The BetaKit Quiz, Oct. 25, 2024
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Québecʼs tech ecosystem is now valued close to $95 billion CAD. Here’s who’s likely to hire soon
Québec’s tech sector might be young compared to its global counterparts, but according to a new report, the province is starting to grow up. According to Dealroom’s report, the province’s tech industry is now valued close to $95 billion CAD. The province ranks fourth in terms of ecosystem growth since 2019, trailing the Bay Area. […]
Montréal healthtech startup with transatlantic ties raises $43 million CAD for RNA-based cancer immunotherapies
Montréal and UK-based startup Epitopea has raised $31 million USD ($43 million CAD) in what it called pre-Series A funding for the research and rollout of their cancer immunotherapies for hard-to-treat tumours. Epitopea plans to bring their flagship RNA immunotherapies into the clinic by 2026. New investors Investissement Québec (IQ), adMare BioInnovations, and Jonathan Milner […]
Panache Ventures partner Chris Neumann to depart VC firm, Sarah Willson promoted to principal
Vancouver-based Panache Ventures partner Chris Neumann plans to depart the early-stage Canadian venture capital (VC) firm at the end of 2024 to explore new opportunities. Neumann joined the Montréal-headquartered VC firm in Sept. 2021, and has spearheaded Panache’s investment efforts in British Columbia (BC). His departure will leave Panache with three remaining partners: Patrick Lor […]
CABHI and EnvisAGE unveil funding programs for Canadian AgeTech startups
Two Canadian AgeTech organizations announced new funding commitments and programs for startups this week. Application windows for both programs close on Dec. 2, 2024. Healthtech industry groups MEDTEQ+ and AGE-WELL unveiled the first 16 startups supported by EnvisAGE, a non-profit organization co-led by the two firms aimed at supporting Canada’s AgeTech sector. Meanwhile, the Centre for […]
Parachute closes $1.5 million to help struggling Canadians improve their financial health
At 23 years old, Bruce Hodges was given poor financial advice to declare personal bankruptcy. Hodges has since recovered and built a career serving in C-suite roles at major financial institutions like Foresters Financial, Generali, NN, Sun Life Financial, and Manulife, but that fateful decision has stayed with him. “I have followed this space since […]
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 […]
Moment Energy secures $28.1 million CAD from US Department of Energy to establish gigafactory in Texas
Port Coquitlam, BC-based startup Moment Energy has been awarded $28.1 million CAD ($20.3 million USD) by the United States Department of Energy (DOE) to establish a new gigafactory in Taylor, Texas. A gigafactory refers to a facility designed for the production of batteries, particularly those used in electric vehicles (EVs). According to a statement from […]
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, […]