Paper co-founder Roberto Cipriani steps down from day-to-day role
Paper co-founder, CTO, and COO Roberto Cipriani has stepped down from his day-to-day role at the Montréal-based EdTech company, BetaKit has learned. Cipriani announced the leadership change in an internal email sent out to employees today, obtained by BetaKit. In the email, which BetaKit confirmed with Paper and Cipriani, the outgoing executive said he would […]
Teralys Capital says it “should” hit $570-million fund-of-funds target by end of year
Teralys Capital has secured the largest amount ever raised for a fund-of-funds backed by the federal government’s Venture Capital Catalyst Initiative (VCCI), but the firm has yet to hit its hard cap. The Montréal-based fund manager officially announced this week that it has raised $475 million CAD for its VCCI-backed fund, which is notably also […]
Motion closes $30-million USD Series B in bid to become “command centre for creative strategists”
Toronto-based advertising technology startup Motion, which sells analytics and research tools for creative strategists, has secured $30 million USD in Series B funding. Founded in 2021 by a trio of Hubba and Shoelace alumni in CEO Reza Khadjavi, CTO Alexander Sloan, and head of finance David Berglas, Motion aims to become the platform that helps […]
Fears of repeating Web 2.0’s mistakes permeate AI-focused Competition Summit 2024
The spectre of Bill C-27 hung over the Competition Bureau’s AI-focused summit, where international watchdogs warned against repeating Web 2.0 era mistakes. “We probably need to be making more efforts than we’re making to sync-up the approach around the world.” Matthew BoswellCommissioner, Competition Bureau Canada The annual event brought together academics, business leaders, and regulators to […]
Five unmissable highlights of this year’s Elevate Festival
From October 1 to 3, Elevate Festival will take over Toronto for its seventh year, convening some of the biggest founders, tech giants, global investors, and policymakers. Since launching in 2017, Elevate has grown to become a cornerstone event for Canada’s tech and innovation sector, showcasing Canadian ingenuity and exploring what’s next for the ecosystem. […]
Nomic Bio secures $42 million Series B to expand startup’s protein mapping platform
Montréal-based Nomic Bio has secured a $42 million Series B round to bolster the expansion of its protein profiling platform. The round was led by an undisclosed United States (US)-based life-sciences-focused investor with participation from Amplitude Ventures, Avant Bio, Lux Capital, Real Ventures, and SR One. Nomic said the capital will be used to accelerate […]
Mosaic to scale homegrown 3D printing infrastructure with $28 million CAD of equity growth funding
Mosaic Manufacturing Ltd. announced Wednesday it received $28 million CAD in growth financing to help it produce more of its 3D printers that are built in Canada. Montréal’s Idealist Capital led the all-equity round, which closed in June, with follow-on investment from previous investor Freycinet Ventures based in Toronto. As part of the funding, Idealist’s […]
Okanagan tech sector generated just under $5 billion of economic impact in 2023
The Okanagan tech sector in British Columbia is delivering an outsized economic punch relative to its population size, according to a new report from tech accelerator Accelerate Okanagan. Although the Okanagan accounts for less than 10 percent of BC’s population, the report revealed that its tech sector contributed an impressive $4.98 billion to the economy […]
Federal government’s massive $2 billion CAD loan to Telesat sparks Elon Musk debate between ministers
The federal government’s recent commitment to a homegrown satellite communications company has kicked off a conversation about government spending, national sovereignty, and Elon Musk. Ottawa-based satellite company Telesat secured a $2.14-billion CAD loan from the Canadian government and a $400 million loan from the Québec government last week. The combined financial boost totalling $2.54 billion […]
AI startups dominate latest Google for Startups Accelerator’s Canadian cohort
Google has revealed the 14 startups joining the 2024 cohort of its Canadian accelerator program, and artificial intelligence (AI) is front and centre in this year’s lineup of participants. Now in its fifth year, the Canadian iteration of the Google for Startups Accelerator offers startups a mix of remote and in-person learning over 10 weeks. […]