News from BetaKit

TandemLaunch closes $37-million Fund IV to create and back deep tech startups

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Josh Scott @ BetaKit · 02/27/2025 15:49 EDT

Through VCCI, feds support the firm's plans to launch new Montréal companies. Read more ›

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Rewind inks data protection partnership with workflow software giant Monday.com

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Alex Riehl @ BetaKit 1 place · 02/27/2025 13:59 EDT

Partnership could mark turning point for Ottawa company that saw momentum slow during 2023 downturn. Read more ›

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Former EventMobi, Voiceflow leaders secure $2 million CAD to tackle retail merchandising with Merchkit

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Josh Scott @ BetaKit · 02/27/2025 06:00 EDT

Startup aims to help retailers cut product launch timelines and operational costs using AI. Read more ›

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Avitia launches AI-powered cancer diagnostics platform with assets from defunct Imagia Conexia

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Madison McLauchlan @ BetaKit · 02/27/2025 05:00 EDT

CEO James Lumsdaine secures $5 million seed round from firm where he is also a partner. Read more ›

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Paperplane Therapeutics raises $1.5 million to ease anxious patients with VR gaming

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Alex Riehl @ BetaKit 2 place · 02/26/2025 17:55 EDT

Funding to help company expand its reach across North America and Europe. Read more ›

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Promise Robotics opens second factory to help increase Canadian housing supply

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Jon Fingas @ BetaKit · 02/26/2025 15:35 EDT

Calgary plant for home builder robots expected to start production this summer. Read more ›

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Vault rebrands to Venn following $21.5 million Series A round

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Alex Riehl @ BetaKit · 02/26/2025 12:35 EDT

Founded as a multi-currency account, Venn looks to broaden its financial management solutions and sales staff. Read more ›

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Opal announces $1.5 million USD to build “the operating system for ad agencies”

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Josh Scott @ BetaKit · 02/26/2025 06:00 EDT

FinTech startup’s backers include Exit North Ventures and Bench co-founder Ian Crosby. Read more ›

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Prosus to acquire SkipTheDishes parent company JustEat Takeaway in $6.2-billion deal

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Alex Riehl @ BetaKit · 02/25/2025 17:04 EDT

Prosus to take JustEat Takeaway private and plans to maintain its key brands. Read more ›

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Non-profit organizations receive nearly $40 million as part of latest AI-focused CanCode program

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Alex Riehl @ BetaKit · 02/25/2025 14:29 EDT

Federal funding aims to teach skills like coding, data analytics, and digital content development to 1.5 million students. Read more ›

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Temu opens marketplace to Canadian vendors as ‘buy Canadian’ push picks up

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Madison McLauchlan @ BetaKit · 02/25/2025 13:49 EDT

Eligible Canadian businesses can now sell products to Canadian consumers directly on Temu. Read more ›

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Using AI, University of Toronto team claims development of strongest nanomaterial yet

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Jon Fingas @ BetaKit · 02/25/2025 13:37 EDT

Team claims the nanomaterial can support over a million times its mass. Read more ›

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Dispersa closes $5.8 million to turn food waste into chemicals for everyday products

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Josh Scott @ BetaKit · 02/25/2025 12:21 EDT

Cleantech startup’s seed round was financed entirely by Canadian investors. Read more ›

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DEI rollback is the “wrong direction for Canada,” open letter says

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Madison McLauchlan @ BetaKit 1 place · 02/24/2025 16:51 EDT

Over 350 tech signatories express support for "Canadian values" of equity and inclusion. Read more ›

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CMD Capital halts fundraising amid “tough” VC market

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Josh Scott @ BetaKit · 02/24/2025 16:40 EDT

Experienced early-stage VCs say the “timing and context are wrong for us to raise a first-time fund.” Read more ›

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Who are Canadian tech’s most ambitious?

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Douglas Soltys @ BetaKit 3 place · 02/24/2025 05:00 EDT

Plus: BDC commits $1B as megadeals keep Canadian VC funding afloat. Read more ›

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How is Canadian tech responding to the trade war?

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Douglas Soltys @ BetaKit 2 place · 02/23/2025 19:24 EDT

Did someone poke the beaver and unleash Canada’s quiet patriotism? A 3-2 overtime hockey win says yes. Read more ›

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Black merchants disheartened after Shopify guts another Equitable Commerce program

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Madison McLauchlan @ BetaKit 2 place · 02/23/2025 16:27 EDT

Following end of Build Native, access to Build Black Slack channel locked at start of Black History Month. Read more ›

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Hyperlume raises $17.8-million seed round to commercialize its AI data centre tech

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Alex Riehl @ BetaKit 1 place · 02/21/2025 15:08 EDT

Ottawa startup claims its microLEDs achieve significant gains in performance, cost, and energy efficiency. Read more ›

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Tribe Network among second round of federal 2SLGBTQI+ Ecosystem Fund recipients

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Alex Riehl @ BetaKit 2 place · 02/21/2025 13:47 EDT

Latest round deals $2.8 million across 12 groups and strengthens program support in Northern and Atlantic regions. Read more ›

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