Canada Technology

Bitcoin infrastructure unicorn Blockstream raises $289 million CAD to boost mining operations

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 […]

Canada Technology

Flinks co-founders trade open banking for open utility with new startup Deck

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 […]

Canada Technology

Coveo snags SIF investment as AI project funding flows during ALL IN 2024

Oceans Supercluster also doled out $4.5 million and Scale AI teased a call for projects. This week, the federal government and one of the federally-backed Canadian innovation clusters announced a number of financial commitments for artificial intelligence (AI) projects across the country at the second annual ALL IN conference held in Montréal. Canada’s Minister […]

Canada Technology

Hardbacon to file for bankruptcy after Google search changes crush affiliate business

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 […]

Canada Technology

Six Canadian universities among PitchBook’s 2024 top 100 schools for founders

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 […]

Canada Technology

Report: Québec venture ecosystem still “highly dependent” on public and para-public funding

Réseau Capital analysis reveals that only a handful of managers can successfully attract private funding. Québec’s venture capital ecosystem has made impressive strides over the past decade, yet it remains heavily reliant on public and para-public funding to sustain its momentum, according to a new report from Québec-based investment industry association Réseau Capital. The […]