New organization Manitoba Innovates to offer funding program for early-stage startups. Two Winnipeg-based tech hubs are merging to launch a new non-profit and a new funding program for early-stage startups. Both organizations will continue to offer their current programs to fulfill existing funding agreements. The new organization, Manitoba Innovates, aims to energize the province’s […]
Rayhawk’s proprietary technology automates opening, inspecting, closing, and sealing railcars lids. Saskatoon-based Rayhawk Technologies has closed a $3-million seed round for its autonomous rail car loading technology. Rayhawk said the round was led by Emmertech, Conexus Venture Capital’s AgTech fund, and did not disclose any other investors. The company said it will use the […]
Calgary company sees dip in total donations, but rise in volunteering compared to 2023. Calgary’s Benevity saw over $140 million donated to more than 56,000 nonprofits across 122 countries and territories through its platform on Giving Tuesday this Dec. 3. The corporate social impact software firm reported 148,000 individuals and 637 companies participated this […]
Sole investor Sixth Street Growth also participated in Clio’s $1.24-billion CAD Series F round earlier this year. Calgary and California-based live events e-commerce startup atVenu has closed $130 million USD ($178.6 million CAD) in equity financing from San Francisco-based Sixth Street Growth. Michael McGinn, partner and co-head of Sixth Street Growth, told Fortune the […]
Economic development agency dispenses $6.3 million across nine startups and ecosystem programs. Prairies Economic Development Canada (PrairiesCan) has invested $6.3 million across nine Saskatchewan ecosystem projects and businesses. The capital distribution comes in the form of large, repayable sums going to “high-growth businesses” such as Andgo Systems to help with scale-up, while smaller, non-repayable […]
The charitable donation software platform sought Maloof’s experience in strategic acquisitions and IPO. Calgary-based charitable donation management software firm Benevity has announced that Christopher Maloof will be replacing outgoing CEO Kelly Schmitt on Sept. 3. Maloof had been serving as an operating partner at prominent American software-focused private equity firm Thoma Bravo and was […]
