University of Toronto, Université de Montréal get combined $325 million as part of $1.4 billion federal investment into university innovation
Other projects focus on sustainability, health, and migrants.
Toronto
Reddit says Canada one of its largest and most key markets globally
Canada represents Reddit’s third-largest market after the US and UK.
Practice Better raises $27 million USD to grow client management software for wellness providers
Practice Better claims to have more than 10,000 customers in more than 70 countries.
How Super raised $85 million USD after rebranding from Snapcommerce
Snap, now “Super,” raised funding from execs at Shopify, Ancestry, Substack.
Vivid Machines raises $5.8 million CAD to help growers virtually monitor fruit trees
Toronto startup uses imaging and AI to monitor crop production.
Inside the reborn OneEleven
Less than two years after the Toronto tech hub’s sudden closure and reopening, its managing director says the “turnaround…
Flash Forest raises $11.4 million CAD to support reforestation using drones and AI
Manual reforestation can be labour-intensive, but this startup claims it can be done in a flash.
KB Nam officially named president of Wattpad following recent leadership change
KB Nam was hired as interim president following two previous leadership departures.
Wealthsimple co-founder Rudy Adler steps back as CMO as company makes exec changes
Diederik van Liere joins startup as new CTO.
General Assembly takes slice out of business, sells frozen pizza line
General Assembly saw an over 40 percent decline in revenue from its frozen pizzas.
Yung Wu to depart as MaRS CEO at end of 2023 as innovation hub begins search for next leader
Wu will remain at organization’s helm during CEO transition.
Tab Commerce closes $1 million USD to help restaurants manage expenses
After growing up in the industry, Tab Commerce’s CEO has returned to his roots.
Kepler Communications raises $122.7 million CAD to launch more high-speed satellites
Kepler’s low earth to orbit satellites reportedly deliver speeds of 2.5 gigabytes per second.
ChargeLab secures $15 million, commercial partnerships with electric vehicle companies to expand US presence
ChargeLab touts itself as “the Android of EV charging.”
Round13 nabs $200 million first close for third fund as co-founders Bruce Croxon, John Eckert step back
Round13’s $150 million growth fund is also in the final stages of closing.