Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A
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Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A

BDC Capital’s Thrive Venture Fund joined to lead the extension. Congruence Therapeutics has secured an additional $20 million CAD ($15 million USD) for its…

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AAVAA closes $2 million CAD to develop smart listening device
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AAVAA closes $2 million CAD to develop smart listening device

Montréal-based startup AAVAA Technologies has secured a $2 million CAD pre-seed funding round to continue developing its personal audio enhancement technology. The financing came…

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NorthStar Earth Space
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NorthStar raises $35 million Series C round for expected satellite launch in mid-2023

The Montréal startup provides monitoring solutions for all near-Earth orbits from space. Montréal-based startup NorthStar Earth & Space, which develops navigation and tracking solutions…

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Perceiv AI raises $1.5 million to better predict the progression of diseases
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Perceiv AI raises $1.5 million to better predict the progression of diseases

Startup’s platform initially focused on improving outcomes for Alzheimer’s patients. Perceiv AI has closed $1.5 million that will enable the healthtech startup to expand…

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Voilà! closes $13.75 million Series A to help combat labour shortages across Canada, United States
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Voilà! closes $13.75 million Series A to help combat labour shortages across Canada, United States

Voilà! claims it can drop absenteeism by 35 percent. Workforce optimization cloud platform Voilà! has raised $13.75 million CAD this month in a Series…

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Workflow SaaS integrator Unito raises $20 million to build more integrations
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Workflow SaaS integrator Unito raises $20 million to build more integrations

Unito wants to break into more SaaS categories, starting with support tools. Montréal-based Unito, which offers a workflow management software, has announced the closing…

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Idealist Capital secures $250 million initial close for new climate impact fund

The fund is led by Québec business leaders with ties to Power Corp and Bombardier. New climate impact fund Idealist Capital has secured a…

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Panache closes $100 million for second fund as firm doubles down on seed-stage startups
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Panache closes $100 million for second fund as firm doubles down on seed-stage startups

Early-stage firm says there’s a “good possibility” Fund II will grow. Panache Ventures, one of Canada’s most active early-stage investors, has doubled up for…

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AlayaCare lays off 14 percent of employees, slows M&A plans
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AlayaCare lays off 14 percent of employees, slows M&A plans

AlayaCare’s CEO said startup’s revenue growth has not followed its “aggressive investment.” AlayaCare has laid off 80 employees, BetaKit has learned, joining a growing…

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Stradigi.ai vows to continue despite laying off more than two-thirds of its staff
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Stradigi.ai vows to continue despite laying off more than two-thirds of its staff

Musician will.i.am is among the investors in the Québec AI startup. Despite laying off more than two-thirds of its workforce, Stradigi.ai is still a…

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