‘It’s life or death’: Québec ecosystem frustrated after IQ suspends early-stage program
Impulsion PME no longer accepting applications until further notice.
Québec
Office management startup GPHY plans to grow sales outside of Québec with $5-million CAD seed round
Company uses anonymized sensors to count in-office employees in the era of hybrid work.
Québec’s early-stage ecosystem eyes American investment amid fundraising woes
“Living dead” companies last too long in the Canadian ecosystem, said CDPQ’s Tom Birch.
Nano One to increase battery material manufacturing capacity with funding from US Department of Defense
$17.8 million CAD to support Nano One’s Candiac, Québec and British Columbia facilities.
Coveo snags SIF investment as AI project funding flows during ALL IN 2024
Oceans Supercluster also doled out $4.5 million and Scale AI teased a call for projects.
Insurtech startup YouSet raises $3.5-million CAD seed round
The startup claims to save users nearly 30 percent on coverage in a process that takes minutes.
Xanadu and CMC among partners in academic quantum projects receiving $7.4 million in federal grant funding
INRS has three projects receiving funding from NSERC.
Workstaff closes $1.6-million seed round with ambitions to expand beyond Canada
Startup has doubled team from six to 15 people, with plans to funnel funding first into the US.
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.
Point Laz raises $1.2 million to bring mine shaft scanning device to market
The startup said its first 10 commercial scanners are now set to be produced and exported worldwide.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Polystyvert closes $16 million Series B tranche, looks to open first commercial recycling plant
Polystyvert expects to close a second tranche within three months that brings the round up to $30 million.
DistriQ joins Quantum Industry Canada as advocacy group continues membership drive
Quantum Industry Canada has added more than 20 members and affiliates since the beginning of 2024.
Accelia Capital promotes Julien Letartre to become its third partner
Letartre joined Accelia in 2022, bringing experience from Caisse de dépôt et placement du Québec.
Propulso raises strategic funding to facilitate US expansion
Propulso says the funding has already allowed it to double its workforce.