News from BetaKit

Thomson Reuters acquires American portfolio company Materia AI

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Alex Riehl @ BetaKit 3 place · 10/22/2024 16:03 EDT

Materia emerged from stealth earlier this year with Thomson Reuters’ backing. Read more ›

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Phaseshift Technologies raises $4.1 million CAD to fuse material discovery with AI

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Isabelle Kirkwood @ BetaKit · 10/22/2024 15:52 EDT

Startup to commercialize advanced engineering materials for aerospace, automotive, and energy sectors. Read more ›

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Top Down Ventures completes $10-million USD first close of new venture fund for managed service providers

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Isabelle Kirkwood @ BetaKit · 10/22/2024 14:32 EDT

Leaders from ScalePad, Fully Managed aim to raise a total of $25 million USD in 2025. Read more ›

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Québec’s early-stage ecosystem eyes American investment amid fundraising woes

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Madison McLauchlan @ BetaKit · 10/22/2024 13:48 EDT

“Living dead” companies last too long in the Canadian ecosystem, said CDPQ’s Tom Birch. Read more ›

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Free Agent is building a LinkedIn-style career marketplace for athletes

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Isabelle Kirkwood @ BetaKit · 10/22/2024 06:00 EDT

Startup founded by Team Canada’s Kirsten Toth wants to support athletes in their post-sport careers. Read more ›

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Family office software MyFO secures $3.5 million seed round led by Rhino Ventures

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Alex Riehl @ BetaKit 1 place · 10/21/2024 17:10 EDT

Capital will be used to scale operations, improve product offerings, and expand its team. Read more ›

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PacifiCan and PrairiesCan commit $17.7 million to companies in Western Canada

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Alex Riehl @ BetaKit · 10/21/2024 16:24 EDT

BC and Alberta companies to receive funding include WaitWell, Avanti, and Ideon Technologies. Read more ›

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Champagne and Conservatives point fingers as Canadian cleantech startups suffer continued SDTC funding delays

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Josh Scott @ BetaKit · 10/21/2024 14:17 EDT

Startups face layoffs and cancelled contracts to cover SDTC financing shortfalls. Read more ›

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Georgian Partners isn’t the only one

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Douglas Soltys @ BetaKit · 10/21/2024 05:15 EDT

Plus: Meet the BetaKit Town Hall: Vancouver speakers. Read more ›

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Does Canada have the leverage to regulate Big Tech?

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Douglas Soltys @ BetaKit 1 place · 10/20/2024 18:34 EDT

Google is a monopolist. We spoke with a former Google Canada exec about what should happen next. Read more ›

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The BetaKit Quiz, Oct. 18, 2024

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Isabelle Kirkwood @ BetaKit 1 place · 10/18/2024 18:16 EDT

Industrial espionage, VC shake-ups, and Ru Paul’s Drag Race. Test your knowledge of #CDNtech news. Read more ›

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Inside FreshBooks’ struggle to reach profitability

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Alex Riehl @ BetaKit 2 place · 10/18/2024 15:50 EDT

FreshBooks is on a multi-year rollercoaster ride of executive turnover, staff reductions, and office shutdowns. Read more ›

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New funding for Kepler and Wyvern headline busy month in Canadian space tech

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Alex Riehl @ BetaKit 3 place · 10/18/2024 13:23 EDT

Wyvern and Kepler secure funding, Mission Control inks big partnership, and Volta Space preps for launch. Read more ›

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Round13 Capital to acquire startup lending platform TIMIA Group for $6.5 million

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Isabelle Kirkwood @ BetaKit · 10/18/2024 06:00 EDT

Round13 managing partner says the deal equips VC firm with an expanded arsenal of financing options. Read more ›

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Hong Kong billionaire ups stake in Well Health Technologies with $81-million CAD private share purchase

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Isabelle Kirkwood @ BetaKit · 10/17/2024 16:27 EDT

After buying 18 million shares, Solina Chau now holds a 14 percent stake in Well. Read more ›

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NCC commits $22.8 million to 37 cybersecurity projects

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Alex Riehl @ BetaKit 1 place · 10/17/2024 15:51 EDT

Projects funded by National Cybersecurity Consortium to focus on commercialization, development, and training. Read more ›

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Bitcoin infrastructure unicorn Blockstream raises $289 million CAD to boost mining operations

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Madison McLauchlan @ BetaKit · 10/17/2024 10:04 EDT

Repeat investor Fulgur Ventures led the financing round, bringing the Bitcoin giant’s total funding to over $822 million CAD. Read more ›

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Fable raises $25 million USD Series B round from Five Elms Capital to tackle accessibility in AI

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Alex Riehl @ BetaKit 1 place · 10/17/2024 09:25 EDT

Disruption Ventures gives up board seat to Five Elms after exiting its Fable position. Read more ›

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Ontario launches second phase of life sciences strategy to bolster research and funding

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Alex Riehl @ BetaKit · 10/16/2024 17:33 EDT

$146 million commitment to support new Life Sciences Scale-Up Fund, wet labs programs, and procurement. Read more ›

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Information VP forgoes fourth fund in favour of SPV-style investing

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Josh Scott @ BetaKit · 10/16/2024 15:43 EDT

GPs attribute change to VC market conditions and personal factors. Read more ›

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