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Ex-Panache, ScaleUp partners team up to launch new early-stage VC fund CMD Capital

As funding has dried up, David Dufresne and Matt Roberts say they plan to lead and price early-stage rounds. Long-time Canadian technology startup investors…

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Toronto and Waterloo Region venture funding fell short in first quarter of 2023

Toronto’s venture funding dropped 94 percent year-over-year. Venture funding in Toronto and the Waterloo Region had a particularly sluggish start to 2023, with startups…

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Cinchy nabs $19.7 million CAD Series B to make data integrations obsolete
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Cinchy nabs $19.7 million CAD Series B to make data integrations obsolete

Forgepoint-backed Cinchy sees room to grow as firms cut costs. Toronto-based Cinchy helps clients like National Bank, TD, and Colliers International reduce their dependence…

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Penny AI raises $33.9 million CAD Series B to expand direct sales solution

Penny’s platform supports sales consultants in over 60 countries and 25 languages. Vancouver-based SaaS startup Penny AI has raised a $33.9 million CAD ($27…

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Toronto venture funding continued to reach new heights in Q1 2022, but tech valuations may be due for a cooling

Toronto broke another venture funding record in Q1, but what’s going on under the hood? Toronto’s tech sector once again swept venture funding records…

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