YouSet founders
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Home and auto insurance marketplace YouSet raises $2.1 million, launches in Ontario

The Montréal startup plants its feet in Ontario in preparation for a nationwide launch. Montréal-based insurance marketplace YouSet has secured $2.1 million in pre-seed…

Continue Reading... Home and auto insurance marketplace YouSet raises $2.1 million, launches in Ontario
Canvass AI
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Canvass Analytics secures $3.3 million USD top-up for Series A round

Yamaha Motor Ventures backs Canvass again after its initial investment in 2020. Toronto industrial AI startup Canvass Analytics has raised $3.3 million USD in…

Continue Reading... Canvass Analytics secures $3.3 million USD top-up for Series A round
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Lucid closes $3 million to turn music into medicine for Alzheimer’s patients

Born out of co-founder’s mental health challenges and love of music, Lucid aims to offer “a better way to care.” By combining artificial intelligence…

Continue Reading... Lucid closes $3 million to turn music into medicine for Alzheimer’s patients
Muse
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Interaxon secures $9.5 million USD to roll out subscription model for brain sensing headband, Muse

The subscription program is set to launch in Q1 next year. Toronto-based neurotechnology startup Interaxon has closed a $12.1 million CAD ($9.5 million USD)…

Continue Reading... Interaxon secures $9.5 million USD to roll out subscription model for brain sensing headband, Muse
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Bootstrapped since 2008, Evidence Partners closes $20 million to tackle automated literature review market

Evidence Partners caters to more than 60% of the world’s largest pharma, medical device companies. Nearly 15 years after its formation, Kanata-based research software…

Continue Reading... Bootstrapped since 2008, Evidence Partners closes $20 million to tackle automated literature review market
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With a new team, Framework Venture Partners secures $100 million USD first close for second fund

Barbara Dirks, Jim Texier, Mike Dobbins join for Fund II, target $250M final close. Framework Venture Partners is on to its second fund having…

Continue Reading... With a new team, Framework Venture Partners secures $100 million USD first close for second fund
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Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools

Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver. Toronto-based proptech startup Properly has raised…

Continue Reading... Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
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Kirk Simpson, Peter Carrescia team up to raise $6.5 million CAD with an idea to disrupt the digital identity space

OMERS, Wittington, and Round13 have all backed Qui Identity. “I know I don’t do well with idle time.” Kirk Simpson is just one month…

Continue Reading... Kirk Simpson, Peter Carrescia team up to raise $6.5 million CAD with an idea to disrupt the digital identity space
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Sandpiper Ventures closes $20 million first fund focused on early-stage, women-led tech startups

Sandpiper sees “huge … and untapped opportunity” to back more women entrepreneurs amid market downturn. Halifax-based Sandpiper Ventures has completed the final close for…

Continue Reading... Sandpiper Ventures closes $20 million first fund focused on early-stage, women-led tech startups
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FreshBooks secures $100 million USD debt facility from BMO, J.P. Morgan

With fresh funds, FreshBooks wants to continue global expansion, strategic acquisitions. Toronto-based accounting SaaS startup FreshBooks has secured a $100 million USD syndicated debt…

Continue Reading... FreshBooks secures $100 million USD debt facility from BMO, J.P. Morgan