Newfoundland’s InspectAR acquired by Cadence Design Systems
Newfoundland-based startup InspectAR has been acquired by Silicon Valley-based electronic design automation (EDA) software…
Canadian Startup News
Intuit Canada joins Digital Main Street to support small businesses with digital transformation
Intuit QuickBooks Canada is set to announce plans to work with Digital Main Street as the organization looks to help Canadian…
Women-owned businesses suffering greater staff reductions due to COVID-19, report finds
During the COVID-19 pandemic, the percentage of women-owned businesses that have laid off 80 percent or more of their staff…
Halifax startup Groundhog lawsuit alleges US-based ConsenSys stole code to create rival product
Halifax-based crypto startup Groundhog has filed a lawsuit against New York-based ConsenSys, alleging the Ethereum company…
Atomwise raises $163 million CAD Series B
Atomwise, which operates an artificial intelligence (AI)-based drug discovery platform, has raised $163 million CAD ($123 million…
Following pivot and pandemic-fuelled growth, Zoom.ai raises $600,000 in funding
Meeting scheduling software platform Zoom.ai has secured $600,000 CAD in a combination of equity and debt financing. The startup…
Shopify cuts office staff amid remote work shift
Shopify has laid off internal operations staff as the Canadian tech giant shifts to a permanent remote work model, BetaKit…
Out-collaborate your competition: The growth formula for FinTechs
This is the decade where businesses must take on large societal problems. From healthcare, education, climate change, to finance,…
Cleantech startup Flyscan Systems secures $5.7 million CAD in venture funding
Flyscan Systems, a cleantech startup based in Québec City, has closed a $5.7 million CAD ($4.3 million USD) financing round.…
CRA launches updated calculator for Canada Emergency Wage Subsidy
The Canada Revenue Agency (CRA) has launched an updated online calculator for the Canada Emergency Wage Subsidy (CEWS). The…
EnergyX raises $1 million from BDC Capital to fuel US expansion
Toronto-based cleantech startup EnergyX Solutions, which produces software to help businesses and consumers improve energy…
Federal government commits additional $41 million in COVID-19 support to Indigenous businesses
The federal government has committed approximately $41 million in additional COVID-19 support to 73 Indigenous-owned businesses…
14 startups participating in Silicon Valley’s Canadian Technology Accelerator Digital
Fourteen Canadian startups have been selected to participate in the eight-week Canadian Technology Accelerator (CTA) Digital,…
New survey reveals most popular federal COVID-19 support programs for businesses
The federal government’s Canada Emergency Commercial Rent Assistance (CECRA) program, aimed to help small businesses cover…
Today in funding: Dapper Labs, FleetOps, Plurilock, Fortai
Four Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised how much,…