BetaKit x Good Future
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MaRS IAF is back, ready to invest in early-stage startups

Plus: BetaKit announces strategic partnership with Good Future. Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important…

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4AG Robotics
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Innovate BC, NRC IRAP invest $2 million into 13 BC cleantech companies

BC Fast Pilot program has invested $9.9 million into 75 projects to date. Thirteen cleantech companies based in British Columbia have received a combined…

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Two years after Graphite Ventures spinout, MaRS IAF is ready to invest again
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Two years after Graphite Ventures spinout, MaRS IAF is ready to invest again

Since its launch in 2008, the Toronto-based MaRS Investment Accelerator Fund (IAF) has grown into one of the country’s most active early-stage venture capital…

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Acton Capital closes $240-million USD Fund VI to invest in tech startups across Canada and Europe
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Acton Capital closes $240-million USD Fund VI to invest in tech startups across Canada and Europe

Acton’s Canadian portfolio has included Chefs Plate, Clio, Knix Wear, Maple, and Mobify. Acton Capital has closed its sixth venture capital (VC) fund, securing…

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Quebec flag
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Federal, Québec governments invest over $7.6 million into quantum telecom testbed

The testbed will allow businesses to experiment with quantum technologies for telecom networks. The federal government and the Government of Québec are jointly investing…

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Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
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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…

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Rogers Cybersecure Catalyst
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Ontario government, Rogers invest $8.8 million for province-wide cybersecurity tech initiative

Canadian Cyber Threat Exchange, TMU’s cybersecurity centre are leading the initiative. The Government of Ontario and Rogers Communications are making a combined $8.8-million investment…

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four staff members from Tribe people of colour pose for a picture at an office with exposed brick walls
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Tribe Network launches $20-million VC fund to invest in early-stage, POC-led businesses

The new fund aims to level the playing field for entrepreneurs facing systemic barriers. Tribe Network is launching Tribe Ventures, a venture capital fund…

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Semiconductor
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BDC, Vanedge invest in semiconductor startup Bonsai Micro to create advanced wireless networks

Bonsai Micro’s co-founders come from notable BC semiconductor company PMC-Sierra. As part of its goal to develop the critical infrastructure technology for next-generation wireless…

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H|T: The Healthtech Times - Healthy profits
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Well Health looks to invest $2.5 million into AI companies developing healthcare solutions

Well aims to make at least 10 investments of at least $250,000 each. Well Ventures, the investment arm of Canadian healthtech company Well…

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