Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds
byPINQ² will operationalize the quantum supercomputer this year.
Quebec
Ferme d’Hiver raises $46 million CAD to replace 10 percent of Canada’s strawberry imports
byFerme d’Hiver aims to juice Canada’s domestic strawberry supply.
Teralys receives $40 million from CDPQ in re-up for seed-stage fund of funds
byThe seed fund of funds comes in addition to Teralys raising a new VCCI-backed fund.
Google opens new Montréal office, commits $2.75 million to Québec tech
byGoogle finally opens new Montréal office after big 2020 commitment to expand in Canada.
Québec venture funding faced a perfect storm in Q3 2022
byA flurry of headwinds pummeled Québec’s tech sector into its lowest investment quarter in three years.
Class action lawsuit filed against Wealthsimple, Shakepay over alleged misleading crypto trading fees
byThe suit is seeking $10 million in punitive damages from both startups.
Espace CDPQ appoints Nicolas Rubbo as managing director
byNicolas Rubbo is tasked with boosting the hub’s impact and profile.
Following a record-setting first quarter, Québec venture funding eased up in Q2 2022
byVCs are treading water as market tides change.
Financial rates comparison platform Ratehub receives “major” investment from Novacap
byNovacap buys into financial education platform Ratehub amid increasing mortgage rates.
Triptyq Capital launches fund to fill financing gaps in Québec’s creative economy
byTriptyq wants to help in creating 20 startups.
Québec’s new French language bill prompts letter of concern from tech business leaders
byStringent language requirements raise worries over attracting talent and economic damage.
Startup Montréal unveils inaugural Hypercroissance Québec cohort
byThis is first cohort since program’s creation alongside Montréal Inc.-Bonjour Startup Montréal merger.
CanCode doles out $1.1 million to digital literacy training group Grandir Sans Frontières
byGSF aims to create over 8,000 tech training opportunities for youth.
Québec’s innovation minister “not happy” with province’s R&D commercialization
byWith new $7.5 billion SQRI2 strategy, Minister Pierre Fitzgibbon aims to close the productivity gap with Ontario.
WeCook raises $40 million to fuel expansion of “ready-to-eat” meal service
byFinancing from Claridge fund focused on supporting Québec food processing firms.