Canada

Spare from Vancouver secures $42M Series B to expand Paratransit Solutions Globally
Spare, a Vancouver-based transit software startup, has raised $42 million in a Series B funding round led by Inovia Capital, with participation from Kensington Capital and Nicola Wealth. The funding will be used to expand Spare’s global reach into more transit agencies, enhance its AI-driven platform, and meet growing demand, particularly in the paratransit sector.
Toronto’s Northside Ventures has successfully closed its inaugural early-stage venture capital fund, securing $15 million CAD despite a challenging fundraising environment. The firm, led by solo General Partner Alex McIsaac, focuses on backing Canadian founders at the pre-seed and seed stages, particularly in artificial intelligence, vertical SaaS, fintech, and cleantech

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