Paper co-founder Roberto Cipriani steps down from day-to-day role
Montréal EdTech startup’s tumultuous summer continues following layoffs, leadership shakeups.
Quebec
Teralys Capital says it “should” hit $570-million fund-of-funds target by end of year
Montréal-based Teralys confirmed $475 million raised to date, making it the largest VCCI-backed fund.
Nomic Bio secures $42 million Series B to expand startup’s protein mapping platform
Montréal-based Nomic Bio claims technology now in use by more than 75 companies.
BDC appoints Geneviève Bouthillier as head of BDC Capital amid “uncertain market conditions”
Bouthillier replaces Jérôme Nycz as VC lead following his sudden departure after 22 years at BDC.
Zūm Rails moves recently-named CEO Miles Schwartz to Miami to lead US growth initiative
Omni-rail payment solution saw 75 percent increase in its US business over the last year.
Global trends report shows AI adoption still lags in Canada
In Canada, only 35 percent of organizations say AI is ‘widely implemented.’
Union representing Canadian Paper tutors threatens legal action following mass layoffs
Union says no complaints have been filed yet, but “several lawyers” are working the case.
Beacon launches remittance solution to help Canadian newcomers receive money from India
Startup launched out of stealth with $5.25 million in funding earlier this year.
Luge Capital navigates emerging manager minefield, closes second early-stage FinTech fund at $96 million CAD
FinTech VC adds finance leader from Georgian with plans to hire an investor in Calgary.
Six Canadian universities among PitchBook’s 2024 top 100 schools for founders
University of Waterloo tops list of Canadian post-secondary institutions that produce future founders.
Report: Québec venture ecosystem still “highly dependent” on public and para-public funding
Réseau Capital analysis reveals that only a handful of managers can successfully attract private funding.
Sagard hires Georgian’s Parinaz Sobhani as investment firm’s first head of AI
Alternative asset manager bets AI will play a big role in investing over the next decade.
Hardbacon to file for bankruptcy after Google search changes crush affiliate business
CEO says Google’s algorithm updates decimated SEO-reliant financial product referral revenue.
ALL IN 2024 returns to Montréal for its second year
Canada’s leading AI conference to feature speakers from Mila, Forethought, and Meta.
MKB raises $145 million for third cleantech fund mostly from government agencies
Canada Growth Fund, Investissement Québec, CDPQ, and BDC have announced their investment in MKB Fund III.