Market watch: Nuvei, VerticalScope, Magnet Forensics
Nuvei posts strong Q4, 2021 earnings as VerticalScope, Magnet see mixed results.
Toronto
UofT spinout Halt AI launches tool to measure brands’ diversity across social media
Halt AI’s co-founders previously worked at AR beauty tech firm ModiFace.
Portage Ventures closes $788.5 million CAD for third FinTech fund
Portage claims the early stage FinTech fund is one of the largest in the world.
Bioscience startup Mikra secures $8.5 million CAD to launch its nutraceutical gel
Mikra claims its product will help boost energy and mental focus on a cellular level.
Somm acquires last-minute restaurant reservation app Dinr to move beyond wine recommendation
Somm describes Dinr deal as “part of a bigger vision” for the wine-focused startup.
DealMaker acquires Ridge Growth Agency to bolster capital raising platform
Ridge brings DealMaker closer to becoming a “one-stop-shop” for raising capital.
Led by Serena Williams’ venture fund, Calico closes $2.6 million CAD to help D2C fashion brands manage their supply chain
Calico’s founder is building the tool she wishes she had for her own D2C brands.
Key raises $11 million to pilot home co-ownership platform in new Canadian, US markets
Key claims a waitlist of nearly 5,000 people for its service.
iRestify closes $6 million to bring building maintenance solution to the US
This is iRestify’s third seed round in four years, following a series of pivots.
Quantum Algorithms Institute, Xanadu team up to increase talent pipeline in quantum computing
Xanadu also announced a partnership with semiconductor manufacturer GlobalFoundries.
Mayday marks calendar year with $3.8 million CAD to help remote workers improve their time management
Amid a saturated market, Jeremy Bell doesn’t want to just “build another calendar.”
Family that formerly co-owned Toronto Star behind new social venture, Hvr Technologies
Hvr wants to create revenue sharing for bloggers, publishers.
The Group Ventures secures $20 million for Fund II to invest in Canadian, Israeli tech startups
The Group Ventures’ portfolio includes MindBridge and Flybits.
Questrade launches online mortgage service QuestMortgage
Mortgages could be a differentiator for Questrade amid Wealthsimple competition.
OpsLevel raises $15 million Series A funding for developer portal
Executives from eBay, PagerDuty, and Sentry invested in the round.