Rivercity Innovations (RCI), an Internet of Things (IoT) startup based in Saskatoon, has raised $2 million CAD in funding to expand its cold chain monitoring solutions globally.
Rivercity Innovations (RCI), an Internet of Things (IoT) startup based in Saskatoon, has raised $2 million CAD in funding to expand its cold chain monitoring solutions globally.
Toronto-based startup Ecomtent has closed a $1.15 million CAD pre-seed funding round to further develop its AI-driven content generator for e-commerce retailers. The round was led by MaRS Investment Accelerator Fund (MaRS IAF), with additional participation from Techstars, eBay Ventures, and several angel investors from the retail and tech industries.
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,
NPower Canada, a tech training charity, has secured $4 million from the Government of British Columbia to expand its Canadian Tech Talent Accelerator (CTTA) program. The initiative focuses on upskilling underrepresented youth for careers in the tech industry, particularly in areas like cybersecurity and artificial intelligence.
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
Toronto's New School Foods has raised $8 million CAD ($6 million USD) in a seed extension round to support the launch of its plant-based salmon alternative in the U.S. and Canada. The round was led by Good Startup, with participation from returning investors NewTree Capital and Hatch, as well as
Toronto-based startup Viggle AI has raised $26 million CAD ($19 million USD) in a Series A funding round to accelerate the development of its AI-powered video generation platform. The company, known for its ability to create videos from simple text and image prompts, gained significant attention earlier this year when
Montréal-based Mackinnon, Bennett & Company (MKB) has successfully closed $145 million for its third cleantech fund, with significant backing from government entities. The Canada Growth Fund (CGF) led the investment, contributing $50 million, followed by Investissement Québec and CDPQ, each investing $35 million. The Business Development Bank of Canada (BDC)
Miami-based startup Tmrw, founded by the former Knox Custody team, has raised $1.8 million CAD in pre-seed funding to develop a social payment app that uses Bitcoin for cross-border transactions. The company aims to provide a faster and cheaper alternative to traditional remittance services like Western Union, initially focusing on
Montréal-based insurtech startup YouSet has successfully raised $3.5 million CAD in seed funding. The company, which operates a digital insurance marketplace, plans to use this investment to introduce a new product that allows users to bundle insurance policies, making it easier for consumers to manage their coverage.
