Canada
Companies
Funding rounds
CAD 425M
GICLead, CPP Investments, ICONIQ, IGM Financial, iNovia, Power Corporation of Canada
Added · · Wealthsimple raises C$425M at a C$13.8B valuation led by GIC
$185M
ATB FinancialLead, Alterna Savings and Credit Union, Beem Credit Union, Innovation Federal Credit Union, Vancouver City Savings Credit Union
CAD 53M
BDC CapitalLead, Alberta Accelerate Fund, Aquiline, Clocktower Ventures, Curql Collective, Gold House Ventures, Headline, Information Venture Partners, Vesey Ventures
Added · · Weekly update #147
$65M
TPGLead
Added · · Weekly update #140
CAD 130M
BDC Capital, Drive Capital, Eldridge, HOOPP, Mubadala, Portage Ventures, Savano Capital
Added · · Weekly update #136
$302M
Diagram, Endeavor Catalyst, Fidelity Investments Canada, Fondaction, Fonds de solidarité FTQ, La Caisse, NAventures, PICTON Investments, Portage Ventures
Added · · Weekly update #136
$6.4M
Added · · Weekly update #133
$50M
Added · · Weekly update #133
CAD 12M
AgeTech Capital, Deokali Capital, Eventi Capital Partners, Flow Capital, Good & Well
Added · · Weekly update #128
CAD 14M
Khosla VenturesLead, Air Canada, Crossbeam Venture Partners, Venrex
Added · · Weekly update #125
News
Canada launches Real-Time Rail with eight initial participants
Payments Canada launched the Real-Time Rail on 9 November, a national payment system that lets members clear and settle payments in real time, 24 hours a day,…
Wealthsimple unveils AI assistant Penny among 12 new releases
Wealthsimple unveiled Penny, an AI assistant inside its app, together with 11 other releases at its Wealthsimple Presents showcase in Toronto on 5 November.
National Bank of Canada to acquire RESP provider Embark for about C$226M
National Bank of Canada has agreed to acquire Embark Student Corp., a Toronto-based provider of Registered Education Savings Plans, for an estimated C$226…
BMO launches AI Agent Assist to speed up credit card transaction queries
BMO has introduced AI Agent Assist, an agentic AI tool that supports staff at its Virtual Connect contact centre when clients call about credit card…
Wealthsimple raises C$425M at a C$13.8B valuation led by GIC
Wealthsimple has agreed an equity round of up to C$425 million at a post-money valuation of C$13.8 billion, led by GIC.
Neo Financial closes a $185M syndicated warehouse facility led by ATB Financial for its credit card receivables
Neo Financial has closed a $185 million syndicated warehouse facility, with ATB Financial acting as administrative agent, lead arranger and sole bookrunner.
Radical Ventures closes more than $1B for the first tranche of its Breakouts Fund
Radical Ventures closes more than $1B in the first tranche of its new Breakouts Fund for AI scaleups.
Portage closes $600M Ventures Fund IV to back fintech from seed to Series C
Portage closes Portage Ventures IV at about $600M, its fourth flagship fintech fund, with Broadridge and Fifth Third Bank as new strategic LPs.
Intrepid Growth Partners closes $525M debut AI growth fund
Intrepid Growth Partners closes $525M debut fund to back growth-stage AI companies across Canada, the UK, the US and Europe.
Intrepid closes $525M debut AI growth fund
Intrepid Growth Partners closes $525M debut fund to back growth-stage AI companies across Canada, the UK, the US and Europe.