OneEleven alumni pass $2 billion USD in collective funding milestone
Eight years after its founding, companies formerly housed in Toronto-based tech innovation hub and incubator OneEleven have…
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Hiring roundup: Benevity, Unbounce, Afterpay, PocketHealth, Wrapbook
Five tech companies with a Canadian presence have recently brought on new team members. Here’s a breakdown of who is joining…
Irwin raises $25 million CAD as investor relations startup claims increased demand due to pandemic
Investor relations software company Irwin announced the closing of a $25 million CAD ($20 million USD) Series A financing round…
OMERS and Vector Institute sign five-year collaboration agreement
The pension plan organization OMERS and the Vector Institute of Artificial Intelligence are partnering on a five-year strategic…
Inovia Capital partner and former RIM exec Dennis Kavelman joins board of BenchSci
Medical AI company BenchSci announced September 9 the addition of Inovia Capital partner and former Research In Motion (now…
Rebranded Nuula secures $120 million for real-time data app, loan offering for small businesses
Nuula is a newly branded FinTech company, now headquartered in Toronto, that is looking to provide small businesses with data…
Facedrive fracas heats up as company confirms it filed suit against its co-founder
Toronto-based ride-sharing startup Facedrive said September 8 that it is “aware of certain allegations circulated concerning…
Cohere raises $40 million USD to make natural language processing more accessible
Toronto-based artificial intelligence (AI) startup Cohere, which provides natural language processing (NLP) models, has secured…
Jeanne Lam named first president of Wattpad
Wattpad executive Jeanne Lam has taken on the role of president, the first in the company’s history as it reports “a period…
Facedrive co-founder claims company considering insolvency amid face off with former CEO
The former president and the former CEO of the embattled ride-sharing company Facedrive both issued news releases – September…
BMO and Riskfuel collaborate on AI for financial transactions
BMO Financial Group continues to leverage artificial intelligence (AI) in its operations with the recent announcement that…
FedDev Ontario commits combined $12 million to OneEleven and new Waterloo-London healthtech hub
In August, the Government of Canada made some investments, through FedDev Ontario, in the province’s innovation and startup…
Toronto tech smashed venture funding records in Q2 with $1.46 billion raised
Toronto tech set a new record for venture funding during the second quarter of 2021, one of several milestones smashed according…
Emerge Commerce to acquire BattlBox, Carnivore Club for up to $23.8 million CAD
Toronto-based Emerge Commerce has signed a definitive agreement to acquire two North American brands that offer subscription…
Maple continues push for all-in-one virtual care with new mental health offering
Toronto-based Maple is extending its reach in the mental health space. The virtual care provider announced August 26 that it…