News from BetaKit

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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Zūm Rails moves recently-named CEO Miles Schwartz to Miami to lead US growth initiative

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Alex Riehl @ BetaKit · 09/12/2024 17:38 EDT

Omni-rail payment solution saw 75 percent increase in its US business over the last year. Read more ›

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Global trends report shows AI adoption still lags in Canada

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Loraine Centeno @ BetaKit · 09/12/2024 16:55 EDT

In Canada, only 35 percent of organizations say AI is ‘widely implemented’ Read more ›

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Disaster restoration startup Kahi looks to solve “adversarial relationship” between insurance companies and subcontractors with IoT

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Alex Riehl @ BetaKit 1 place · 09/12/2024 15:25 EDT

Spun out of a subcontracting company, Kahi raised $2.3 million CAD led by BDC Capital Seed Venture Fund. Read more ›

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Canadian AppDirect co-founder launches Landbase with Inovia, Desmarais family backing

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Isabelle Kirkwood @ BetaKit · 09/12/2024 14:54 EDT

Landbase has closed $12.5-million USD in seed funding for its AI-powered go-to-market solution. Read more ›

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OMERS Ventures to be moved under new Private Capital group run by Michael Block

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Josh Scott @ BetaKit · 09/12/2024 06:00 EDT

Pension fund to reorg following PE head retiring, tasking Block with overseeing portfolio that includes venture, green tech, and growth. Read more ›

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Union representing Canadian Paper tutors threatens legal action following mass layoffs

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Alex Riehl @ BetaKit · 09/11/2024 18:20 EDT

Union says no complaints have been filed yet, but “several lawyers” are working the case. Read more ›

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Amplitude Ventures, Gates Foundation lead Radiant Biotherapeutics’ $35-million USD Series A

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Josh Scott @ BetaKit 3 place · 09/11/2024 07:00 EDT

Amplitude-created biotech startup with scientific roots in SickKids and U of T aims to advance new disease therapies. Read more ›

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Beacon launches remittance solution to help Canadian newcomers receive money from India

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Isabelle Kirkwood @ BetaKit 3 place · 09/11/2024 06:02 EDT

Startup launched out of stealth with $5.25 million in funding earlier this year. Read more ›

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NPower Canada bags $4 million to prime underrepresented youth for the tech sector

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Isabelle Kirkwood @ BetaKit 3 place · 09/10/2024 17:57 EDT

Tech training programs run by Digital, NPower, Microsoft, and CIBC will introduce upskilling in cybersecurity and AI. Read more ›

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Saskatchewan tech sector employment doubled over four-year period: report

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Bianca Bharti @ BetaKit 1 place · 09/10/2024 17:53 EDT

Province says it’s on track to triple the number of tech workers by 2030. Read more ›

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Transit platform Spare raises $42 million Series B led by Inovia

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Alex Riehl @ BetaKit · 09/10/2024 16:36 EDT

Funding to help Vancouver-based startup expand its paratransit solution into more transit agencies. Read more ›

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US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount

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Alex Riehl @ BetaKit · 09/10/2024 14:23 EDT

Acquisition comes mere months after Vancouver startup announced an $11 million CAD seed round. Read more ›

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AI is learning fast, are we?

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Jacqueline Loganathan @ BetaKit · 09/10/2024 13:48 EDT

Future Skills Centre is helping Canadians prepare for a rapidly changing labour market. Read more ›

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Terramera spinout Catalera secures $8.8 million CAD in first Series A tranche

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Alex Riehl @ BetaKit · 09/10/2024 07:00 EDT

Round marks first investment from crown corporation Farm Credit Canada’s Capital arm. Read more ›

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“Gordon Ramsay doesn’t want to flip burgers”: Rundle Partners acquires photography startup Iris Booth as founder prepares to step back

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Josh Scott @ BetaKit · 09/10/2024 06:00 EDT

Halifax startup mass produces headshots for large orgs with its self-service photo booths. Read more ›

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Ideon, Calabrio headline $53 million AI project investment from DIGITAL Innovation Cluster

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Alex Riehl @ BetaKit · 09/09/2024 14:56 EDT

DIGITAL said its investment joins an additional $106 million of industry partner backing. Read more ›

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Luge Capital navigates emerging manager minefield, closes second early-stage FinTech fund at $96 million CAD

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Josh Scott @ BetaKit · 09/09/2024 08:00 EDT

FinTech VC adds finance leader from Georgian with plans to hire an investor in Calgary. Read more ›

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Academics, nonprofits caught in middle of data consent fight as AI companies push for access to copyrighted works

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Kelsey Rolfe @ BetaKit · 09/09/2024 07:00 EDT

The open web is closing as copyright holders seek to bar AI companies like OpenAI and Cohere from using their work without license. Read more ›

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The Canadian universities that ship the most founders

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Bianca Bharti @ BetaKit · 09/09/2024 05:00 EDT

Plus: How dependent is Québec tech on public funding? Read more ›

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