Canada’s largest VC reports for duty
Plus: Canada launches its own quantum research program to rival DARPA initiative.
VC
BDC unveils $4-billion defence technology platform
Crown corporation explicitly encourages businesses to “apply their skills to defence needs.”
Amiral Ventures holds $40-million first close to address “lack of leadership” in Canadian VC
Montréal firm backed by Québec government, Desjardins Capital, and nearly 50 individual LPs.
BDC tells VCs it’s willing to lift restrictions on defence investing
Crown corporation aims to support the build up of Canada’s defence industry.
Inovia promotes two principals to partner as it readies 2026 fundraising push
Montréal VC firm planning a sixth venture fund and “larger” Discovery Fund II to back emerging managers.
Lightspeed president JD Saint-Martin returning to VC roots at Boreal Ventures
Saint-Martin will join the Montréal firm at the end of March as it raises its second fund.
CVC hits $30-million target for second Saskatchewan-focused fund
Conexus Venture Capital’s first fund made 17 investments in Prairies-based startups.
CCI president Benjamin Bergen leaves to lead CVCA
Bergen has led the Jim Balsillie-co-founded tech lobby group since its inception.
US firm Forum Ventures bets on Toronto to build next wave of AI software startups
New $11.5-million USD fund will funnel capital to AI-native, B2B SaaS companies.
Another fund partner leaves BDC
Guillaume Mercier steps away from Industrial Innovation Fund as leadership churn continues.
Amid global DEI backlash, Canadian VC sees more women and visible minorities in leadership roles
DEI initiatives remained important in Canada in 2024, but climate pledges lagged.
Inovia Capital opens Abu Dhabi office as Canada strengthens ties with UAE
Montréal VC firm looks to forge commercial and financial partnerships for its portfolio companies in the region.
As DEI backlash spills into Canada, Black tech leaders envision a more sustainable model
Advocates say tech industry should focus on cross-initiatives, community, and access to capital.
New Life Sciences Fund and leadership churn reveal continued reset at BDC
Growth Venture Fund leader is out nine months after BDC allocates $1 billion and expands mandate.
Whitecap Venture Partners welcomes Damien Steel following his Deep Sky departure
OMERS Ventures veteran rejoins VC industry as Whitecap preps its sixth fund.