Inovia raises $420 million CAD for fifth early-stage venture fund
Inovia’s Shawn Abbott says it’s a great time to be a well-capitalized VC.
Thin Air Labs secures $20 million in initial close of Prairie-focused venture fund
The Prairie tech firm has targeted $100 million for first fund.
Shopify shareholders approve increased voting power for CEO Tobi Lütke, 10-for-1 stock split
It’s still the Tobi Lütke show at Shopify.
Clearco expands to Germany while cutting staff in Ireland
The cuts come three months after Clearco promised to hire 125 people in Ireland.
Platform Innovation Centre promised $3.3 million in provincial, municipal funding ahead of official launch
The Centre is set to officially open on June 6.
Pine comes out of stealth to build “Wealthsimple for home buying”
Pine has secured $27 million since it was founded in 2021.
Worximity secures $14 million for smart factory analytics tech
Worximity part of the push towards the ‘Fourth Industrial Revolution.’
Canadian human resources startup Humi secures $31 million Series B
HR execs from ADP and Gusto invested in Humi.
Wealthsimple among international group of companies joining anti-money laundering crypto standard
Coinbase, Gemini among crypto companies leading the TRUST charge.
ChargeLab secures $19.3 million CAD with aim to be Android for EV charging
“The winner will be whoever builds ‘Android’ to power the whole ecosystem.”
Supportbench secures $1.9 million CAD to become Zendesk for B2B companies
First step? Convince investors that B2B customer support could be better.
Boast.ai leadership transition makes Alok Tyagi CEO to scale R&D tax credit company
Boast.ai co-founders Alex Popa and Lloyed Lobo will remain on the board.
Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round
Wealthsimple had Paul Desmaris to fuel its growth; Neo has Peter Thiel.
Alberta government launching internal AI lab powered by AltaML
The government calls this the first public AI lab in Alberta.
Bonsai lays off a third of employees shortly after $21 million Series A, citing shift to growth strategy
CEO says the move is about restructuring to focus on customer acquisition.