Plooto appoints John McLane as new CEO
Toronto FinTech scaleup has reshaped its team with recent hires and restructured workforce.
Toronto
Brightspark closes latest early-stage VC fund at $100 million, appoints new BC partner
“We think we can find the best deals in Canada, so we’re going to keep on doing that.”
Thomson Reuters acquires American portfolio company Materia AI
Materia emerged from stealth earlier this year with Thomson Reuters’ backing.
Phaseshift Technologies raises $4.1 million CAD to fuse material discovery with AI
Startup to commercialize advanced engineering materials for aerospace, automotive, and energy sectors.
Inside FreshBooks’ struggle to reach profitability
FreshBooks is on a multi-year rollercoaster ride of executive turnover, staff reductions, and office shutdowns.
New funding for Kepler and Wyvern headline busy month in Canadian space tech
Wyvern and Kepler secure funding, Mission Control inks big partnership, and Volta Space preps for launch.
Round13 Capital to acquire startup lending platform TIMIA Group for $6.5 million
Round13 managing partner says the deal equips VC firm with an expanded arsenal of financing options.
NCC commits $22.8 million to 37 cybersecurity projects
Projects funded by National Cybersecurity Consortium to focus on commercialization, development, and training.
Fable raises $25-million USD Series B round from Five Elms Capital to tackle accessibility in AI
Disruption Ventures gives up board seat to Five Elms after exiting its Fable position.
Information VP forgoes fourth fund in favour of SPV-style investing
GPs attribute change to VC market conditions and personal factors.
Untether AI, Tenstorrent headline ventureLAB’s 2024 HardTech Summit
HardTech Summit takes place November 6 and 7 at the Toronto Marriott Markham.
Moselle secures $2.1 million CAD to help brands manage their inventory with AI
Highline Beta spinout wants to tackle a $1.77-trillion problem faced by consumer brands.
Toronto delivers for Uber’s tech team
Uber’s Canadian engineering hub is creating global products with the agility of a startup.
MaRS CEO lays out reset business model as innovation hub makes more cuts
Alison Nankivell targeting 50/50 split between public and private funding “in the next few years.”
BlueCat Networks to acquire San Francisco-based LiveAction from Insight Partners
Insight will remain a minority investor in the network intelligence solution.