News from BetaKit

Canada won’t pursue national semiconductor strategy, AI minister says

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Alex Riehl @ BetaKit 1 place · 05/08/2026 13:41 EDT

Canada is the only G7 country without a standalone strategy. Industry groups are urging action. Read more ›

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Ayrton Energy raises $9.1 million CAD in bid to expand clean hydrogen solution in the US

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Isabelle Kirkwood @ BetaKit · 09/24/2024 14:08 EDT

Round was co-led by Clean Energy Ventures and BDC Capital. Read more ›

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With Nmbr, former Humi execs want to power embedded payroll products across Canada

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Isabelle Kirkwood @ BetaKit · 09/24/2024 07:00 EDT

Startup is backed with $7.6 million CAD from Panache, Luge, Golden, and Motivate. Read more ›

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Former CVCA chair alleges CEO Kim Furlong “appeared unwilling or unable to advocate” for membership in meeting with international LPs

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Josh Scott @ BetaKit · 09/23/2024 17:51 EDT

CVCA insists it remains dedicated to championing Canada following Peter van der Velden’s public comments. Read more ›

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Months-long dispute between Bitfarms and Riot Platforms draws to a close as companies reach settlement 

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Isabelle Kirkwood @ BetaKit · 09/23/2024 16:02 EDT

Board member Andrés Finkielsztain steps down as Riot withdraws bid to reshuffle Bitfarms board. Read more ›

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Pangaea Ventures closes $115 million CAD impact fund to back sustainability-focused hardtech solutions

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Isabelle Kirkwood @ BetaKit 1 place · 09/23/2024 09:00 EDT

Half of Pangaea’s fifth and largest fund has been deployed to date. Read more ›

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Will Canadian VCs rebound in time to fund early-stage startups?

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Bianca Bharti @ BetaKit · 09/23/2024 06:00 EDT

Plus: Paper loses another co-founder and Teralys targets $570-million fund-of-funds. Read more ›

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Evolving Canada’s AI strategy with CIFAR’s Elissa Strome

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Douglas Soltys @ BetaKit · 09/22/2024 18:49 EDT

With phase three of its strategy on the horizon, can CIFAR keep up with AI’s pace of change? Read more ›

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Koho set to launch line of credit offering through partnership with Propel Holdings

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Alex Riehl @ BetaKit 1 place · 09/20/2024 16:22 EDT

FinTech startup to roll out bank-like offering as it attempts to become a licenced bank. Read more ›

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Tips for finding a job in a tough market

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Isabelle Kirkwood @ BetaKit 2 place · 09/20/2024 14:51 EDT

Soft skills and AI know-how are the new gold for Canadian tech companies. Read more ›

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Rebelstork secures $24.45 million CAD Series A to bolster tech and operations

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Alex Riehl @ BetaKit 3 place · 09/20/2024 13:41 EDT

All-equity round saw participation from Serena Williams' and Jay Z's venture funds. Read more ›

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BC’s cleantech, AgTech startups dominate 2024 New Ventures BC Competition

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Isabelle Kirkwood @ BetaKit · 09/20/2024 13:27 EDT

Timezyx, SkyAcres, and skiKrumb took a slice of the $250,000 up for grabs in this year’s competition. Read more ›

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Canadian startup formation data from Panache Ventures points to future demand for capital

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Alex Riehl @ BetaKit · 09/20/2024 12:55 EDT

Panache Ventures general partner Prashant Matta suggest founders and investors must get back to playing offence. Read more ›

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Paper co-founder Roberto Cipriani steps down from day-to-day role

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Alex Riehl @ BetaKit · 09/19/2024 18:22 EDT

Montréal EdTech startup’s tumultuous summer continues following layoffs, leadership shakeups. Read more ›

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Teralys Capital says it “should” hit $570-million fund-of-funds target by end of year

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Alex Riehl @ BetaKit · 09/19/2024 17:21 EDT

Montréal-based Teralys confirmed $475 million raised to date, making it the largest VCCI-backed fund. Read more ›

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Motion closes $30-million USD Series B in bid to become “command centre for creative strategists”

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Josh Scott @ BetaKit 1 place · 09/19/2024 12:17 EDT

Inovia-backed adtech startup’s software enables creative strategists to turn data into ad ideas. Read more ›

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Fears of repeating Web 2.0’s mistakes permeate AI-focused Competition Summit 2024

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Alex Riehl @ BetaKit · 09/19/2024 11:28 EDT

Concerns over fate of Bill C-27 loomed over panel discussions between Canadian regulators. Read more ›

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Five unmissable highlights of this year’s Elevate Festival

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BetaKit @ BetaKit · 09/19/2024 06:30 EDT

Kara Swisher, Dax Dasilva, WNBA Toronto and some epics after-parties around the city. Read more ›

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Nomic Bio secures $42 million Series B to expand startup’s protein mapping platform

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Alex Riehl @ BetaKit 1 place · 09/18/2024 15:49 EDT

Montréal-based Nomic Bio claims technology now in use by more than 75 companies. Read more ›

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Mosaic to scale homegrown 3D printing infrastructure with $28 million CAD of equity growth funding

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Bianca Bharti @ BetaKit 3 place · 09/18/2024 09:38 EDT

CEO says recent nearshoring push has been a boon for the 3D printing manufacturer. Read more ›

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Okanagan tech sector generated just under $5 billion of economic impact in 2023

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Isabelle Kirkwood @ BetaKit 3 place · 09/17/2024 18:36 EDT

Fifty-eight percent of the region's 787 tech companies have already reached profitability. Read more ›

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