Venture funding surged in Québec and Alberta tech sectors over 2022, bucking national trend
Alberta and Québec investment increased by 89 percent and 21 percent, respectively.
Quebec
CAN Health Network to serve all of Canada with Québec, northern territories expansion
The initiative secured $30 million in federal funding for the expansion.
Canadian privacy commissioners launch joint investigation into TikTok data use
TikTok agreed to a $2 million settlement for a Canadian class action lawsuit last year.
AAVAA closes $2 million CAD to develop smart listening device
AAVAA’s tech allows users to control their electronic devices using their brain.
Cogeco acquires independent internet provider Oxio’s telecom business
The purchase marks latest blow to Canadian telecom competition.
Mining, energy companies lead TSXV’s list of 50 top-performing public companies
Newfoundland’s Kraken Robotics tops technology category.
Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds
PINQ² will operationalize the quantum supercomputer this year.
Ferme d’Hiver raises $46 million CAD to replace 10 percent of Canada’s strawberry imports
Ferme 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
The 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
Google finally opens new Montréal office after big 2020 commitment to expand in Canada.
Québec venture funding faced a perfect storm in Q3 2022
A 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
The suit is seeking $10 million in punitive damages from both startups.
Espace CDPQ appoints Nicolas Rubbo as managing director
Nicolas 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
VCs are treading water as market tides change.
Financial rates comparison platform Ratehub receives “major” investment from Novacap
Novacap buys into financial education platform Ratehub amid increasing mortgage rates.