Fading 2023 VC performance underscores Canadian tech’s “vulnerability,” BDC reports
Down rounds rose from seven percent in 2022 to 31 percent last year.
Artemis closes $2 million CAD to improve data quality for analytics and AI
Indigenous-led Vancouver startup aims to automate data cleanup with AI agents.
Amii secures $3 million from PrairiesCan to fuel AI adoption in the Prairies
Alberta AI hub aims to give SMBs tools and knowledge to leverage AI.
Startupfest shares full schedule for 2024 tech festival
Speakers include leaders from Shopify, Paper, BDC, Disco, Brightspark, BetaKit, and more.
US court overturns $40-million USD patent infringement verdict against Shopify
Shopify calls the judgment “a significant victory in the battle against patent trolls.”
Forma.ai’s first acquisition nets fellow Toronto sales software startup SeaMonster
With SeaMonster, Forma.ai aims to help companies provide activity-based sales incentives.
Conexus Venture Capital launches its second $30-million fund to back Saskatchewan tech startups
Conexus Credit Union reaffirms commitment to local VC with another $15-million.
Paytm, PSP Investments alumni announce $5.25 million to build a super app for Canadian immigrants called Beacon
Beacon aims to become ‘the trusted brand for immigrants to Canada.’
Blossom closes $2.1 million to grow its investing social network in the US
After abandoning its brokerage vision, Blossom plans to remain a social platform.
Bench and Shopify alumni announce $11 million CAD to build “the Stripe for accounting” with Teal
Vancouver-based Teal provides bookkeeping infrastructure to vertical SaaS companies.
Q1 Canadian VC funding posts mixed results as PE market rebounds, CVCA reports
Pre-seed, seed-stage VC funding declines as late-stage investment continues descent.
Gatik secures $41 million CAD from Isuzu Motors as pair expands partnership to build autonomous trucks
Japanese automaker and tech firm with Canadian ties gear up to deliver driverless trucking.
Relocalize closes $2.3 million to decarbonize the food supply chain with micro-factories
Starting with Florida, Relocalize aims to take its ice-making tech across the southern US.
ThinkLabs AI spins out of GE with $6.8 million CAD to simplify electrical grid management
Opus One founder aims to help modernize the grid with his latest cleantech startup.
Baseline closes $2.2 million CAD to help private lenders manage their businesses
Lender-turned-software-startup targets growing private lending market.