With VCCI commitment, Kensington Capital Partners targets $290 million third venture fund
With renewed mandate from Government of Canada, Kensington aims to nearly double its previous fund.
Toronto
1Password acquires Texas-based Passage to fuel push into passkeys
1Password envisions a future beyond passwords.
Snowflake opens Toronto HQ, engineering hub to expand investment in Canada
Billion-dollar US company makes it snow early in Toronto.
Report: Atlantic Canada 10th strongest blue economy startup ecosystem globally
Vancouver closely follows at 14th, with Calgary 27th, and Toronto-Waterloo 35th.
Three big takeaways from BFUTR 2022
Creating opportunities for Black talent is still a disruptive idea in tech.
TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty
Amid looming recession and stiff competition, TouchBistro sets sights on growing efficiently.
University of Toronto one of nine schools chosen for Eric Schmidt’s new $148 million AI research initiative
U of T only Canadian university to secure funding from former Google CEO to apply AI to STEM research.
Cinchy closes $19.7 million CAD Series B to make data integrations obsolete
Forgepoint-backed Cinchy sees room to grow as firms cut costs.
Float quadruples revenue YoY despite increased competition, choppy economy
CEO: “In terms of new entrants, we’re clearly the fastest-growing and the largest.”
Wealthsimple becomes first regulated Canadian crypto platform to offer staking
“We continue to push the boundaries…and have lots more in store.”
Manzil launches “the Halal version of Wealthsimple” for Muslim Canadians
Manzil aims to help Muslims balance financial needs and religious requirements.
Toronto venture funding plunged to a near two-year low in third quarter of 2022
Amid uncertain climate, investors favour tending existing crops over sowing new seeds.
Super Advisor secures $2 million to give financial advisors independence
Rhino Ventures-backed Super Advisor wants to help financial advisors strike out on their own.
DMZ reopens New York City office as it continues international expansion
Executive director: “We’re eager to keep growing the DMZ’s international presence.”
SingleKey acquires competitor Naborly to take the risk out of renting
The deal stands to triple SingleKey’s user base.