Toronto, Vancouver slip in Startup Genome’s 2024 rankings as Montréal, Calgary, Ottawa rise
Smaller Canadian cities make strides in 2024 as larger ecosystems lose some of their lustre.
Quebec
French private equity firm Jolt Capital to open North American headquarters in Montréal
Former Scale AI COO Clement Bourgogne will head the deeptech investor’s Canadian operations.
Inovia raises initial $300 million USD for CDPQ-led third growth equity fund
First close brings Inovia two-thirds of the way to its $450-million target.
How Dax Dasilva plans to get Lightspeed to $1 billion in revenue
Dax is back: why he stepped down, then returned, as the company he founded approaches its 20th birthday.
After over a decade at Lightspeed, JP Chauvet aims to be “good sounding board” as Inovia’s newest executive-in-residence
In wide-ranging BetaKit interview, Chauvet takes stock of Lightspeed tenure, shares plan to help other entrepreneurs.
Surveillance hardware tech startup Vosker secures $171.2 million CAD in debt financing
Startup develops solar-powered remote-monitoring cameras that work without Wi-Fi or electricity.
Valsoft nabs Progitek in sixth acquisition of 2024
Valsoft closed $229 million CAD in growth financing in January to expand its portfolio.
Maxa secures Series A funding led by Framework and BDC Capital
Maxa said the new funding will fuel product development, go-to-market, and customer self-serve capabilities.
Toronto’s lead over other Canadian cities continues to widen in new startup ecosystem rankings
Canada retains fourth place in global rankings, but slips further from the three leading nations.
Amplitude Ventures closes $263 million for second precision medicine VC fund
Amplitude has already made four investments from Fund II.
DIGITAL invests $10.5 million across four AI projects from healthtech startups
Projects from Swift Medical, RxPx, Gotcare, and AlayaCare carry a collective $26-million value.
Startupfest shares full schedule for 2024 tech festival
Speakers include leaders from Shopify, Paper, BDC, Disco, Brightspark, BetaKit, and more.
Busbud acquires South African revenue management platform Ratality
The acquisition adds demand forecasting, dynamic pricing, and fleet management features to Busbud’s platform.
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.’
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.