Tag: export development canada
Aiming for cash-flow positive in 2024, Virtuo targets North American expansion with 2023 funding
Calgary-based proptech startup raised $3.5 million in seed financing in March. Having secured funding earlier this year, Calgary-based Virtuo is now poised to expand…
Ambyint is repatriating its headquarters to Calgary after three years in Houston
Ambyint CEO says Alberta’s “strong tech ecosystem” fueled the move back to Canada. Ambyint, which provides AI-powered optimization software for the oil and gas…
Recharge Véhicule Électrique raises over $7 million to expand at-home EV charging
RVE’s president says the funding will help free up 4,000 megawatts of power from the grid. Québec-based Recharge Véhicule Électrique (RVE) has received over…
Despite strong 2022 for cleantech, EDC report finds Canada lags peers on R&D spending, funding, converting startups to scaleups
VC investment in Canadian cleantech jumped 63 percent in 2022 despite a tough economy. In the past few years, pandemic lockdowns, geopolitical strife, and…
Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest. Vancouver-based spend management and procurement software startup Procurify has secured more than $68 million…
ZayZoon closes Series B to fuel continued US expansion of earned wage access business |
ZayZoon nabs $34.5 million USD in debt and equity to help workers access a cash-advance alternative to payday loans. Calgary-based FinTech startup ZayZoon has…
Novarc Technologies announces closing of $20 million USD for its AI-powered automated welding robots
Construction-vehicle company Caterpillar’s venture arm joined the round. Vancouver-based Novarc Technologies, which specializes in automated welding equipment using artificial intelligence (AI), announced it has…
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash. Burlington, Ont.-based Tiptap and Laval, Qué.’s…
EDC increases its matching investment maximum from $5 million to $25 million
Since launching in 2020, the EDC Matching Investment Program has made over $390 million in co-investments. Export Development Canada (EDC) is expanding its Investment…
Vive Crop Protection adds $11.2 million CAD extension to Series C to improve efficiency of agricultural chemicals
Vive recently made its fungicide available in Canada to help combat potato crop diseases. Vive Crop Protection has raised $11.2 million CAD ($8.4 million…