AI drug discovery startup BenchSci scores $63 million Series C round led by Inovia, TCV
BenchSci says its tech is used by 16 of the top 20 pharmaceutical companies.
Funding
New Brunswick Innovation Foundation launches AI fund with support from feds
The fund seeks to accelerate AI research and adoption in New Brunswick.
Ionomr Innovations lands over $18 million led by Shell Ventures
Ionomr was recently named in Cleantech Group’s 2022 Global Cleantech 100 list.
Diversio secures $8.13 million CAD on journey to improve corporate diversity and inclusion
Diversio uses AI to uncover bias in companies and recommend solutions.
Funnelytics snags $1.85 million to launch version 2.0 of its analytics platform
Funnelytics’ platform anonymizes consumer information as online privacy becomes paramount.
Shakepay secures $44 million Series A led by QED Investors to roll out more Bitcoin products
The round gives the Montréal crypto startup a $313 million valuation.
Space data startup Wyvern reveals $4.5 million in pre-seed and seed funding
The company is also set to join Y Combinator’s 2022 cohort.
Sonder makes Nasdaq debut following close of SPAC deal
Sonder’s CEO called the listing “a historic moment” for the company.
1Password claims $744 million CAD round is largest in Canadian history
Hollywood stars, business leaders invested in the password manager startup.
$1 million round caps off busy 2021 for legaltech startup Goodlawyer
Lawyer-turned-entrepreneur aims to make legal services accessible for startups.
2048 Ventures bags $67 million USD Fund II for Canada, US investments
The VC invests in emerging markets outside of Silicon Valley, including Canada.
Financial data and analytics firm Canalyst raises $70 million USD Series C
The round brings Canalyst’s total funding to over $100 million.
Emmertech closes $60 million to grow “dominant” Canadian AgTech companies
The final close adds $15 million and new LPs to the fund.
Hyivy Health secures $1.1 million in pre-seed funding to ease women’s pelvic health problems
The startup is entering clinical trials, and needs to gain regulatory approval.
PainWorth secures $2.1 million CAD to settle personal injury claims using machine learning
The Edmonton startup aims to tackle the “enormous” personal injury market.