Read the news and data that companies need to get funding
Saskatoon 7shifts has closed $1.2M in seed funding from Relay Ventures, Boost VC, Globalive Capital, and Tim Draper. 7shifts offers a mobile and web-based employee scheduling application for the restaurant industry.
Calgary’s BlackSquare has closed an undisclosed amount in angel funding from the Accelerate Fund. The company makes Blackboxx, the world’s most advanced ecommerce platform for the global wine and spirit industry.
Toronto-based Rover, a location-based mobile marketing platform, has closed $1.1M in seed funding. Quick Facts. BDC Capital, 500 Startups, SaaS and marketing tech angel investors were all participants in the round. Rover plans to use the funding to continue development on its location-based marketing platform and accelerate hiring, particularly at its Toronto office.
Montreal-based digital music startup AmpMe has raised $8M in Series A funding to help users start spontaneous mobile phone-powered parties. Quick Facts. AmpMe’s app allows multiple users to play the same song on their mobile devices, amplifying the music. Relay Ventures, Investissement Québec, Slaight Music, OMERS Ventures, Townsgate Media, Anges Québec, Real Ventures and others participated[…]
Vancouver’s Buddybuild has raised US$7.6M in Series A funding. Quick Facts. The round was led by Kleiner Perkins Caufield and Byers, a Silicon Valley firm. All pre-existing investors, including Amplify Partners, Bloomberg Beta and First Round Capital, also participated in the round. Launched in October 2015, Buddybuild improves the development workflow used by mobile app[…]
FedDev Ontario has announced the launch of its second intake period for the Canada 150 Community Infrastructure Program (CIP 150) in southern Ontario. Quick Facts. The Government of Canada is doubling its investment in community and cultural infrastructure, providing an additional $150M over two years to renovate, expand, or improve cultural and recreational spaces across Canada. FedDev[…]
The federal government has issued a call for proposals for its $50M Skills and Partnership Fund, which encourages Indigenous organizations to create partnerships with governments, businesses and community organizations to improve skills training. Quick Facts. The program responds to the changing needs and priorities of the labour market, while providing opportunities for Indigenous people to fully participate[…]
The Alberta-Germany Collaboration Fund for Product Development and Commercialization is currently seeking applicants from SMEs in Alberta. Quick Facts. Eligible projects can be in any of the following stages: Applied research and development; Product development; Proof of concept; Prototype development; and Technology demonstration. The overarching goal of this program is to help participants become more globally competitive by developing innovative technologies[…]
An important part of securing funding for your business is learning the lingo. Here are a few of the most commonly used terms in the government funding space: Contributions: Repayable financial contributions awarded by governments to an organization. Equity: Ownership stakes by government in the shares of the applicant company’s corporation. Government funding programs: Grants, contributions, loans, vouchers[…]
By Geoff Zochodne The Ontario government has to start spending more, right? That’s the assumption the Financial Accountability Office of Ontario, an independent watchdog of the legislature, was forced to make in its newest economic and fiscal outlook. In the forecast, the FAO highlighted a $4-billion gap between what the province is currently predicting it[…]