Technology Technology

TandemLaunch Technologies Inc. in its closing of $37-million fund

On February 27, 2025, Tandem Launch Technologies Inc. announced it closed its fourth fund for early-stage deep technology startup at over $37 million. This funding had participation from the Government of Canada’s Venture Capital Catalyst Initiative (VCCI), committing $6.5 million. The fund also...

Lead Office: Toronto Date Announced: February 27, 2025 Value: $37 million

Venn (formerly Vault) in its $21.5-million Series A financing

On February 26, 2025, Venn (formerly Vault) announced the successful completion of its $21.5-million Series A financing round led by Left Lane Capital with participation from XYZ Venture Capital, Intact Ventures and Gradient. Venn plans to use the funding to scale its team and expand its product...

Lead Office: Vancouver Date Announced: February 26, 2025 Value: $21.5 million

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

StructureFlow in its acquisition of Blue J Diagramming

On February 18, 2025, StructureFlow announced its acquisition of the Blue J Diagramming platform from Blue J Legal. Following this acquisition, Blue J Diagramming customers will be migrated to StructureFlow, which is part of a greater strategic shift to leverage its generative AI solution for tax...

Lead Office: Toronto Date Announced: February 18, 2025 Value: --

Reach in its strategic investment by Primus Capital

On February 10, 2025, Reach announced a strategic investment by Primus Capital into the business. This investment will allow for Reach to accelerate its operations and offerings for retail and SaaS businesses globally. Reach is a leading global Merchant of Record (MoR) solution. Osler,...

Lead Office: Calgary Date Announced: February 10, 2025 Value: --

Agnostiq Inc. in its acquisition by DataRobot

On February 10, 2025, DataRobot announced that it acquired Agnostiq. Through this acquisition, the company plans to advance its agentic AI application with compute orchestration and optimization. Agnostiq develops software to make quantum and high-performance computing resources easily...

Lead Office: Toronto Date Announced: February 10, 2025 Value: --

Purolator in its acquisition of Livingston International

On February 4, 2025, Purolator announced the completion of its acquisition of Livingston International, an international trade services firm that is one of the largest customs brokers in North America and also specializes in global freight forwarding and trade consulting, from Platinum...

Lead Office: Toronto Date Closed: 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