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.
Quebec
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.
Nuvei to be acquired by US-based Advent and taken private in $6.3-billion USD deal
Nuvei will become the latest in string of publicly traded Canadian tech companies to go private.
Flare acquires US-based competitor Foretrace
Flare claims it experienced triple-digital growth in 2023.
Dialogue acquires IP, other assets of fellow digital health platform Koble
Deal is hoped to strengthen Dialogue’s support for women’s healthcare.
Notman House is for sale. A startup-led effort wants to buy it back
Real estate startup Guiker is proposing a fractional ownership model to keep Notman House within Montréal’s tech community.…
Québec to invest nearly $42 million in new AgTech innovation centre
The centre will include laboratories, technological workshops, and a greenhouse complex.
Idealist Capital receives $50 million from Canada Growth Fund
Idealist is the first cleantech investor to receive backing from the $15-billion fund.
CDPQ’S $250-million Equity 25³ Fund is done after only four investments
Diversity-focused fund’s architect left in December to launch his own $150-million fund.
Rithmik secures $2 million to lower mobile mining equipment emissions
The funding will help increase the startup’s global footprint, establish partnerships, and improve its platform.
Proptech startup Landerz plots a course for growth with $1.5-million CAD seed round
Over 100 land opportunities are listed on Landerz’s public platform, totalling over $200 million CAD.
Busbud continues Latin American expansion with acquisition of Buson
Busbud says it now has over 600 partnerships with bus operators in LATAM.