Deep Sky secures $40-million USD grant from Gates-founded Breakthrough Energy Catalyst
Carbon-capture startup selected Innisfail, Alberta as the site for its first-ever facility in August.
Quebec
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
Hopper restructures again following renewal of Expedia partnership
Hopper reportedly cut 10 percent of staff just over a year after its last restructuring.
Belgian VC Theodorus relocates to Canada under new name to target early-stage life sciences startups
Rebranded to Seido Capital, the firm has secured $45 million towards its fifth fund.
Five startups chosen for first round of Québec Tech’s export mission
Stage V initiative aims to propel companies to $10 million ARR in under four years.
Canadian-led Medeloop closes $15.5 million USD in Inovia-led Series A round
The founder of exited startup Medesync wants to accelerate clinical research with AI.
Report: Québec VC funding continues downward spiral in Q3 2024, but shows early-stage promise
The province has not recorded a growth-stage investment since Q2 2022.
Nuvei posts revenue growth in final earnings as go-private deal gets green light
Having received regulatory approval, Nuvei expects its $6.3-billion USD go-private deal to close on Friday.
Trolley secures $32-million CAD Series B to expand payout platform’s global reach
Growth equity financing for Montréal-based FinTech startup backed entirely by American investors.
Clio boosted Canadian VC investment in Q3 2024, but early-stage funding reaches “worrisome” low
Late-stage funding also faltered, accounting for a record low 21 percent of total investment dollars in Canada.
AppDirect’s acquisition spree heats up as it reveals plans to purchase vCom Solutions
The deal marks the fourth acquisition for Canadian-founded AppDirect in the last two years.
Lightspeed, Well Health hit new revenue milestones in latest quarterly earnings
Lightspeed beats revenue forecasts as Well Health reaches record revenues in fiscal Q3 2024.
Meet Christopher Skeete, Québec’s new minister responsible for finishing Fitzgibbon’s work
Halfway through Québec’s five-year innovation strategy, private funding and productivity are still pain points.
Québec launches $4.5-billion CAD Grand V funding initiative for sustainable innovation projects
Program offers debt and equity financing for companies looking to increase productivity and green-ify operations.
Founders of Propel Holdings, Plusgrade, and Redbrick among 2024 EY Entrepreneur of the Year regional winners
Regional winners will compete for national title to represent Canada globally in Monaco.