Alberta Enterprise Corporation launches Accelerate Fund IV with $15 million to back early-stage tech startups
First close from AEC brings Fund IV more than halfway to its $25-million target.
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Benevity reports over $140 million donated through its platform this Giving Tuesday
Calgary company sees dip in total donations, but rise in volunteering compared to 2023.
Shareholders file proposed class action alleging Exro misrepresented revenue projections
Plaintiff describes 2024 revenue forecasts Exro made in January as “delusional.”
Dentists helping dentists: Clinician-founded OraQ secures $2.6 million to help assess patient risk with AI
Losing his Calgary dental practice to 2013 flood turned OraQ’s CEO into an entrepreneur.
The Reporting Hub, Moovez, and ResVR stand out among Calgary’s startups at Launch Party 2024
Award recipients among top 10 Calgary companies recognized at province’s premiere startup showcase.
Leaders from ZayZoon, Verano.AI, Toast recognized at 2024 Start Alberta Tech Awards
ZayZoon named scaleup of the year, while Verano.AI scoops up One to Watch and Most Promising Founder awards.
Alberta Innovates the second provincial innovation agency affected by cyberattack this year
A breach affected Invest Nova Scotia in May that resulted in $573,000 in stolen funds.
Lightstrike raises $1.1 million CAD pre-seed round to commercialize AI-powered code mapper
Round leader Sprout Fund helped Lightstrike founders “mature at a breakneck pace.”
Power marks up value of stake in Wealthsimple beyond 2021 peak
Hike to $2.2 billion reflects rise in public markets, Wealthsimple’s performance, and an upcoming secondary deal.
Clio boosted Canadian VC investment in Q3 2024, but early-stage funding reaches “worrisome” low
Late-stage funding also faltered, accounting for a record low 21 percent of total investment dollars in Canada.
Neo Financial’s $360-million Series D features big names, unanswered questions
Shopify, Slack, PointClickCare, Roblox founders back FinTech scaleup in down round led by unnamed Chinese investor.
Aron Levitz named co-president of Wattpad as #CDNtech executive turnover continues through the fall
Geordie Rose leaves CEO role at Sanctuary AI, becoming the second co-founder to depart this year.
Longbow Capital completes $150-million initial close of second Energy Transition Fund
Fund is targeting $250 million to invest in companies that help lower carbon emissions.
Neo Financial snags top spot on Deloitte’s 2024 Technology Fast 50
This year’s winners achieved an average three-year revenue growth of 3,559 percent.
George Damian named new executive director of the Venture Capital Association of Alberta
Damian takes over from Omi Velasco, who grew the VCAA’s membership by 130 percent in just two years.