Alison Nankivell departs MaRS for Export Development Canada
Nankivell’s tenure on MaRS lasts only nine months, slightly longer than the executive search to hire her.
Toronto
Why Round13 Capital is betting on venture debt
Following unsuccessful bid for SVB Canada’s assets, Round13 wants to target underfunded startups with TIMIA.
Realize Capital Partners reveals second round of support for impact-focused funds
Backed by Social Finance Fund, Realize’s latest investments include Amplify, Misfit, and Thrive Impact.
The Canadian Space Mining Corporation thinks it can put a nuclear reactor on the moon by 2029
Company has signed an MOU to licence SLOWPOKE-2, a Canadian-made reactor that could power future lunar operations.
Absorb to acquire Together in bid to bring mentorship to its learning software
Calgary firm to absorb Together to provide more “comprehensive learning solution.”
Cookin acquired by US-based, fellow chef-made meal delivery startup CookUnity
CookUnity eyes Canadian expansion starting with Toronto in 2025.
Cyder closes $1.5 million to fuel launch of loyalty platform for credit unions
FinTech startup’s backers include MaRS IAF, Aperture, Desjardins, Arlene Dickinson.
Cohere secures federal backing to build multibillion-dollar Canadian AI data centre
This marks the first investment through the new Canadian Sovereign AI Compute Strategy.
Mississauga’s rising entrepreneurs are cleaning water, transforming legal services, and making robot EV chargers
Sauga Startup Showcase recognizes promising startups.
Online brokerage Questrade lays off undisclosed number of employees
Questrade appears to have quietly exited digital mortgage business around same time Wealthsimple entered it.
AI chipmaker Tenstorrent closes nearly $700-million USD Series D at $2.6-billion valuation
Samsung, Bezos-backed financing comes after the firm quietly relocated to the US.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
With new name, FleetOps secures $30.8-million CAD Series A round
Now called Class8, trucking data startup’s round was led entirely by United States-based investors.
WonderFi and Kraken Canada each break $2-billion CAD mark for assets under custody
Kraken’s Canadian operation exceeds $2 billion as WonderFi reports a 110 percent growth since year-end 2023.
Practice Better looks to opportunistic growth with $18-million CAD credit facility from CIBC
After honing its AI tools and payments offering, the startup is seeking new ways to help practitioners grow.