Toronto healthtech startup plans to at least double its team with $50 million in equity and debt. Phoenix has closed $50 million CAD in equity and debt to help more men suffering from erectile dysfunction (ED) and other common but stigmatized health conditions “rise again.” The Toronto-based healthtech startup—which offers a service for men […]
Accelerator Centre, TIAP, OBIO, and University of Waterloo among supported organizations. The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) had a busy week dispensing $34 million in federal funding to help create new tech and life sciences hubs and help scale startups in Waterloo Region and Toronto. Earlier this week, Ruby Sahota, […]
ThoughtExchange, Verv, and Lorica also started the year by making changes at the top. Burnaby, BC-based legaltech company Clio has promoted a new general manager to oversee its Canadian operations as it looks to expand in its home market. The new manager, Luke Slan, started as an account executive in 2018, where he was […]
Funding for strategy first announced in Budget 2021 to be dispensed over seven years. The Government of Canada officially launched the Canadian Genomics Strategy this week as it looks to advance commercialization and adoption in the sector. The strategy is backed with $175.1 million CAD in federal funding to be dispensed over the next […]
Six years in the making, UW’s startup incubator has a new home in the Innovation Arena. Velocity has a new home at the University of Waterloo’s Innovation Arena in downtown Kitchener. The university-linked incubator will take half of the 90,000-square-foot Innovation Arena, which includes 20,000 square feet of purpose-built lab space for hardware and […]
The founder of exited startup Medesync wants to accelerate clinical research with AI. Silicon Valley-based Medeloop has closed $15.5 million USD ($21 million CAD) in Series A financing to support its platform aimed at speeding up clinical research with artificial intelligence (AI). The all-equity round, which closed in late October, was led by Canadian […]
Jane App co-founder says she doesn’t understand recent calls for businesses to leave Canada. Alison Taylor came to startups from the realm of small business, managing medical clinics in BC before co-founding her “side hustle” in 2014. “We’ve never seen any detriment to building in Canada, if anything, we’ve actually seen a lot of […]
Canadian-led AI pathology startup believes a physical presence in Canada will drive its push into the local market. PathPresentera Montville, NJ-based pathology and artificial intelligence (AI) startup led by a Canadian CEO, is planning to establish a physical presence in Canada following a $7.5-million USD Series A round of funding. The startup offers a […]
