Clio boosted Canadian VC investment in Q3 2024, but early-stage funding reaches “worrisome” low
Late-stage funding also faltered, accounting for a record low 21 percent of total investment dollars in Canada.
VC
Longbow Capital completes $150-million initial close of second Energy Transition Fund
Fund is targeting $250 million to invest in companies that help lower carbon emissions.
Father-son Schwartz duo team up with FinTech founders to launch Exit North Ventures
Leaders of Canadian Fintech, CLA, Financeit, LendCare, others look to back FinTech startups with $20-million fund.
George Damian named new executive director of the Venture Capital Association of Alberta
Damian takes over from Omi Velasco, who grew the VCAA’s membership by 130 percent in just two years.
Chris Albinson departs as Communitech CEO but keeps reins of True North Fund
True North Fund announces second close with three unnamed investments to date.
Invest Nova Scotia has recovered most of stolen funds following summer scam
Justice Department helped return majority of $573,000 lost to email breach and phishing attack.
Panache Ventures partner Chris Neumann to depart VC firm, Sarah Willson promoted to principal
Partner Patrick Lor to lead Panache’s efforts in Western Canada going forward.
Brightspark closes latest early-stage VC fund at $100 million, appoints new BC partner
“We think we can find the best deals in Canada, so we’re going to keep on doing that.”
Top Down Ventures completes $10-million USD first close of new venture fund for managed service providers
Leaders from ScalePad, Fully Managed aim to raise a total of $25 million USD in 2025.
Québec’s early-stage ecosystem eyes American investment amid fundraising woes
“Living dead” companies last too long in the Canadian ecosystem, said CDPQ’s Tom Birch.
Georgian Partners isn’t the only one
Plus: Meet the BetaKit Town Hall: Vancouver speakers.
Round13 Capital to acquire startup lending platform TIMIA Group for $6.5 million
Round13 managing partner says the deal equips VC firm with an expanded arsenal of financing options.
Ontario launches second phase of life sciences strategy to bolster research and funding
$146 million commitment to support new Life Sciences Scale-Up Fund, wet labs programs, and procurement.
Information VP forgoes fourth fund in favour of SPV-style investing
GPs attribute change to VC market conditions and personal factors.
Diagram Ventures beats target to close first ClimateTech Fund at $80 million
Sagard-backed firm will apply FinTech-honed venture builder model to cleantech.