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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…

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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…

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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.

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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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