Canada Technology

Mangrove Lithium secures $50.4 million to construct lithium refining plant in British Columbia

Company claims facility will produce enough battery-grade materials annually to power 25,000 EVs. Vancouver-based Mangrove Lithium has closed $35-million USD ($50.4-million CAD) in strategic financing to start construction on its new lithium refining plant. Participants in the round include new investors Mitsubishi, Asahi Kasei, provincial innovation agency InBC, Orion Industrial Ventures, and Export Development […]

Canada Technology

Aspect Biosystems lands $165-million CAD Series B to advance 3D-printed tissue therapies

Financing pushes Vancouver startup closer to clinical trials targeting diabetes, liver disease. Vancouver-based Aspect Biosystems has raised a $115-million USD ($165 million CAD) Series B round to realize its ambitions of bringing 3D-printed tissue therapies into clinical use. Aspect has developed 3D-printing technology more at home in the realm of science fiction than Canadian […]

Canada Technology

Clio’s Jack Newton can build another Shopify without building like Shopify

Practical patriotism is cool now. For BetaKit’s second-ever Town Hall, Clio CEO and co-founder Jack Newton was the perfect guest to carry forward the national conversation on Canadian productivity, innovation, and optimism. With 16 years in the game at Clio, Newton’s perspective on building in Canada is earned. He’s also shown himself to care […]

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

FansUnite sells American subsidiary back to co-founders, delists from TSX

FansUnite said it expects to retain approximately $500,000 CAD to “explore new business opportunities.” Vancouver-based sports betting tech company FansUnite Entertainment has sold FansUS,  its United States (US)-based subsidiary, back to its co-founders. The sale includes the operations of online gambling support company Betting Hero. As a result, FansUnite has delisted from the Toronto […]