Canada funding

Elle, MD Technologies is a Nova Scotia-based medtech startup focused on developing non-hormonal contraceptive devices. Their flagship product, Livv, is a vaginal contraceptive ring designed to provide birth control without the side effects associated with hormonal methods. The recent funding will support their first human clinical trial at The Ottawa Hospital.

KOHO is a FinTech company that offers spending and savings accounts, credit-building tools, and overdraft protection to retail customers. It aims to provide users with a modern banking experience that helps them manage their finances more effectively. The recent funding round of $93.2 million positions KOHO as one of the largest Canadian FinTech deals in the first half of the year.

Padder operates a guarantor-as-a-service model designed to assist non-traditional renters, such as gig workers and newcomers to Canada, in passing rental qualification checks. The company addresses a significant gap in the rental market by acting as a digital guarantor, making it easier for those without traditional credit histories to secure housing.

Blockmate Ventures is focused on developing AI technologies and infrastructure. The company is establishing a data center in Wyoming to support its AI initiatives, which is notable for its strategic location and investment in advanced technology.

The Canadian startup has successfully raised US$75 million to demonstrate that chip companies can establish operations in Canada. This funding aims to bolster the local semiconductor industry and showcase the potential for growth in this sector within the country.

TouchBistro is a restaurant point-of-sale software vendor that provides digital tools for restaurants, including a table-side ordering system and business management platform on Apple iPad tablets. The company was co-founded in 2010 and has raised approximately $270 million in venture capital, but faced significant challenges in competition and market conditions.

General Fusion is a nuclear fusion startup that has developed magnetized target fusion technology, using mechanical compression to achieve fusion conditions. The company aims to become the first pure-play fusion energy firm to trade on public markets through a merger with Spring Valley Acquisition Corp. III.

Wafr Technologies is a Vancouver-based startup focused on developing cooling technology for AI data centres. Their proprietary thermal battery system aims to significantly reduce water and energy consumption, addressing critical sustainability challenges in the AI infrastructure sector.

Floqer is a Halifax-based startup that has pivoted from an open-source Chrome extension to a CRM data engine that aggregates over 100 data sources for AI sales agents. The company helps businesses like Perplexity and Wise automate client research and enhance their CRM systems.

Dominion Dynamics is a Canadian defense technology company focused on building a sensor network to monitor and detect threats in the Canadian Arctic. The company aims to transition from producing prototypes to becoming a global defense prime capable of scaling its operations. This funding round is the largest Series A financing for a Canadian defense startup, aimed at securing federal government contracts.

Float is a Canadian fintech company that provides cash flow management solutions for businesses. It helps companies forecast their cash flow and manage their finances more effectively. The recent funding round will enable Float to enhance its platform and expand its market reach.

Float Financial Solutions Inc. is a Toronto-based fintech company that helps small and medium-sized businesses manage corporate spending through company-issued payment cards and expense management software. The company is expanding its offerings to include AI-powered finance software and has seen significant growth, with over 7,500 Canadian businesses using its platform.

Picketa is an AgTech startup that provides farmers with the Leaf Evaluated Nutrient System (LENS) for on-the-spot plant tissue analysis. This technology helps farmers optimize fertilizer use and improve crop health, addressing the rising costs of fertilizer and the need for efficient farming practices.

KOHO is a financial technology company that provides an innovative app featuring spending and savings accounts with no hidden fees. It aims to offer better financial solutions to Canadians, focusing on transparency and user trust.

Koho Financial Inc. is a digital bank challenger that offers customers cash back on purchases through its debit card services. The company aims to provide lower-cost banking products and has raised significant funding to bolster its bid for a federally regulated bank license.

Nesto is a digital mortgage lender that aims to streamline the mortgage process using artificial intelligence. Targeting consumers in Canada, the company is focused on reducing underwriting times and improving the overall client experience. This funding round will help Nesto enhance its technology and expand its offerings in the mortgage and lending ecosystem.

DataBraid is a Toronto-based startup that aims to solve the inefficiencies faced by insurance brokers due to 'portal hopping'. Their AI-powered software connects directly with existing broker management systems, streamlining operations and reducing data entry errors.

Pricepoint is an AI-driven platform designed for the hospitality industry. It aims to optimize pricing strategies for hotels and other accommodation providers. The recent funding round will help enhance its technology and expand its market reach.

Scispot is an AI-native operating layer for self-driving labs that helps biotech, diagnostics, pharma, and other life sciences teams coordinate lab execution. The company is notable for its ability to automate digital lab work and manage millions of samples, making lab operations more efficient and traceable.

Loop Industries is a technology company focused on sustainable plastic recycling. It aims to commercialize its proprietary Infinite Loop™ chemical recycling process to convert hard-to-recycle plastics into high-purity PET plastic. The recent funding will support the scale-up and deployment of this innovative technology.

Saris AI is a startup focused on automating back-office tasks for banks and credit unions using AI technology. The company aims to enhance efficiency in financial services by allowing humans and AI to work together seamlessly. This funding round will help Saris scale its platform to reach more financial institutions.

Quantum Bridge Technologies is a Toronto-based startup that specializes in quantum-safe encryption methods. The company aims to protect organizations from future quantum computing threats by providing a decentralized architecture for symmetric key management. Their recent funding will help scale their Distributed Symmetric Key Establishment (DSKE) protocol, enhancing cryptographic resilience.

Xanadu Quantum Technologies Ltd. is a Toronto-based startup focused on quantum computing. The company has secured a deal to raise up to $300 million through an equity facility, allowing it to issue shares opportunistically based on market conditions.