Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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BetaKit - Canadian Tech & Startup News
Canadian Tech & Startup News
Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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Alex Riehl

Alex Riehl

Alex Riehl is an Ottawa-based staff writer and newsletter curator at BetaKit. His main interests are in tech, gaming, and sports. You can follow his sports takes @alexriehl.com on Bluesky and reach him by email Alex.Riehl@betakit.com or Signal: @riehlalex.99.

Acquisitions

Interior design project management platform Mydoma acquired by California’s Studio Designer

Aug 1, 2024

Companies will support nearly 20,000 interior designers across the United States and Canada combined.

Funding

Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility

Jul 31, 2024

UgoWork said it might raise additional capital, but declined to disclose further details.

VC

Justice Department involved following Invest Nova Scotia employee email scam

Jul 31, 2024

Phisher impersonating Sandpiper Ventures received $573,000.

Acquisitions

VitalHub agrees to acquire MedCurrent Corporation for up to $34 million

Jul 30, 2024

The total transaction value is dependent on annual performance over 36 months.

FinTech

Three Canadian FinTech firms strike new partnerships

Jul 29, 2024

VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.

Boardroom
Funding

Arcadea Group secures $336 million CAD to acquire vertical SaaS companies

Jul 29, 2024

Capital injection brings the firm’s war chest up to $690 million CAD.

Funding

Xanadu and CMC among partners in academic quantum projects receiving $7.4 million in federal grant funding

Jul 26, 2024

INRS has three projects receiving funding from NSERC.

Funding

RetiSpec secures $13.8 million Series A to detect Alzheimer’s early through retinal imaging

Jul 26, 2024

American pharmaceutical giant Eli Lilly and medical device provider Topcon Healthcare join as strategic investors.

Funding

BC’s Centre for Innovation and Clean Energy invests $7.6 million across nine companies following call for innovation

Jul 24, 2024

Selected companies tackle energy storage, carbon management, alternative fuels, and low-carbon hydrogen.

Funding

Y Combinator grad Gumloop secures $3.1 million USD in seed funding to grow no-code automation tool

Jul 24, 2024

Backers include Y Combinator and founders from Instacart, Dropbox, and WePay.

healthtech
Acquisitions

California-based Agilent Technologies agrees to buy Biovectra for $1.3 billion CAD

Jul 24, 2024

Biovectra is being purchased for the second time in five years.

Loop Energy clean room
Layoffs

Loop Energy alerts creditors to restructuring after layoffs, strategic review

Jul 23, 2024

TSX-listed hydrogen fuel cell company owes creditors more than $13 million, including $9 million to PacifiCan.

Funding

Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa

Jul 23, 2024

Startup claims round is the largest secured by a Black woman founder in Canada.

Cohere's three co-founders posing for a picture.
Funding

Cohere Series D hits $500 million USD raised at $5.5-billion valuation

Jul 22, 2024

BetaKit reported in June that Cohere had secured $450 million with hopes of raising more at a $5-billion valuation.

Markets

WonderFi working on Ethereum-based products with new innovation and development arm

Jul 18, 2024

Dubbed WonderFi Labs, the new arm is working on a Layer 2 blockchain and non-custodial wallet.

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