Montréal founders say their rounds fell apart after Impulsion PME’s “safety net” for investors disappeared. Following the surprise suspension of a Québec investment-matching program, a Montréal-based sustainable packaging startup says it could fold within the next few months if it can’t secure new funding. Mishel Wong, the founder and CEO of Bopaqa cleantech startup […]
Startups honoured included item-sharing app Partage Club and fundraising platform Zeffy. Last night marked the sixth edition of the Startup Community Awards (SCA) Gala in Montréal—an evening that reflected a turbulent year of change for Québec’s innovation ecosystem. Over 400 people attended the gala at Maison Alcan on Nov. 28, organized by MTL NewTech […]
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 […]
“We think we can find the best deals in Canada, so we’re going to keep on doing that.” Montréal-based venture capital (VC) firm Brightspark Ventures has closed its latest fund for early-stage Canadian technology startups with over $100 million CAD in total commitments and added a new partner in Vancouver to capture more British […]
Repeat investor Fulgur Ventures led the financing round, bringing the Bitcoin giant’s total funding to over $822 million CAD. Montréal Bitcoin infrastructure firm Blockstream has raised $210 million USD ($289 million CAD) in convertible note financing to expand its capacity as a Bitcoin treasury and innovate its layer-2 technology offerings. Delaware-based Fulgur Ventureswhich typically […]
Latest API endeavour garners $6.2 million CAD in funding from Golden, Luge, & Better Tomorrow Ventures. The founders behind FinTech-focused Flinks are back with another startup—but instead of financial data, they’re connecting businesses with utility data to track energy consumption. Repeat founders Yves-Gabriel Leboeuf and Frédérick Lavoie have raised $4.5 million USD ($6.2 million […]
CEO says Google’s algorithm updates decimated SEO-reliant financial product referral revenue. Montréal-based FinTech startup Hardbaconwhich offers a free budgeting app and generates revenue through lead generation and affiliate marketing for financial products, has shut down after seeing most of its Google traffic vanish over the past year, following some updates to the search giant’s […]
Alternative asset manager bets AI will play a big role in investing over the next decade. Montréal-based investment giant Sagard Holdings has appointed its first head of artificial intelligence (AI), hiring Parinaz Sobhani to bolster its in-house expertise in an area it believes will play a key role for the firm over the coming […]
University of Waterloo tops list of Canadian post-secondary institutions that produce future founders. Six Canadian universities have landed spots in Pitchbook’s recent Top 100 list of post-secondary institutions that produced the most founders at the undergraduate level. The University of Waterloo topped the list of Canadian universities and ranked 21st globally for the third […]
