Crypto giant Ripple to acquire stablecoin payments platform Rail for $275 million CAD
Ripple says acquisition will help drive stablecoin innovation and adoption in global payments.
Canadian-founded Clay raises $100-million USD Series C led by Alphabet’s growth fund
Clay has grown its valuation sixfold in just over a year, from $500 million USD to $3.1 billion USD.
LiORA secures $5.1 million in seed funding to scale its soil remediation platform in the United States
Remediation platform tracks and helps clean pollution in abandoned industrial sites.
Blue J raises $167.4-million CAD Series D after AI tax research platform more than doubles revenue
Funding to bolster Toronto startup’s team expansion, product development, and market reach.
Enabled Talent is using AI to make every job disability-inclusive
Hiring platform preps “full-scale launch” after partnering with Algoma University on accessibility tool.
Public safety tech platform Versaterm acquires Texas firm DroneSense for more than $100 million USD
Versaterm CEO says deal “moves us closer to a future where drones are as routine as any patrol or fire unit.”
Ontario Premier Doug Ford officially cancels province’s contract with SpaceX’s Starlink
Province follows through on US tariff countermeasure, pays undisclosed break fee to Elon Musk’s company.
Yaletown Partners raises $100 million in first close for third Innovation Growth Fund
Vancouver VC firm is targeting a final close totalling $250 million within the next year.
Canada awards $14.6 million contract to space triumvirate to build its new lunar rover
MDA Space, Mission Control, and Canadensys to begin exploring size and scope of “long-term project.”
Cybersecurity startup Cavelo secures $5-million seed extension round led by Inovia Capital
CEO of Waterloo company claims growth over past year “has been nothing short of incredible.”
Growcer snaps up assets of bankrupt US rival Freight Farms
Ottawa-based modular farming startup now has over 600 new customers from 30 different countries on its plate.
Is Canada’s productivity saviour a hallucination?
Plus: OMERS Ventures refocuses on Canada under new leadership.
Ontario nurtures forest-based innovation accelerator CRIBE with $5-million investment
Funding aims to grow and commercialize companies creating forest-based solutions.
Femtech Canada hopes to bring women’s healthtech to market through its first commercialization program
Program provides $20,000 in commercialization assistance services from physician groups and contract organizations.
Eyam Health strikes partnership with Swiss non-profit to develop one-dollar malaria treatment
Eyam claims its AI drug discovery and delivery platform can develop treatment at less than half the usual cost.