Moment Energy secures $28.1 million CAD from US Department of Energy to establish gigafactory in Texas
New facility is expected to produce one gigawatt hour annually, enough to power over 750,000 homes.
Canadian Startup News
Applications open for federal SMB programs aimed at AI adoption
The $300 million programs are part of the 2024 federal budget’s $2.4 billion AI package.
Plooto appoints John McLane as new CEO
Toronto FinTech scaleup has reshaped its team with recent hires and restructured workforce.
Jane App, Daanaa headline 2024 BC Tech Impact Awards winners
Awards recognize companies and individuals who have made a significant impact on BC’s tech industry.
Spark Real Estate acquires Juniper Homeowner Care to expand home developer CRM offering
Spark president: “When enough people tell you to combine the two companies, it’s time to start listening.”
Jane App co-founder reveals company’s centaur status at BetaKit Town Hall: Vancouver
Jane App sported a 378 percent three-year revenue growth rate on last year’s Technology Fast 50.
“Intensely patriotic” Jack Newton shares practical approach to scaling Clio at BetaKit Town Hall: Vancouver
Clio’s CEO and founder reminds Canadian tech entrepreneurs there’s more than one way to build.
Kraken Robotics raises $51.75 million CAD through bought deal public offering
Toronto-based investment bank Cormark Securities served as lead underwriter of the offering.
Brightspark closes latest early-stage VC fund at $100 million, appoints new BC partner
“We think we can find the best deals in Canada, so we’re going to keep on doing that.”
Thomson Reuters acquires American portfolio company Materia AI
Materia emerged from stealth earlier this year with Thomson Reuters’ backing.
Phaseshift Technologies raises $4.1 million CAD to fuse material discovery with AI
Startup to commercialize advanced engineering materials for aerospace, automotive, and energy sectors.
Top Down Ventures completes $10-million USD first close of new venture fund for managed service providers
Leaders from ScalePad, Fully Managed aim to raise a total of $25 million USD in 2025.
Québec’s early-stage ecosystem eyes American investment amid fundraising woes
“Living dead” companies last too long in the Canadian ecosystem, said CDPQ’s Tom Birch.
Free Agent is building a LinkedIn-style career marketplace for athletes
Startup founded by Team Canada’s Kirsten Toth wants to support athletes in their post-sport careers.
Family office software MyFO secures $3.5 million USD seed round led by Rhino Ventures
Capital will be used to scale operations, improve product offerings, and expand its team.