News from BetaKit

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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Federal government’s massive $2 billion CAD loan to Telesat sparks Elon Musk debate between ministers

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Loraine Centeno @ BetaKit 3 place · 09/17/2024 15:21 EDT

Elon Musk claims Starlink can provide similar internet services at half the cost. Minister Champagne disagrees. Read more ›

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Two years after pivot to international financial management, Loop has processed over $1 billion in payments

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Isabelle Kirkwood @ BetaKit · 09/17/2024 06:01 EDT

Returning investors Mistral Ventures and Graphite Ventures among group behind Loop's $6.4-million CAD seed extension. Read more ›

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AI startups dominate latest Google for Startups Accelerator’s Canadian cohort

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Isabelle Kirkwood @ BetaKit 1 place · 09/17/2024 06:00 EDT

Ten of the 14 startups in the latest cohort claim to be using AI or machine learning as part of their core offering. Read more ›

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Exclusive: ApplyBoard secures $100 million CAD credit facility to fuel global expansion

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Bianca Bharti @ BetaKit · 09/17/2024 06:00 EDT

With Canadian student visas projected to drop, ApplyBoard targets Europe and Asia. Read more ›

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PathPresenter to establish subsidiary in Waterloo Region following Series A round

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Isabelle Kirkwood @ BetaKit · 09/16/2024 06:30 EDT

The Canadian-led AI pathology startup believes a physical presence in Canada will drive its push into the local market. Read more ›

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Armed with $2 million CAD, SecondShop launches B2C ‘re-commerce’ platform to change how Canadians buy secondhand

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Isabelle Kirkwood @ BetaKit 2 place · 09/16/2024 06:00 EDT

Harvest Venture Partners believes its studio’s fastest-growing venture has a first mover advantage in the secondary retail market. Read more ›

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Evaluating our 2024 tech predictions as Q4 approaches.

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Bianca Bharti @ BetaKit 3 place · 09/16/2024 05:30 EDT

Plus: Leadership shakeups at OMERS and BDC Read more ›

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Pablo Srugo wanted to be “insanely rich.” It killed his startup.

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Douglas Soltys @ BetaKit · 09/15/2024 18:17 EDT

Now a VC, Gymtrack’s one-time COO cautions founders against becoming their own worst hypebeast. Read more ›

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

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Alex Riehl @ BetaKit 1 place · 09/13/2024 17:55 EDT

Oceans Supercluster also doled out $4.5 million and Scale AI teased a call for projects. Read more ›

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Xatoms, Permalution among 10-startup RBC Women in Cleantech accelerator cohort

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Alex Riehl @ BetaKit 2 place · 09/13/2024 17:42 EDT

Program from MaRS and RBC looks to support woman-identifying or non-binary founders of Canadian cleantech startups. Read more ›

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BDC appoints Geneviève Bouthillier as head of BDC Capital

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Josh Scott @ BetaKit 3 place · 09/13/2024 13:07 EDT

Bouthillier replaces Jérôme Nycz following his recent and sudden departure after 22 years at BDC. Read more ›

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Ecomtent closes $1.15 million CAD in pre-seed funding for its AI-powered content generator

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Isabelle Kirkwood @ BetaKit 1 place · 09/13/2024 06:30 EDT

Startup led by ex-Amazon exec and AI scholar wants to help retailers sell in the AI era. Read more ›

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BDC writes down venture capital portfolio by $220 million in annual report

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Isabelle Kirkwood @ BetaKit · 09/13/2024 06:00 EDT

Crown corporation attributes value shortfall to “uncertain market conditions” despite posting higher than expected net revenue gain. Read more ›

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