The TSX Venture Exchange (TSXV) has released the Kraken alongside the 2025 TSX Venture 50, the list highlighting the 50 best-performing companies on the stock exchange last year. The Venture 50 methodology has changed slightly from previous years. It previously ranked companies on five separate sector-specific top-10 lists in technology, cleantech and life sciences, diversified…
Vancouver-based biotech startup Reverb Therapeutics has closed a $12-million USD ($17-million CAD) seed round to harness the power of the immune system against disease. The all-equity round was led by founding investor Amplitude Ventures, with participation from the Myeloma Investment Fund, KdT Ventures, Finchley Healthcare Ventures, InBC, and newly-Canadian venture capital firm Seido Capital. Amplitude…
American private equity (PE) firm Primus Capital has acquired a majority stake in Calgary’s Reach, which helps e-commerce and software-as-a-service (SaaS) companies sell globally. Reach founder and CEO Sam Ranieri confirmed to BetaKit that the transaction was a majority recapitalization, but declined to share how much Primus invested in the FinTech startup or at what…
Former Toronto Raptors power forward Pascal Siakam has joined forces with Toronto Metropolitan University’s technology incubator DMZ to jump-start a new accelerator for early-stage EdTech startups. Applications are open until Tues. Mar. 11. Founded by PS43 (Siakam’s not-for-profit foundation) and DMZ, the Siakam EdTech Engine is a 12-week virtual accelerator for companies across Canada and…
Canadian e-commerce giant Shopify has renewed and expanded its exclusivity agreement with San Francisco-based buy now, pay later (BNPL) tech company Affirm to bring its once United States (US)-restricted partnership to Canada and beyond. The renewed multi-year partnership maintains Affirm as the exclusive BNPL provider for Shop Pay Installments in the US, as well as…
Canada’s latest tech hub officially opened in the smallest province last night with more than $1.5 million in federal and provincial funding. Located on Great George Street in downtown Charlottetown, PEI, The Foundry is operated by the PEI IT Alliance, an industry association formed in 2022 to represent and develop the province’s information technology sector….
The Canadian government has announced $8.1-million in financial support to power Sherbrooke, Que.’s quantum sector across one startup and three innovation partners. The financial support is being funnelled through the Canadian Economic Development for Quebec Regions (CED) to help domestic startups and non-profit organizations develop quantum technology and bring it to market. Nord Quantique is…
What happens when Canadian tech minds receive an assignment to solve problems for teachers? A snowstorm may have dumped over 25 cm of snow on Toronto last week, but it didn’t stop more than 250 people from making their way to Koru’s fifth anniversary and hackathon, which was focused on solving challenges identified by some…
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The federal government has revealed 12 more non-profit organizations selected to receive a total of $2.8 million through Canada’s 2SLGBTQI+ Entrepreneurship Program Ecosystem Fund. The $8-million ecosystem fund is part of a $25-million federal program that was first revealed in June 2023 with the aim of offering dedicated support to Canadian entrepreneurs who identify as…