Diagram Ventures announces new $60-million VC fund to build and back early-stage cleantech startups
byThe ClimateTech Fund is co-anchored by Québec and Sagard.
Quebec
PASQAL, Investissement Québec launch $90-million Quantum Computing initiative
byThe initiative intends to promote Sherbrooke, Québec as an international quantum hub.
Geomega receives $2 million from NGen for rare earth element recycling plant
byGeomega’s recycling plant will help turn magnet scrap into rare earth elements used in electric vehicles.
Microsoft looks to scale Québec presence with $500-million USD investment
byTech giant plans to expand its AI, cloud computing infrastructure in the province.
Recharge Véhicule Électrique raises over $7 million to expand at-home EV charging
byRVE’s president says the funding will help free up 4,000 megawatts of power from the grid.
Electronic circuit manufacturer SMT Intelligence raises $68 million from the Fonds FTQ
bySMT uses robotics, AI to produce over eight million electronic circuits annually.
Federal, Québec governments invest over $7.6 million into quantum telecom testbed
byThe testbed will allow businesses to experiment with quantum technologies for telecom networks.
The Québec-IBM Discovery Accelerator now has its quantum computer
byThe IBM Quantum System One in Bromont, Québec is the first quantum computer of its type in Canada.
Québec venture funding maintained upward trajectory in Q2 2023
byInvestment in the region grew by 42 percent from Q1 2023, and 81 percent year-over-year.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
byAs VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
Québec’s quantum scene gets boost with new factory, startup studio
byFrench VC, quantum processor manufacturer choose Sherbrooke for its academic expertise, infrastructure.
Québec attracted more venture funding than any other Canadian region in Q1 2023
byQuébec startups raised a cumulative $317.3 million in Q1 2023.
Bell to acquire Montréal cloud services provider FX Innovation
byBell posted an 88 percent decline in free cash flow since the first quarter of 2022.
Smart display company E2ip Technologies raises $120 million
byExport Development Canada and McRock Capital co-led the round.
Mila secures $21 million from Québec government to support ethical AI research, projects
byThe provincial government also invested $14.3 million into ten incubators, accelerators.