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.
Quebec
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.
Google Canada provides $2.7 million in research grants to major Canadian AI institutes CIFAR, Amii, CEIMIA
The funding is aimed at supporting research into sustainability and responsible AI development.
Sonder faces class action investigation after delaying financial results due to errors in past statements
Company said correcting the errors will increase its net loss for 2022 and 2023.
Nuvei stock rises as company confirms discussions following report of potential buyout
Nuvei has formed a special committee to evaluate “expressions of interest” the company has seen.
Monadical launches Developer Capital to fund early-stage AI startups with help from its team of software devs
Montréal investment corp. has closed $2.5 million CAD, backing Unified.to and Rithmik.
Music collaboration startup BeatConnect raises $2.25 million CAD
Platform led by CBC alumni reached over 70,000 users in 2023.