Paytm, PSP Investments alumni announce $5.25 million to build a super app for Canadian immigrants called Beacon
Beacon aims to become ‘the trusted brand for immigrants to Canada.’
Quebec
Lightspeed stock jumps as Dax Dasilva stays put, posts positive Q4 earnings
The firm’s founder is officially back in the CEO chair, shedding the interim label he’s had since February.
Relocalize closes $2.3 million to decarbonize the food supply chain with micro-factories
Starting with Florida, Relocalize aims to take its ice-making tech across the southern US.
#CDNtech companies Nuvei, WonderFi, Thinkific saw revenue growth in Q1 2024
NowVertical’s revenue for 2023 also increased by 91 percent year-over-year to $51.7 million.
QueerTech report finds change is lagging for 2SLGBTQIA+ tech workers in Canada
Fewer than 40 percent of respondents feel that 2SLGBTQIA+ employees are “consistently treated with respect.”
The Startup Train returns for its 10th year to kick off Startupfest 2024
Chartered train offers a one-way, business-class journey from Toronto to Montréal.
Biointelligence raises $5 million for biomanufacturing efficiency platform
The company intends to use the funds to accelerate growth in the United States and Europe.
Feds, province contribute nearly $85 million to IBM’s Québec semiconductor expansion plans
The funding is part of IBM’s $1-billion plan to develop its operations in Bromont.
Qohash secures $17.4 million in Series B funding for data security platform
Platform finds, inventories, and continuously monitors organizations’ sensitive data.
Community-led bid to buy back Notman House unsuccessful
BDC and IQ accepted another bid for the Montréal startup hub, but it’s unclear by who.
Eocycle Technologies secures $25 million CAD to expand wind turbines in US, Europe
Cleantech firm plans to use government incentives in target markets to accelerate expansion.
Electronics startup SmartD Technologies powers up with $14.2-million Series A
Startup looks to reinvent motor control with Clean Power VFD.
Lightspeed reduces staff by 10 percent in suite of cost-cutting steps following Dax Dasilva’s return
Layoffs part of company’s reorganization strategy following a disappointing response to Q3 earnings.
Startup Open House returns to its roots after acquisition by MTL NewTech
The one-day showcase is hoped to draw up to 900 attendees.
Feds, Québec commit $16 million to create an AI computing cluster at Université Laval
The funding follows recent calls to increase Canada’s AI computing power.