A Vancouver-based maker of agriculture technology this month received capital from the federal government through the Pacific Economic Development Agency of Canada. QuantoTech Solutions received $750,000 through PacifiCan’s Jobs and Growth Fund. The company’s vision started through a love of indoor farming forged due to long, cold winters in Alberta. The firm was established in Lethbridge […]
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CarboNet Captures $1.7M in Federal Funding to Scale Up Wastewater Tech
The Global Commission on the Economics of Water estimates that by 2030 we will have overdrawn our freshwater reserves by 40%, with economic analysis suggesting water insecurity could cost us trillions of dollars by 2050. As freshwater becomes increasingly regulated and scarce, companies from energy and mining to food and beauty are turning to startups […]
Codezero Raises $3.5M for Multi-Cloud DevOps Security Revolution
Vancouver startup Codezero has raised a $3.5 million seed funding round led by Ballistic Ventures, a venture capital firm dedicated exclusively to funding entrepreneurs and innovations in cybersecurity. This investment marks a significant leap forward in Codezero’s mission to reimagine multi-cloud, collaborative microservices development. With the new capital, Codezero is set to grow its sales […]
Mogo Launches Next Gen of Moka Platform to Power Wealth Through AI
Mogo this week announced the next generation of its wealth-building app, Moka. The Vancouver-based digital wealth and payments business unveiled Moka.ai, equipped with “significant updates and enhancements designed to help the next generation of Canadians get on a real path to becoming millionaires and achieving financial freedom.” David Feller, founder and chief executive officer of Mogo, […]
VoPay Unveils Collaboration as Company Brings Financial Tech to US
A Vancouver-based provider of embedded financial technology solutions this week announced a partnership with fellow fintech Cross River Bank. VoPay will work with Cross River on its expansion into the U.S. market, the company stated, forming a “landmark alliance.” “Joining forces with Cross River marks a transformative moment for VoPay,” believes Hamed Arbabi, chief executive […]
Government of Canada Invests $14M To Drive Innovation and Economic Growth in Vancouver
Vancouver is brimming with the talent and industry-leading ideas to meet global demand for Canadian products and services. That is why the Government of Canada is making strategic investments in projects that are helping scale-up local businesses to develop and market new technologies. Today, the Pacific Economic Development Agency of Canada (PacifiCan) announced almost $14 million in PacifiCan […]
INNOVATEwest Collabs with Launch Academy to Showcase Best of BC Tech
Last year, we reported on rumblings of a new large-scale tech conference in Vancouver preparing to launch in 2024. Not Collision, as some had called for, but rather INNOVATEwest. The multi-day event, slated for mid-April, is due to take place at the Vancouver Convention Centre, and will focus on the intersection of technology and business innovation. […]
JAKS Secures Support from CFIN to Advance Robotics in Manufacturing
The Canadian Food Innovation Network announced today that it is awarding nearly $500,000 across six food-tech projects throughout Canada. “These six projects represent CFIN’s vision for a future where new ideas and technologies create a more efficient, sustainable, and customer-centric food industry,” stated Dana McCauley, chief executive of CFIN. “As we introduce intelligent solutions, autonomous […]
MarineLabs Raises Largest Seed Round in Canadian Ocean Technology History
Victoria’s MarineLabs, a leader in cutting edge maritime weather intelligence technology, has raised a $4.5 million seed funding round, marking the largest investment of its kind in Canadian history for an ocean tech company. The historic funding was led by BDC Capital’s Sustainability Venture Fund with participation from Seaspan Shipyards, a leader in Canada’s ship design, […]
Cymax Group Finds a Match With Markus Frind as New CEO
Burnaby’s Cymax Group has named Markus Frind as its new CEO. Frind is the founder of Plenty of Fish which he sold to Match.com in 2015 for USD $575 million. That same year he invested $25 million in Cymax, alongside BDC, and has been on the Board of Directors for over 9 years. Frind succeeds […]