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Government of Canada Awards $12 Million to KPMG

On July 17, 2019, the Honourable Carla Qualtrough, Minister of Public Services and Procurement and Accessibility, announced that the Government of Canada has awarded a $12 million contract to KPMG of Ottawa, Ontario, to design…

Government Funding Awards. Who Got Funded This Week?

Government Funding Awards. Who Got Funded This Week?

Overall Disbursements. Funding from federal and provincial governments reached $255.3M this week, down from $1.74B last week. Top Sector. Mining & Natural Resources is the top sector this week, attracting $181.8M, 71% of total incentives. Top Region. Quebec is…

Laval’s lLKOS Therapeutics raises $21M in seed funding

Laval’s lLKOS Therapeutics raises $21M in seed funding

Laval-based ILKOS Therapeutics has raised $21M in seed funding from the CTI Life Sciences Fund, the Fonds de solidarité FTQ and Servier Canada.

Toronto’s Financeit raises $17 in VC funding

Toronto-based Financeit has raised $17M in venture capital from DNS Capital and the Pritzker Organization. Financeit offers a platform that allows businesses to offer consumer financing to their customers from various devices in Canada. It works…

Burnaby’s MSI Methylation Sciences closes $30M

Burnaby-based MSI Methylation Sciences has closed $21M in VC funding from Quark Venture. MSI Methylation Sciences is a biotechnology company that develops and markets S-Adenosyl Methionine, a prescription drug used as a dietary supplement.

Kitchener’s Clearpath Robotics raises $30M

Kitchener-based Clearpath Robotics has raised $30M in Series B funding in a round led by iNovia Capital. Silicon Valley Bank, Ellipse Capital, GE Ventures, RRE Ventures, and Caterpillar Ventures also participated in the round. Clearpath provides…

Burnaby’s D-Wave Systems raises $21M

Burnaby-based D-Wave Systems has raised $21M in venture financing from Fidelity Investments. D-Wave Systems designs and manufactures quantum computing and superconducting electronics.

Laval-based biotech startup closes $21M in funding

Laval-based biotech startup closes $21M in funding

The Fonds de solidarité FTQ, CTI Life Sciences Fund and Servier Canada are investing $21M to create Ilkos Therapeutics Inc., a new biotechnology firm. The company will focus on the development of S42909, a compound…

Vancouver’s DarkVision secures $8M in Series A funding

North Vancouver-based DarkVision Technologies Inc. has secured $8M in Series A funding from BDC Capital and Evok Innovations. The company offers a new ultrasound-based imaging technology for delivering ultra-high resolution 3D models of oil and gas wells.

Toronto’s Chefs Plate secures $6M in funding

Chefs Plate, a fresh ingredient and recipe delivery space, has secured $6M in new funding, led by Acton Capital Partners. Quick Facts. Acton Capital Partners is a global investment firm associated with a long track record of…

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