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.
Quebec
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.
Triptyq Capital launches fund to fill financing gaps in Québec’s creative economy
Triptyq wants to help in creating 20 startups.
Québec’s new French language bill prompts letter of concern from tech business leaders
Stringent language requirements raise worries over attracting talent and economic damage.
Startup Montréal unveils inaugural Hypercroissance Québec cohort
This 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
GSF aims to create over 8,000 tech training opportunities for youth.
Québec’s innovation minister “not happy” with province’s R&D commercialization
With 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
Financing from Claridge fund focused on supporting Québec food processing firms.
Hockey Canada partner Spordle acquires Vancouver-based HiSports
The move will make Spordle a leading provider of all minor hockey in BC.
Québec venture funding turned a new corner in Q1 2022 with $1.4 billion raised
Québec’s later-stage tech startups make waves while early-stage funding loses steam.