Ontario Innovation
31.9K posts
@OntInnovation
An official account of the Ontario Ministry of Economic Development, Job Creation and Trade. Terms of use: https://t.co/Gmca68sPSs. En français : @ontinnove
.@ElevateTechCA CEO @LisaZarzeczny said @Wealthsimple was chosen partly for its commitment to bringing sophisticated financial tools to the masses through technology. betakit.com/wealthsimple-n…
.@Cohere reportedly soars past revenue target with $240-million USD in annual recurring revenue. #CDNtech betakit.com/cohere-reporte…
After seven years of bootstrapping, telemedicine platform Science&Humans has turned to #VC, raising $10 million as patients increasingly seek treatment for things like weight management, hair growth, and sexual health. betakit.com/sciencehumans-…
.@portageinvest is expanding its investment strategy with an agreement to oversee the #FinTech assets of American #VC firm @p72vc, which is backed by @GoldmanSachs and @StevenACohen2. betakit.com/portage-strike…
With the successful launch, @KeplerComms is now the first company in the world to deploy a low-earth orbit satellite system based on an optical relay network, beating out similar projects from big names like @amazon and @Starlink. betakit.com/kepler-makes-h…
Cleantech company Cyclic Materials has closed a $75 million USD Series C round, to fund its recycling of rare earth elements. betakit.com/cyclic-materia…
Years after leaving @Uber, @RaquelUrtasun is once again developing robo-taxis with the ride-hailing giant, after the largest funding round in #CDNTech history. “Self-driving is happening,” the @Waabi_ai founder told us. “The technology is ready now." betakit.com/waabi-lands-75…
.@1Password CEO David Faugno says the company "could be public today." The cybersecurity software company passed $400 million USD in ARR this year after a significant executive shakeup, and is now prepping for its #AI era (and perhaps a potential IPO?) betakit.com/we-could-be-pu…
.@augmentt_com, co-founded by former @Nable leaders @derikbelair and Gavin Garbutt, has closed an $18M Series A round. The #SaaS company specializes in security automation for managed service providers. betakit.com/ottawa-startup…
Real estate tech platform myAbode has acquired @firstlistco, a listing tool for real estate agents and is adding the Toronto firm’s co-founders Derek Hooper and @andrewpaliga to its executive team. betakit.com/real-estate-pl…
The feds will give 4 Canadian quantum firms—@XanaduAI, Nord Quantique, Photonic, and @anyonsys up to $23 million each as part of a new program meant to keep the companies in Canada. Stay tuned to BetaKit for more from this developing story. betakit.com/canada-launche…
Toronto-based payments startup Cybrid has raised a $10-million USD Series A round to bring its stablecoin payment infrastructure to more enterprise clients, including Canada’s financial institutions. betakit.com/cybrid-closes-…
🚨 Funding news: Canadian-founded blockchain startup @transcrypts_ has raised ~$20 million CAD in seed funding. 📊 Today: • 4M+ users • 450+ enterprise customers • HIPAA-certified in the U.S. betakit.com/mark-cuban-bac…
Radical Ventures closes $650-million early-stage AI fund theglobeandmail.com/business/artic…
NEWS RELEASE: Ontario launches free IP education tools to help businesses innovate and grow We have launched a practical online platform designed to help Ontario-based entrepreneurs and researchers better understand and use #IP to achieve their business goals. Freely available to innovators across the province. Learn more: ip-ontario.ca/news/ontario-l…
Seed and pre-seed activity in Canada is shifting after the 2021–2023 highs. Our 2025 report updates trends in deal sizes, sectors, provinces, and foreign participation. Explore the data: central.cvca.ca/2025-report-th…
🚨 BREAKING🚨 @cohere’s valuation just hit $7B USD after a $100M extension to last month’s $500M round. New backers include @bdc_ca and @NexxusPE. betakit.com/coheres-valuat…
Exclusive: Toronto-based @StorytimeVC holds $14-million first close of Fund II to back more startups modernizing work. #VC #CDNtech betakit.com/storytime-capi…
ProteinQure, a Toronto, Canada-based biotechnology company developing computational peptide therapeutics, raised $11M in Series A funding finsmes.com/2025/05/protei…
