TELUS is buying one of Canada’s leading providers of security solutions, paying $700 million for ADT Canada as telecommunications giants race to expand their product bundles. ADT Canada provides security and automation solutions to 500,000 residential and business customers and has 1,000 staff across the country. This acquisition builds on TELUS’ strategy of leveraging its […]
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Renewal Funds Raises $145 Million for Renewal4 Impact Fund
Venture capital firm Renewal Funds has closed its latest fund, Renewal4, at $145 million making it one of the largest early stage impact funds in North America. Vancouver’s Renewal Funds is a sustainability focused firm that invests across North America in environmental technology and sustainable consumer products. Today’s funding announcement brings the firm’s total assets […]
Genome BC Invests in Safe Drinking Water
Genome BC has invested $1 million in Acuva Technologies through its Industry Innovation (I²) program. The I² Fund provides commercialization support for companies developing innovative life science technologies that address biological challenges in key economic sectors in BC: Agriculture, Energy and Mining, Environment, Fisheries and Aquaculture, Forestry, and Human Health. Access to safe drinking water […]
Clir Renewables Raises $7.1 Million Series A Round
Vancouver’s Clir Renewables, closed their Series A round of C$7.1 million this month, led by strategic investor ArcTern Ventures. Clir’s software platform uses machine learning algorithms to categorize and quantify areas of underperformance across wind farms, resulting in recommended actions for improvement, including yaw alignment and blade pitch. Customers realize Annual Energy Production (AEP) gains […]
Who are Vancouver’s Top Growing Tech Companies?
The Globe and Mail has unveiled its inaugural Report on Business ranking of Canada’s Top Growing Companies. The list of 400 businesses operate in such hot sectors as fintech, e-commerce and cannabis, along with long-established industries like manufacturing and transportation. Each company on this list is rising fast with average revenue growth of 511% over […]
Terminal Raises $17 Million to Solve Tech Talent Shortage
Terminal, the remote teams company helping future unicorns work around the talent shortage and hire top tech talent across the globe, has announced a $17 million Series B funding round that includes notable investors Kleiner Perkins and Lightspeed Venture Partners. Headquartered in San Francisco, Terminal is trying to solve the hiring crisis in tech. With […]
How to Make B.C. a Worldwide Hub for Artificial Intelligence by 2022
The Artificial Intelligence network of British Columbia (AInBC) is officially launching on October 1st. Community ties are so essential in building out a strong ecosystem, so if you have an interest, passion, project or company in the AI space, the AInBC invites you to their launch event. AInBC’s mission is to connect talented people with […]
All-in-One Smart-Home Air Filtration Solution HAVEN Launches North America Wide
It’s that time of year. Time to batten down the hatches and seal up our homes up for winter. Unfortunately in the process we dramatically reduce the quality of air in our homes. Canadians spend an average of 90 percent of their time indoors, where air quality has been found to be anywhere from two […]
New Ventures BC Announces 2019 Startup Competition Winners
This year’s New Ventures BC startup competition wrapped up tonight with an awards ceremony during Vancouver Startup Week. 10 companies were still in the running for over $250,000 in cash and the winners were crowned at The Imperial. Lumen5 took home the $105,000 Innovate BC first-prize package. The two year-old company empowers brands to share […]
Engine Giant Cummins Invests in Vancouver’s Loop Energy
Interest in hydrogen fuel cells is picking up as the transportation industry. Loop Energy announced today that they have received a cash investment from Cummins, the power systems giant that wrote the book on high-performance diesel engines. Vancouver’s Loop Energy provides zero-emission power systems for heavy-duty transportation applications. Loop works with vehicle manufacturers to design and […]