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Planetary Technologies secures $15.8-million CAD Series A to alkalize the oceans and fight climate change

Halifax-based ocean tech startup Planetary Technologies has closed $11.4 million USD ($15.8 million CAD) in Series A funding to fuel its efforts to fight climate change by alkalizing the ocean.  The all-equity, all-primary round was led by cleantech-focused venture firm Evok Innovations, with participation from BDC Capital, Amplify Capital, DNX Ventures, and Iconiq Capital. This latest […]

Applications open for federal SMB programs aimed at AI adoption

The federal government has announced the launch of two programs, meant to bolster the development and adoption of artificial intelligence (AI) by small-and-medium-sized businesses (SMB), this week. The government has officially closed its public consultation on AI computing infrastructure.  The programs look to dispense a total of $300 million to support the development and adoption […]

Plooto appoints John McLane as new CEO

Following previously unreported layoffs and significant leadership changes, including the departure of co-founder Hamed Abbasi, Toronto-based payments scaleup Plooto has found its next permanent CEO in John McLane. McLane most recently served as COO of Americas at Swedish FinTech firm Trustly. He brings over 20 years of experience in enterprise software across private equity, finance, […]

Jane App, Daanaa headline 2024 BC Tech Impact Awards winners

The BC Tech Association unveiled the nine winners of its 31st annual Technology Impact Awards (TIAs) last night. “The fact we have these opportunities in BC is something I feel very grateful for.” Alexandra KutilinDaanaa The awards recognize companies and individuals who have made a significant impact on BC’s tech industry, with four Companies of […]

Spark Real Estate acquires Juniper Homeowner Care to expand home developer CRM offering

Spark Real Estate Software has acquired fellow Vancouver-based startup Juniper Homeowner Care for an undisclosed amount as it looks to expand its offerings beyond home sales and marketing.  Spark offers customer relationship management (CRM) software with digital sales, marketing, and inventory management solutions for home developers and project marketing firms working on pre-construction residential projects. […]

Jane App co-founder reveals company’s centaur status at BetaKit Town Hall: Vancouver

At the BetaKit Town Hall: Vancouver last night, Alison Taylor, co-founder of clinic management software company Jane App, revealed that her company has achieved $100 million in annual recurring revenue (ARR). As opposed to a unicorn valuation, “centaur” refers to private SaaS companies that reach the nine-figure revenue milestone. The term was first coined by […]

Brightspark closes latest early-stage VC fund at $100 million, appoints new BC partner

Montréal-based venture capital (VC) firm Brightspark Ventures has closed its latest fund for early-stage Canadian technology startups with over $100 million CAD in total commitments and added a new partner in Vancouver to capture more British Columbia (BC) deal flow. Brightspark, which launched Brightspark Canadian Opportunities Fund II (BCOF II) in May 2023 with $60 […]

Kraken Robotics raises $51.75 million CAD through bought deal public offering

St. John’s, Nfld.-based marine technology company Kraken Robotics has raised $51.75 million CAD through a bought deal public offering  Kraken’s stock price has risen by more than 215 percent since October 2023.  Toronto-based investment bank Cormark Securities served as lead underwriter of the offering on behalf of Canaccord Genuity, Beacon Securities, Raymond James, and Scotia […]