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LeddarTech’s Nasdaq listing in jeopardy as stock falls below $1-USD minimum
06/08/2024

LeddarTech’s Nasdaq listing in jeopardy as stock falls below $1-USD minimum

LeddarTech has received warnings from the Nasdaq, including one indicating its share price has fallen below the $1 USD minimum required to maintain its listing.

Interior design project management platform Mydoma Studio acquired by Studio Designer.
01/08/2024

Interior design project management platform Mydoma Studio acquired by Studio Designer.

Studio Designer said the two companies will support nearly 20,000 interior designers across the United States and Canada.

Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility.
31/07/2024

Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility.

UgoWork said it might raise additional capital, but declined to disclose further details.

Justice Department involved following Invest Nova Scotia employee email scam.
31/07/2024

Justice Department involved following Invest Nova Scotia employee email scam.

Phisher impersonating Sandpiper Ventures received $573,000.

VitalHub agrees to acquire   firm MedCurrent for up to $34 million.
30/07/2024

VitalHub agrees to acquire firm MedCurrent for up to $34 million.

The total transaction value is dependent on annual performance over 36 months.

Ottawa announces second tranche of   funding to support underrepresented entrepreneurs.
30/07/2024

Ottawa announces second tranche of funding to support underrepresented entrepreneurs.

The federal government doled out the second $25-million tranche of its inclusive growth stream commitment to five Canadian VC fund managers as part of VCCI.

VoPay International Inc., Flinks, and Payfare have been tapped to power   offerings for tech giants, credit union.
29/07/2024

VoPay International Inc., Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.

VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.

Arcadea Group secures $336 million CAD to acquire vertical   companies.
29/07/2024

Arcadea Group secures $336 million CAD to acquire vertical companies.

Capital injection brings the firm's war chest up to $690 million CAD.

Former McMaster University researchers announce $2 million to bring Afynia Laboratories endometriosis test to market.
29/07/2024

Former McMaster University researchers announce $2 million to bring Afynia Laboratories endometriosis test to market.

Led by two former McMaster University research scientists with experience in women’s health, Hamilton-based Afynia Laboratories has set out to improve how endometriosis is diagnosed.

Why Clio - Cloud-Based Legal Technology didn’t IPO. Plus, The largest Series A raised by a Black female founder in Canad...
29/07/2024

Why Clio - Cloud-Based Legal Technology didn’t IPO. Plus, The largest Series A raised by a Black female founder in Canada.

Plus: The largest Series A raised by a Black female founder in Canada.

Xanadu and CMC among partners in academic   projects receiving $7.4 million in federal grant funding.
26/07/2024

Xanadu and CMC among partners in academic projects receiving $7.4 million in federal grant funding.

INRS has three projects receiving funding from NSERC.

RetiSpec secures $13.8 million Series A to detect Alzheimer's early through   retinal imaging.
26/07/2024

RetiSpec secures $13.8 million Series A to detect Alzheimer's early through retinal imaging.

The round brings in Eli Lilly and Topcon Healthcare as strategic investors.

Airwallex continues Canadian expansion with Float partnership.
26/07/2024

Airwallex continues Canadian expansion with Float partnership.

Australian-founded, Singapore-headquartered FinTech firm Airwallex has partnered with Toronto-based Float.

Exclusive: Nascent Toronto-based   user research startup Cycle has been acquired by US blockchain platform Crossmint.
25/07/2024

Exclusive: Nascent Toronto-based user research startup Cycle has been acquired by US blockchain platform Crossmint.

Less than six months after its launch, Toronto user research startup Cycle AI has been purchased by Miami-based enterprise blockchain platform Crossmint.

Toronto-based generative   startup Cohere lays off five percent of staff a day after announcing $500-million USD Series ...
24/07/2024

Toronto-based generative startup Cohere lays off five percent of staff a day after announcing $500-million USD Series D.

Shortly after announcing $500 million USD in Series D funding, Toronto-based generative AI startup Cohere has laid off approximately five percent of its employees.

BC's Centre for Innovation & Clean Energy invests $7.6 million across nine   companies following call for innovation.
24/07/2024

BC's Centre for Innovation & Clean Energy invests $7.6 million across nine companies following call for innovation.

Companies tackle energy storage, carbon management, alternative fuels, and low-carbon hydrogen.

Y Combinator grad Gumloop secures $3.1 million in seed funding to grow no-code   automation tool.
24/07/2024

Y Combinator grad Gumloop secures $3.1 million in seed funding to grow no-code automation tool.

Backers include Y Combinator and founders from Instacart, Dropbox, and WePay.

California-based Agilent Technologies agrees to buy PEI’s BioVectra Inc. for $1.3 billion CAD.
24/07/2024

California-based Agilent Technologies agrees to buy PEI’s BioVectra Inc. for $1.3 billion CAD.

Biovectra was named by Communitech to likely reach $1 billion in annual revenue.

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