White Star Capital wants to lead Canadian seed rounds with new $50-million USD fund
The VC firm has closed $25 million USD to back more early-stage Canadian software startups.
Funding
FedDev Ontario pledges millions to support Black entrepreneurs
The $2.4 million CAD will support the Black Entrepreneurship Alliance’s incubator programs.
Molecular You secures $6.9 million CAD to scale predictive blood tests across North America
Fresh funding follows US launch of direct-to-consumer platform.
Vistara Growth wants out of “tweener” category as private credit firm gears up to close fifth fund
BC firm has raised $370 million CAD for Fund V amid an increasingly hot venture debt market.
Bench IQ raises $7.3 million CAD for AI platform analyzing judicial rulings
CEO’s previous company still in litigation with Thomson Reuters over 2020 copyright case.
Astrus announces $11 million CAD to automate semiconductor design with AI
Astrus aims to tackle a remaining bottleneck in chip design: analog circuits.
Construction tech startup Mechasys lays out blueprint to scale with $23-million Series A
Startup aims to produce laser projector for construction sites in Montréal despite tariff concerns.
Federal challenge grants Photonic and Xanadu funding to advance quantum defence tech projects
Quantum computing firms among the 19 semi-finalists in latest DND-led IDEaS challenge.
Databricks opens Vancouver R&D centre as data giant anticipates $100-billion USD valuation
New hub will be led by Ken Wong, who founded Vancouver startup Datajoy.
General Fusion staves off funding crunch with $30 million CAD to fuel quest for commercial fusion power
CEO’s public plea answered as company resumes advancement of its fusion demonstration program.
Semiconductor manufacturer Ranovus plans $100 million expansion of Ottawa facility
Ontario supports investment with $2 million grant following industry calls to support homegrown innovation.
Canadian-led Aalo Atomics raises $100-million USD Series B for its nuclear power plans
The startup says it can now build its first power plant.
BDC commits another $200 million to startups building tech for legacy industries
Second Industrial Innovation Venture Fund to have increased focus on critical minerals.
Friendlier closes $4.5 million to help more food service operators ditch single-use containers
Guelph cleantech startup claims it has helped reuse over 3.3 million containers since 2019.
Cohere remains Canada’s AI hope
Plus: The bright spot in Québec’s gloomy VC landscape.