Bank of Montreal commits $100 million to launch lending program for Black entrepreneurs
Black entrepreneurs can receive loans of up to $250,000.
Funding
Paper secures $343 million CAD with US schools drawn to its remote tutoring tech
Paper doubled the number of students on its platform to two million since last year.
Following recent merger, Startup Montréal announces program to spur late-stage growth
The Government of Québec has committed $6.5 million to the program.
Former Wattpad employees close $300,000 to build relationship improvement app Couply
Couply’s investors include Wattpad co-founder Ivan Yuen, Shopify employees.
Potential Motors closes $4 million CAD to improve off-road electric vehicle performance
The startup focuses on “the most overlooked space in electrification.”
Oncology innovators Canexia Health, Imagia merge, raise $20 million
Imagia CEO Geralyn Ochab will lead the combined companies.
Wyvern secures $4 million from SDTC to use satellite tech for farming
Wyvern previously raised $4.5 million in pre-seed, seed funding.
Gatineau-based Cilex granted $230,000 from federal government to enhance tech incubation services
Cilex will create new incubation, acceleration services for cybersecurity.
Hospitality platform 7shifts secures $101.6 million CAD to increase staffing, product development
Startup says it added more than 10,000 restaurants to its platform last year.
Odaia secures $17.5 million CAD to help pharma firms focus their sales and marketing with AI
Odaia aims to be a “one-stop shop” for pharma data analysis.
Micruity aims to “pensionize” 401(k) plans as it lands $6.5 million CAD seed round
Franklin Templeton and Allianz Life both made strategic investments in Micruity.
Cubbi secures $1.35 million CAD to expand its food delivery and storage platform
The food delivery startup comes from same city as SkipTheDishes.
Axya raises $3.9 million in seed extension to scale deployment of supply chain software
The initial round closed in March and raised $1.5 million.
Newton Crypto now valued at $253 million following $25 million CAD Series B round
Tiny Capital, Shopify co-founder Tobias Lütke’s Snowdevil Capital helped fuel the financing.
Nord Quantique closes $9.5 million seed round co-led by BDC Capital’s Deep Tech fund
Nord develops hardware for fault-tolerant quantum computing.