Tag: financing
InBC leads $13.5-million financing round for ThoughtExchange
The startup claims its revenues have grown fivefold in the last five years. Rossland, BC-based engagement software startup ThoughtExchange has secured a $13.5-million equity…
FinTech startup Peloton Technologies closes $2 million in seed financing
Victoria-based FinTech startup Peloton Technologies has secured $2 million CAD in seed funding just three weeks after acquiring KIS Payments. A spokesperson for Peloton…
“Cooler financing environment” leads StellarAlgo to restructure and make layoffs
Twenty-one employees laid off could represent nearly one quarter of Calgary startup’s headcount. Calgary-based StellarAlgo has laid off 21 employees as part of a…
Clearco secures new equity financing from existing investors and asset-backed facility as struggling FinTech executes complex recapitalization plan
Inovia, Founders Circle double down on Clearco with debt buyback from SVB, $60-million USD Series D. Toronto-based FinTech startup Clearco has completed a series…
Federal government names six funds to distribute $50 million VCCI life science financing
Pender Ventures, Amplitude Ventures among recipients. The federal government has named six funds that will be responsible for doling out the $50 million slotted…
Down rounds in 2022 lower than expected amid reliance on bridge financing: Osler report
More firms rely on bridge financing to extend cash runway as they aim for later, higher valuations. Despite the market uncertainty that played out…
Nesto raises $80 million CAD in Series C financing
The round was led by Power company IGM Financial. Montréal-based online mortgage lender Nesto has raised $80 million CAD in Series C financing. The…
PolicyMe reveals $18 million in Series A financing to tackle Canadian insurance market
Toronto-based insurtech startup PolicyMe wants to make it easier for Canadians to access not just affordable life insurance, but other types of insurance, online….
QuadFi uses AI to make it easier for Canadian newcomers to obtain financing
The B Corp aims to give immigrants a boost with low-interest loans. Online lender QuadFi said it is using artificial intelligence (AI) to provide…
Triptyq Capital launches fund to fill financing gaps in Québec’s creative economy
Triptyq wants to help in creating 20 startups. Montréal-based Triptyq Capital has launched its debut fund, with provincial government backing, to support tech startups…