Tag: the51
BDC’s Thrive Lab announces 25 co-investment partners
$35 million envelope will target women-led businesses aligned with United Nations Sustainable Development Goals. The Business Development Bank of Canada’s (BDC) Thrive Lab is…
Federal government announces first VCCI inclusive growth stream VC fund recipients
BKR Capital, District Ventures Capital, Ripple Ventures, Sandpiper Ventures, The51 receive portion of $25 million. The Government of Canada is investing up to $25…
Monark closes $1.5 million led by Storytime Capital to modernize leadership development
Former leadership-development consultants aim to engage leaders earlier and more continuously with tech. Led by a pair of organizational psychologists with more than a…
Inovia announces $34-million CAD Discovery Fund for early-stage VCs BetaKit
Fund formalizes Inovia’s support for emerging managers as many struggle to fundraise. Montréal-based Inovia Capital has launched its first Discovery Fund, closing $34 million…
Alberta IoT, Movement51 among recipients of Alberta Innovates’ cumulative $13.6-million investment
University of Alberta secured $4.25 million across three projects. Provincial funding agency Alberta Innovates is making a collective $13.6-million investment into 19 projects meant…
Protein Industries Canada offers $10 million to help grow AI use in food sector
AI is being applied to the plant-based food industry’s efforts to satisfy ever-changing consumer demands. If it seems like artificial intelligence (AI) is in…
Kibbi, a job-finding app for newcomers created by a newcomer, raises $1.1 million CAD
Kibbi partners with employment and settlement agencies, and claims 6,000 job seekers as users. The way Hong Phuc Nguyen tells it, she was raised…
Canadian startup news of the week (4/30/23)
Plus: OneEleven reborn, Neo Financial embedded, Pillar & Billi ended. Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s…
The51 closes $30 million of targeted $50-million Food and AgTech Fund
LPs include Farm Credit Canada, Alberta Enterprise Corporation, and National Bank of Canada. The51’s Food and AgTech Fund has closed $30 million of a…
Mercator AI raises $5.1 million CAD as it develops early project detection tool for construction
Mercator helps business developers find leads in construction projects faster using AI. Calgary-based proptech startup Mercator AI has raised $5.1 million CAD ($3.75 million…