Northleaf and Kensington both close their VCCI-backed funds
VCCI-backed funds-of-funds feature respective $370 million and $290 million war chests.
R|T: The Retail Times – Exclusive: Ex-Lightspeed CEO nabs Inovia gig
Plus: Costco building an ad business with customer data.
Descartes acquires UK-based logistics platform BoxTop for $18 million CAD
The deal follows a similar across-the-pond acquisition in April.
Zero Point Cryogenics secures $2.67 million to help cool quantum computers
The non-dilutive funding came from PrairiesCan and the City of Edmonton’s Edge Fund.
Sharethrough to merge with French adtech firm Equativ
Deal comes two-and-a-half years after Sharethrough scrapped TSX IPO plans.
A|I: The AI Times – Cohere had a busy week
Plus: How Apple fell behind in the AI arms race.
Kardium secures $143 million CAD to help bring irregular heartbeat treatment to market
The financing follows Kardium’s $158-million CAD round in 2021.
Copperleaf Technologies to join wave of #CDNtech go-privates in $1-billion deal with IFS
Copperleaf expects IFS to continue investing in its Vancouver team.
S|W: The SaaS Weekly – Certn gets investigated by privacy watchdogs
Plus: BlackBerry asks court to throw out workplace misconduct suit.
French private equity firm Jolt Capital to open North American headquarters in Montréal
Former Scale AI COO Clement Bourgogne will head the deeptech investor’s Canadian operations.
Sonya Shorey officially named president and CEO of Invest Ottawa
Shorey held the lead on an interim basis following Michael Tremblay’s November 2023 departure.
F|T: The FinTech Times – The unravelling of LoanSnap after raising $100 million
Plus: Ratehub has a new CEO.
H|T: The Healthtech Times – Amplitude Ventures closes $263M for second precision medicine fund
Plus: The new Alberta program looking to connect the healthtech ecosystem.
Tiny appoints WeCommerce head Jordan Taub as its new CEO
Tiny co-founders Andrew Wilkinson and Chris Sparling will “remain actively involved” as company chairs.
Canada’s AI Global Innovation Cluster invests $31.3 million across 22 projects
Alongside partner participation, Scale AI says the projects represent a $96-million investment.