Union representing Canadian Paper tutors threatens legal action following mass layoffs
The Québec branch (SEPB-Québec) of the Canadian Office and Professional Employees Union (COPE) has released a statement threatening legal action following the mass termination of Paper’s Canadian tutors last month. “Paper may fiddle around by claiming to be experiencing financial difficulties, but we are not fooled.” SEPB-Québec executive director Pierrick Choinière-Lapointe Earlier this year, COPE […]
Amplitude Ventures, Gates Foundation lead Radiant Biotherapeutics’ $35-million USD Series A
Toronto and Philadelphia-based preclinical biotechnology startup Radiant Biotherapeutics has secured $35 million USD in Series A funding to fuel the advance of its therapeutic candidates. Based on foundational science from Toronto’s Hospital for Sick Children (SickKids) and the University of Toronto (U of T), Radiant is developing an antibody platform, Multabody, designed to deliver new […]
Beacon launches remittance solution to help Canadian newcomers receive money from India
Toronto and Montréal-based FinTech startup Beacon has launched its first financial product, a remittance tool designed to help newcomers to Canada receive money from India. The startup, which emerged from stealth in May, plans to eventually build a “super app” specifically for immigrants in Canada. “Our mission is to empower immigrants by removing the traditional […]
Saskatchewan tech sector employment doubled over four-year period: report
A new Innovation Saskatchewan report shows the province is set to exceed its growth goal to triple employment in the tech sector by 2030. According to data shared Tuesday at a press conference held by the government innovation agency in Saskatoon, employment in the province’s tech sector has grown nearly 109 percent to 5,489 workers […]
NPower Canada bags $4 million to prime underrepresented youth for the tech sector
The Government of British Columbia is investing $4 million into tech training charity NPower Canada to expand the Canadian Tech Talent Accelerator (CTTA), a program aimed at upskilling youth who are underrepresented in the tech sector. The CTTA, launched in 2021, is run through a partnership facilitated by Digital, one of Canada’s innovation clusters. The […]
Transit platform Spare raises $42 million Series B led by Inovia
Vancouver-based transit software startup Spare has secured a $42 million Series B round as it looks to carve out a place in the paratransit sector. Spare is currently present in more than 200 cities across North America, Europe, and Asia. The round was led by return investor Inovia Capital with participation from other returning investors, […]
US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount
Vancouver-based seed-stage startup Teal has been acquired by US-based FinTech firm Mercury for an undisclosed amount, the latter announced in a statement Friday. The acquisition comes mere months after the accounting tech startup announced it had raised an $11 million CAD ($8 million USD) seed round. Teal was founded last year by CEO Ian Crosby […]
AI is learning fast, are we?
At St. Michael’s Hospital in Toronto, healthcare professionals will soon use AI-powered tools to identify patients at the highest risk of being admitted to the ICU. In radiation oncology, researchers are leveraging AI to accelerate treatment planning, promising faster, more precise care. “The only way we will achieve scale is by training more trainers.” You […]
Terramera spinout Catalera secures $8.8 million CAD in first Series A tranche
Vancouver-based Catalera BioSolutions, which develops biological pesticides for agricultural use, has secured $8.8 million CAD ($6.5 million USD) in Series A funding. The all-equity round was led by Chicago-based agtech investor S2G Ventures, with participation from crown corporation Farm Credit Canada (FCC) Capital. Catalera expects to close a second tranche that could bring the round […]
“Gordon Ramsay doesn’t want to flip burgers”: Rundle Partners acquires photography startup Iris Booth as founder prepares to step back
Toronto investment firm Rundle Partners has purchased a controlling stake in Halifax-based photography technology startup Iris Booth as the latter’s founder prepares to step back. Both companies declined to disclose the financial terms of the deal, which closed last month and marks Rundle’s first acquisition to date. Rundle managing partner Ian Black described Iris Booth, […]