Recent Posts
News•Feb 27, 2026
YSpace, York University Open the Door Between Canada and Korea’s Tech Ecosystem
YSpace, the entrepreneurship hub at York University, has signed two memorandums of understanding with South Korea’s Korea Business Angels Association and the Seoul AI Hub. The agreements give YSpace a formal mandate to help Korean startups enter Canada and to create outbound pathways for Canadian founders into Korea’s advanced industrial market. Both nations rank among the OECD leaders in higher‑education attainment, providing deep talent pipelines for AI and advanced manufacturing. YSpace will launch joint workshops, mentoring and soft‑landing services later this year, building on its existing Startup Visa program that already accelerated Korean entrants like Referral Kloser and Hype AI.
By BetaKit (Canada)
News•Feb 27, 2026
How PeerSupport.io Is Helping Yukon Docs Send Referrals Using only Their Voice
PeerSupport.io, a Yukon health‑tech startup, launched CoWork, an autonomous AI browser that executes EMR and web‑based tasks through voice commands. In pilot clinics the tool can send referrals, renew prescriptions, and pull charts in under 11 seconds, delivering roughly 10.5...
By BetaKit (Canada)
News•Feb 26, 2026
Real Estate Investment Platform Addy Enters Restructuring One Year After Fine From Regulators
Vancouver‑based fractional real‑estate platform Addy announced it is restructuring its business, engaging Dentons and Crowe MacKay to guide an orderly transition. The move follows a 2025 $100,000 fine from the British Columbia Securities Commission for trading $26 million of securities without...
By BetaKit (Canada)
News•Feb 26, 2026
How Stay22 Went From Pandemic Freefall to One of Montréal Tech’s Biggest Growth Stories
Montreal‑based travel content platform Stay22 announced a $122 million minority equity round from Summit Partners, its first external funding since the pandemic. After losing 90% of revenue in 2020 and cutting two‑thirds of its staff, the company pivoted to creator‑focused travel...
By BetaKit (Canada)
News•Feb 26, 2026
U of T Taps BioLabs to Take over Incubator After Johnson & Johnson Pulls Support
The University of Toronto has partnered with Cambridge‑based BioLabs to operate its 40,000‑square‑foot life‑sciences incubator after Johnson & Johnson announced it will withdraw support by the end of 2025. BioLabs, entering Canada for the first time, will manage the space...
By BetaKit (Canada)
News•Feb 26, 2026
NordSpace Launches Venture Arm with Strategic Investment in Wyvern
Canadian aerospace firm NordSpace announced the creation of NordSpace Ventures, a dedicated investment arm targeting space, defence, and dual‑use technologies. Its first portfolio company is Edmonton‑based Wyvern, which operates the high‑resolution Dragonette satellite constellation and is developing next‑generation Rosette satellites...
By BetaKit (Canada)
Deals•Feb 26, 2026
Stay22 Raises $122M in Minority Growth Round From Summit Partners
Montreal-based travel content monetization startup Stay22 announced a $122 million USD minority growth investment from private equity firm Summit Partners, its first external funding since 2020. The all‑equity round will support Stay22’s expansion into retail link monetization and further growth...
BetaKit (Canada)
Deals•Feb 26, 2026
NordSpace Ventures Makes Strategic Corporate Investment in Canadian Space Data Firm Wyvern
Canadian aerospace company NordSpace launched its venture arm, NordSpace Ventures, and announced a strategic corporate investment in Edmonton-based space data company Wyvern. While the amount was not disclosed, the partnership aims to combine NordSpace’s launch capabilities with Wyvern’s advanced satellite...
BetaKit (Canada)
News•Feb 25, 2026
Can Canada Find Digital Sovereignty in the Fediverse?
At the inaugural FediMTL conference in Montreal, Canadian developers and activists gathered to champion the Fediverse as a path to digital sovereignty. The decentralized social web, built on the open‑source ActivityPub protocol, offers alternatives to US‑owned platforms such as Facebook,...
