Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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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.

Funding

Ottawa puts $8.5 million behind 40 Atlantic Canadian AI projects

Mar 3

Evan Solomon announces support for Université de Moncton, Volta Labs, Digital Nova Scotia, and others.

FinTech

Wealthsimple becomes first Canadian FinTech to join SWIFT network

Mar 3

Membership continues Toronto firm’s push into international payments.

Reports

Canada’s small businesses felt the “true cost of a fractured global economy” in late 2025

Mar 3

Xero report shows largest quarterly decline in sales growth since fall 2020.

Markets

Damon CEO, CFO, and board resign following prolonged struggle on public markets

Mar 2

Company’s future uncertain as more than 3,000 people wait for a Damon electric motorcycle.

AI

How PeerSupport.io is helping Yukon docs send referrals using only their voice

Feb 27

Clinicians can tell CoWork to send referrals, renew prescriptions, finish notes, and more.

FinTech

Real estate investment platform Addy enters restructuring one year after fine from regulators

Feb 26

Addy’s crowdfunding approach aimed to democratize access to real estate investments.

Healthtech

U of T taps BioLabs to take over incubator after Johnson & Johnson pulls support

Feb 26

University says partnership ensures 30-plus early-stage startups under JLabs can continue their work.

Events

L-Spark completes its first cohort as a corporate accelerator

Feb 24

Executive director sees more to do after eight companies make inroads to telecom giant Mitel.

Business leaders urge Ottawa to extend employee ownership tax incentive

Feb 24

Short-lived tax break encouraging founders to sell to employees is set to expire this year.

Funding

A16z speedrun alum General Magic secures $7.2 million USD to make calling your insurance company less of a slog

Feb 24

Toronto startup’s AI agents communicate with customers through text message.

Markets

Canadian businesses expect more uncertainty as US Supreme Court strikes down Trump’s tariffs

Feb 20

US president claims more tariffs are coming through different legal mechanisms.

Funding

Mecademic secures $21 million to bring its tiny industrial robots to the world

Feb 19

Funding will help expand Montréal headquarters and ramp up hiring in US, Europe, and Asia.

Funding

Toyo raises seed funding to further develop “OpenClaw for founders” tool

Feb 19

Company’s $4.3-million USD raise will help it give business leaders’ busywork to AI agents.

Defence Tech

MDA Space makes defence-industry push with launch of 49North

Feb 19

CAE vet Joe Armstrong will lead subsidiary exclusively focused on Canada’s defence industry.

VC

Capital concentrates as Canadian VC market narrows: report

Feb 19

Just 26 megadeals accounted for two-thirds of all dollars invested in 2025.

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