Vancouver’s Notch Therapeutics has closed a USD $85 million Series A financing led by an exclusively healthcare-focused investment fund, with participation by existing investors including Vancouver’s Lumira Ventures. Notch is developing renewable, stem cell-derived immunotherapies, with an initial focus on cancer. Proceeds from the financing will support the continuing development of Notch’s portfolio of iPSC-derived […]
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Fraction Raises $289 Million, Takes Aim At Reverse Mortgages
Vancouver’s Fraction Technologies has raised $289 million in a combination of equity and debt financing from Impression Ventures, Primetime Partners, Global Founders Capital, and Panache Ventures, among others. In contrast to reverse mortgages and home equity loans, Fraction’s flagship product, the Fraction Appreciation Mortgage, has no monthly payments. Instead it offers a reasonable interest rate […]
Fabric Raises USD $43 Million For Headless Commerce Platform
Commerce startup Fabric has raised a USD $43 million Series A funding round led by Norwest Venture Partners. With an office in Vancouver, Fabric is a headless commerce platform helping direct-to-consumer and B2B brands utilize an e-commerce platform designed for their needs. The announcement comes less than four months after the Bellevue, WA-headquartered startup raised a […]
Mangrove Raises $3 Million To Accelerate Lithium Refining Globally
Mangrove Lithium has raised a $3 million financing round from BDC Capital’s Cleantech Practice. Mangrove is a developer of a breakthrough modular platform for the most cost-effective production of battery grade lithium hydroxide. Its electrochemical innovation simplifies existing processes and can directly refine input streams from brine, hard-rock, clay and geothermal assets. “Lithium processing is […]
Lyft Partners With Toyota To Bring Hydrogen-powered Rides To Vancouver
Toyota Canada and Lyft have launched a partnership to provide an limited number of ride-hail drivers in Vancouver with access to hydrogen-powered Mirai sedans. Lyft drivers in the city will be able to rent one of 24 2021 Toyota Mirais for $198 a week through Toyota’s new Kinto Share App. That cost includes insurance, maintenance, […]
TraceSafe Lands Biggest Corporate Wearables Order Ever
Vancouver’s Tracesafe has reached an agreement to supply a global Tier 1 semiconductor manufacturer with 60,000 wearable units to be used across their enterprise. TraceSafe’s agreement with the Fortune 500 firm calls for the use of TraceSafe’s entire suite of wearables and cloud management solutions, including custom API access. Sixty thousand units will be deployed, […]
iQmetrix Launches Pay Anywhere Contactless Payment Solution
COVID-19 has spurred the need for retailers to adopt touchless payment solutions—so much so, that this is now one of the largest areas of investment for retailers. The demand from consumers is no different in telecom retail, where customers still largely prefer to buy their wireless devices, rate plans, and accessories in-store. Vancouver’s iQmetrix has […]
Burnaby’s Loop Energy To Go Public On The TSX
Burnaby’s Loop Energy is going public on the TSX with plans for raise $100 million in the process. Loop Energy provides zero-emission power systems for heavy-duty transportation applications. Loop works with vehicle manufacturers to design and deliver carbon-free motive solutions using both electric and hydrogen fuel cell technologies. Loop sells and services two categories of […]
Li Ka-shing-backed WELL Health To Buy CRH Medical For Nearly $300 Million
WELL Health Technologies announced this morning that it is acquiring CRH Medical Corporation for USD $292.7 million. Vancouver-headquartered CRH Medical is focused on providing gastroenterologists throughout the United States with innovative services and products for the treatment of gastrointestinal diseases. The acquisition will significantly boost WELL’s revenues, cash flow, and EBITDA profile, while marking WELL’s […]
Kelowna’s EstateBox Is A Finalist For Women In Fintech Grant
Despite the grim statistics, with less than 5% of fintech companies having a female founder, Canadian womxn are building the next wave of fintech companies that are making finance more inclusive and accessible for all. To support these trailblazers, PR Communications firm Talk Shop launched a $30,000 Women in Fintech Grant late last year. Delivered […]