blockchain and non-custodial wallet.
Shoppers Drug Mart strikes commercial partnership with Weston-backed blood-testing startup Truvian
The San Diego-based startup is looking to secure FDA and Health Canada clearance for its blood-testing platform.
ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.
After facing “challenging operating conditions,” Jasper Commerce sells operating business to Digital Commerce Payments
Jasper to keep some equity and future earnings, but otherwise has “no active business.”
Ceragen closes $2.7 million CAD to boost greenhouse food production with “probiotics for plants”
After developing tomato and lettuce products, Ceragen aims to grow into cucumbers and strawberries.