Vancouver’s Sustainable Produce Urban Delivery (SPUD) is doing a reverse takeover of TSXV-traded Rainy Hollow Ventures in a going public transaction and will change its name to Freshlocal Solutions. Upon completion of the arrangement, the combined entity will carry on the current business of SPUD and trade on the Toronto Stock Exchange (TSX). “The name […]
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LEAF Mobile to Launch NFTKit and Offer Non-Fungible Tokens as Prizes in Select Games
LEAF Mobile announced today that its subsidiary studio, East Side Games, is set to launch a non-fungible token (NFT) game creation toolset called NFTKit for its IdleKit platform. Top performing players will, for the first time, have true ownership over their rewards by receiving NFTs as prizes in select LEAF Group games published by East […]
entrepreneurship@UBC Launches Human Health Venture Studio
entrepreneurship@UBC is at it again. The University incubator and accelerator has launched the Human Health Venture (H²V) Studio to leverage UBC’s deep pool of research by transforming human health innovations to impact through venture creation. The studio launch marks the program’s own evolution as an academic incubator/accelerator, creating specialized verticals to work with innovators across industries. […]
Mogo Enters Wealth Management Space With Acquisition Of Moka
Vancouver fintech Mogo (TSX:MOGO) is acquiring Montreal’s Moka Financial Technologies, one of Canada’s leading saving and investing apps, in an all-stock transaction. The proposed acquisition will increase Mogo’s member base by over 40% to more than 1.7 million and expand Mogo’s wealth offering to include saving and investing products. Moka launched in 2017 with the […]
Institutional Investment Round Makes Vancouver’s GeoComply A Unicorn
Vancouver’s GeoComply Solutions announced today that they have received a significant investment from Blackstone Growth and Atairos. GeoComply operates at the center of a new generation of cybersecurity companies, leveraging advanced geolocation data to make better risk-based decisions. Working as a critical piece of the infrastructure for some of the world’s largest tech companies, GeoComply […]
B.C. Government Expands Launch Online Grant Program To Support More Businesses
In response to a high number of applications, the B.C. government is investing an additional $30 million in their new Launch Online Grant program. The Launch Online Grant program provides up to $7,500 to businesses to help build or expand an e-commerce site to reach more customers and to sustain and grow their business. The new […]
Working Together To Grow Angel Investing In Western Canada
Over the last decade, National Angel Capital Organization (NACO) members have invested over $1 billion into early-stage ventures, creating thousands of jobs and assisting Canadian entrepreneurs in every region and industry to execute their vision and commercialize their ideas. However, as the 2020 NACO Report on Angel Activity in Canada highlights, angel investment continues to […]
Beanworks Acquired By Quadient For $105 Million
Quadient announced today that it is acquiring Software as a Service (SaaS) platform Beanworks for approximately $105 million. Quadient will acquire 96% of the Vancouver company with two key leaders retaining a minority equity stake. Quadient has a mechanism to increase its ownership up to 100% in the coming years. Founded in 2012, Beanworks is […]
TechBrew Robotics Named Winner of 2021 OKGN Angel Summit
After 10-weeks of pitches, meetings, due diligence, and training, Salmon Arm’s TechBrew Robotics took home the $145,000 prize at the third annual OKGN Angel Summit. TechBrew Robotics is a turnkey robotics automation for difficult applications, including a system that picks, trims and packages mushrooms. This year’s OKGN Angel Summit saw participants from all over British […]
D-Wave Systems Lands $40 Million From Ottawa’s Strategic Innovation Fund
Burnaby’s D-Wave Systems is getting $40 million from the federal government to help advance its efforts in the development of quantum computing. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced the contribution to D-Wave last week. The funding comes from Ottawa’s Strategic Innovation Fund and will support a $120-million project to develop quantum […]