Difficulty accessing capital and concerns about fund performance were the talk of the town among Canadian venture capitalists at Elevate’s recent CIX Summit in Toronto.| BetaKit
Despite tough market conditions leaving many emerging managers struggling to fundraise, FinTech-focused Luge Capital closed its second early-stage fund last month, securing $96 million CAD.| BetaKit
Already one of Canada’s highest-valued technology startups, Burnaby, BC-based legaltech company Clio claims its new Series F round makes it the most valuable cloud legaltech firm in the world.| BetaKit
The Business Development Bank of Canada (BDC) has reported a significant loss in value for its venture capital portfolio in its latest annual report.| BetaKit
The Business Development Bank of Canada has promoted Geneviève Bouthillier to executive vice president of BDC Capital.| BetaKit
Calgary and Winnipeg-based challenger bank Neo Financial has secured a $360-million CAD Series D round to offer Canadians more competitive alternatives to traditional banks.| BetaKit
Montréal-based venture builder and investor Diagram Ventures has fuelled up to expand beyond its FinTech roots with the final close of its first ClimateTech Fund.| BetaKit
Venture leaders publicly grapple with weak performance and uncertain future ahead of CVCA Invest Canada conference.| BetaKit
CWVC analyzed the careers of over 600 women in Canadian VC who have joined its ranks since 2019 for a “pulse” check on how they have advanced and been retained.| BetaKit
Toronto and Montréal-based CMD Capital has halted fundraising and paused its operations indefinitely after failing to secure anchor institutional investors for its first VC fund, BetaKit has learned.| BetaKit
Canadian VC saw $7.86 billion invested across 592 deals in 2024, per the CVCA, buoyed by later-stage megadeals while seed funding struggled.| BetaKit
Investment bank’s Growth Venture Fund will now directly invest in Canadian tech companies.| BetaKit
