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BCV leads second round in Relay Financial, as SMB-focused FinTech closes $44-million CAD Series B

Toronto-based FinTech startup Relay Financial has secured approximately $44 million CAD ($32.2 million USD) in Series B funding led by existing investor Bain Capital Ventures…

Accelerate Fund III backs Care Group as it looks to expand mental healthcare platform into new markets

The Edmonton-based Care Group of Companies, which offers various healthtech solutions, has closed a $2-million CAD round with participation from Alberta’s Accelerate Fund III, which…

A|I: The AI Times – OpenAI’s “whether you like it or not” philosophy

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want…

Clarius Mobile Health partners with Novartis to deploy ultrasound scanners to Canadian rheumatologists

Vancouver-based healthtech startup Clarius Mobile Health has partnered with the Canadian division of Swiss pharmaceutical company Novartis to deploy its handheld ultrasound device to Canadian…

Amplitude Ventures closes $263 million for second precision medicine VC fund

Montréal-headquartered investment firm Amplitude Ventures, which focuses on the health and life sciences sectors, has closed $263 million for its second precision medicine venture fund. …

Riot Platforms publicly discloses rejected $950-million USD proposal to acquire Bitfarms

Colorado-based Riot Platforms has disclosed a proposal it made to acquire fellow Bitcoin mining company, Toronto-based Bitfarms, for $950 million USD. According to a statement…

S|W: The SaaS Weekly – Newfoundland’s CoLab to go on hiring spree with Series B funding

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe. Subscribe to S|W using this form to ensure you…

Ecosystem Spotlight: Alberta tech is striking gold

Less than a decade ago, Alberta’s global reputation had little to do with its tech ecosystem. But according to Joe Timlin, Managing Director at CIBC…

Fading 2023 VC performance underscores Canadian tech market’s “vulnerability,” BDC reports

Last year marked a “repeat year of recalibration” for Canada’s venture capital (VC) market as the industry continues to normalize following a record 2021, according…

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