Venture Capital Venture Capital

Variational AI in its US$5.5-million Seed extension financing

On February 20, 2025, Variational AI announced the successful completion of its US$5.5-million seed extension financing round led by Nimbus Synergies, with participation from Merck Global Health Innovation Fund, Quimby Investments, Threshold Impact and Defined Capital. Existing investors Flying...

Lead Office: Vancouver Date Announced: February 20, 2025 Value: US$5.5 million

Intrepid Growth Partners in connection with its investment in StackAdapt

On February 4, 2025, Teachers’ Venture Growth announced it led an all-equity round in StackAdapt that values the company at approximately US$2.5 billion. This round had participation from Intrepid Growth Partners and other undisclosed investors. Teachers’ Venture Growth is a late-stage...

Lead Office: Toronto Date Announced: February 4, 2025 Value: --

Emmertech in connection with Rayhawk Technologies’ $3 million Seed funding round

On January 30, 2025, Rayhawk Technologies announced the successful raise of $3 million in a Seed funding round led by Emmertech. Rayhawk plans to use the funding to double down on commercialization of its railcar technology, with a focus on grain terminals, food processing plants, port facilities...

Lead Office: Vancouver Date Announced: January 30, 2025 Value: $3 million

OneVest in its securing of $29 million of Series B funding

On January 29, 2025, OneVest announced that it secured $29 million in Series B financing in an all-equity round led by Salesforce Ventures. The round also had participation from Allianz Life Ventures, TIAA Ventures, Deloitte Ventures, OMERS Ventures, Luge Capital, Fin Capital and Pivot Investment...

Lead Office: Toronto Date Announced: January 29, 2025 Value: $29 million

Boardy AI raises $8-million seed round

On January 14, 2025, Boardy AI announced it raised $8 million in a Seed financing round. This round was led by Creandum. The company also recently closed a pre-seed financing round. Boardy AI is an innovative artificial intelligence start-up. Osler, Hoskin & Harcourt LLP advised Boardy...

Lead Office: Toronto Date Announced: January 14, 2025 Value: $8 million

Aspect Biosystems in its $115-million Series B funding round

On January 8, 2025, Aspect Biosystems announced the closing of its $115-million Series B funding round led by Dimension, with participation from existing and new investors including Novo Nordisk, Radical Ventures, an undisclosed leading global investment firm, InBC, Pallasite Ventures, Pangaea...

Lead Office: Vancouver Date Announced: January 8, 2025 Value: $115 million

Portage Capital in connection with Valsoft Corporation raising of US$150 million

On January 3, 2025, Valsoft Corporation announced its raising of $US150 million in a growth equity round that was led by Portage Capital. The round also saw participation from Propelr Growth and Viking Global. Valsoft plans to utilize the funding toward expanding its portfolio and launching new...

Lead Office: Montreal Date Announced: January 3, 2025 Value: US$150 million

Starboard in its US$5.5-million Seed financing

On December 20, 2024, Starbord Systems announced the closing of its US$5.5-million Seed financing led by Eclipse, with participation from existing investors Garuda Ventures and Everywhere Ventures. The new funding will be used to fuel Starboard’s mission in creating the default digital...

Lead Office: Toronto Date Announced: December 20, 2024 Value: US$5.5 million

Cadstrom in its securing of $6.8 million Seed funding

On December 19, 2024, Cadstrom announced that is raised $6.8 million in Seed funding in a round led by Bison Ventures. This round also saw participation from Innovation Endeavors and AI2 Incubator. Cadstrom is an AI expert system that assists electrical engineers with designing electronic...

Lead Office: Toronto Date Announced: December 19, 2024 Value: $6.8 million

Deep Sky in its securing of US$40-million grant from Breakthrough Energy Catalyst

On December 18, 2024, Deep Sky announced it secured a US$40-million grant from Breakthrough Energy Catalyst. These funds will be utilized towards research and testing of direct air capture technologies. It is noted that this is Breakthrough Energy Catalyst's first-ever investment in both a...

Lead Office: Montreal Date Announced: December 18, 2024 Value: US$40 million