The Short Report – November 16, 2022: $43M for Canada’s first lunar rover; Alberta gets advanced diagnostics centre; Vancouver has highest tech job growth; Oceans Protection Plan reports; and more
Organization: Bessemer Venture Partners
The Short Report – October 13, 2021: CIHR launches Indigenous opportunity fund to tackle COVID-19 challenges; a new president for PHAC, Communitech focuses on company scaleups, and more.
A new CIHR-led opportunity fund will provide up to $6 million in support for Indigenous health and well being; PM Trudeau makes changes to the senior ranks of the public service; Communitech announces True North Strategy to bolster revenue of Canadian startups, and more.
The Short Report – June 2, 2021: Cleantech R&D gets a boost, Biden’s 2022 research budget, UBC studies rapid testing kits, and more
Ottawa invests more than $44 million to bolster cleantech R&D innovation, US President Joseph Biden asks for US $13.5 billion increase in federal R&D spending, the University of British Columbia’s COVID-19 rapid testing clinic to be a first in Canada, and more.
$400M to stimulate VC market to support Canadian scale-ups
The Feds on Monday announced details of a new initiative to diversify the venture capital market is it incents the sector to boost its investments in more Canadian companies.
Shopify raises $100 million in Series C financing
Ottawa-based Shopify has raised $100 million in Series C venture capital to expand its offline ecommerce software that allows retailers to develop online sales capability. The financing is led by OMERS Ventures, Toronto and New York City-based Insight Venture Partners. Also participating are Bessemer Venture Partners, FirstMark Capital, Georgian Partners, and Felicis Ventures. Founded in…
Catena Networks completes US$75-million financing
Catena Networks has raised US$75 million in a fourth round of financing to accelerate development and deployment of digital subscriber line (DSL) technology to enable remote provisioning of high-speed voice and data services. The privately held, Redwood CA-based firm conducts its R&D in Ottawa and is aiming to become a major supplier in the broadband…