CVCA: Canadian venture capital continues to fall back to pre-pandemic levels
Canadian trends are in line with the US and global results.
Small business banking platform Vault launches with backing from Google’s Gradient Ventures
Vault’s co-founders have previously worked at Revolut, Koho.
Mysa acquires United States smart thermostat company as it expands into commercial heating
Mysa, a smart-thermostat company based in St. John’s, Nfld., has acquired the intellectual property of United States smart…
BDC, Vanedge invest in semiconductor startup Bonsai Micro to create advanced wireless networks
Bonsai Micro’s co-founders come from notable BC semiconductor company PMC-Sierra.
Carbonhound raises $1.3 million help small, medium business get ready for emissions regulations
The startup will help cut carbon as the United Nations says “catastrophic” warming is upon us.
Diagram Ventures closes $100-million for latest fund as it continues to bet on FinTech
For the first time, Diagram will also invest in companies it doesn’t have a hand in creating.
Brightspark seeks to recreate its “home run” exits of Think Dynamics, Radian6 as it launches $120-million fund
Brightspark Ventures has made an initial close of $60 million towards its target.
RenoRun shuts down operations as it pursues sale of assets
RenoRun expects to close a purchase of its assets by no later than May 15.
University of Toronto, Université de Montréal get combined $325 million as part of $1.4 billion federal investment into university innovation
Other projects focus on sustainability, health, and migrants.
Practice Better raises $27 million USD to grow client management software for wellness providers
Practice Better claims to have more than 10,000 customers in more than 70 countries.
Neo Financial bets on embedded finance, D2C combo amid tough consumer banking market
After partnering with Intuit, Neo looks to land more embedded finance deals.
RenoRun granted court extension in insolvency filing to pursue sale
RenoRun asked for extension amid “a high level” of interest from potential buyers.
Federal government names six funds to distribute $50 million VCCI life science financing
Pender Ventures, Amplitude Ventures among recipients.
Optable raises $26 million CAD to help companies improve advertising campaigns
Optable is backed by a group of corporate venture investors.
BDC launches $150 million Sustainability fund in revamp of Industrial, Clean and Energy Technology Venture Fund
The Sustainability Venture Fund is set to complement BDC’s $400 million Climate Tech Fund.