By BetaKit (Canada)
News•Feb 25, 2026
As Vacancies Rise, Padder Aims to Insure Rent Payments for Tenants Who May Not Fit the Traditional Mould
Toronto‑based insurtech Padder closed a CAD 2.5 million seed round to launch its guarantor‑as‑a‑service platform for Ontario landlords. The service acts as a co‑signer, underwriting renters with non‑traditional financial profiles using more than 100 data points. Approved tenants receive a rent‑insurance policy...
By BetaKit (Canada)
News•Feb 25, 2026
CoeusAI Establishes Dutch HQ After Landing Major Offshore Energy Gig
CoeusAI, a Canadian cleantech AI startup, has opened a Rotterdam headquarters after being chosen as the sole Canadian participant in the North Sea Energy (NSE) programme. The firm will work across five NSE streams, using AI to site offshore wind,...
By BetaKit (Canada)
Deals•Feb 25, 2026
Padder Raises $2.5M CAD Seed Round Led by North Exit Ventures
Toronto-based insurtech startup Padder has closed a $2.5 million CAD seed round led by North Exit Ventures, with participation from Westdale Properties and angel investors. The capital will fund the launch of its guarantor‑as‑a‑service platform for Ontario landlords and tenants.
BetaKit (Canada)
News•Feb 24, 2026
L-Spark Completes Its First Cohort as a Corporate Accelerator
After a decade of running SaaS‑focused cohorts, Ottawa‑based L‑Spark rebranded as a corporate accelerator in April 2025, matching startups with large enterprises. Its inaugural Mitel Unified Communications Accelerator showcased eight companies from North America and Europe that extended Mitel’s AI...
By BetaKit (Canada)
News•Feb 24, 2026
Business Leaders Urge Ottawa to Extend Employee Ownership Tax Incentive
Business leaders, including CEOs of BMO, Scotiabank and tech firms, have urged the Canadian government to make permanent the employee‑ownership trust (EOT) capital‑gains tax incentive introduced in the 2023 budget, which provides up to $10 million in tax relief. The incentive...
By BetaKit (Canada)
News•Feb 24, 2026
New Trade Association Aims to Give Domestic SMBs a Shot in Canada’s “Defence Renaissance”
The Alliance of Canadian Defence Companies (ACDC) launched today as a coalition of emerging defence technology firms seeking a unified voice in Ottawa. Co‑chairs Eliot Pence and Paul Ziadé argue that Canada’s ambitious procurement targets require clear representation from Canadian‑owned...
By BetaKit (Canada)
News•Feb 24, 2026
A16z Speedrun Alum General Magic Secures $7.2 Million USD to Make Calling Your Insurance Company Less of a Slog
Toronto AI startup General Magic announced a $7.2 million financing round led by Radical Ventures with participation from a16z Speedrun and several angel investors. The company’s agentic AI texting platform automates insurance customer interactions across quoting, coverage queries, and claims, promising...
By BetaKit (Canada)
News•Feb 23, 2026
Court Filings Reveal Sheertex Maker’s Steep Losses Ahead of Insolvency
Montréal‑based Sheertex maker SRTX filed for insolvency and agreed to sell key assets to fellow Québec hosiery firm AYK International. Court filings reveal revenue peaked at $45.5 million in 2023, dropped to $27.9 million in 2024 and generated only $7.6 million in the...
By BetaKit (Canada)
News•Feb 23, 2026
How to Fix Canada’s Start-Up Visa
Canada’s Start‑up Visa (SUV) was launched a decade ago to lure world‑class entrepreneurs, but chronic delays have turned it into a bottleneck. By the end of 2025 processing times stretched between ten and thirty‑five years, prompting the federal government to...
By BetaKit (Canada)
Deals•Feb 18, 2026
AYK to Acquire Sheertex Maker in Quebec Hosiery Deal
Quebec-based hosiery company AYK announced it will acquire the maker of Sheertex, a leading ultra-strong tights brand. The undisclosed transaction aims to strengthen AYK's position in the North American hosiery market. The deal was announced on February 18, 2026.
BetaKit (Canada)
Deals•Feb 12, 2026
Zero Point Cryogenics Launches Its First Fundraising Round
Zero Point Cryogenics (ZPC), a Canadian maker of dilution refrigerators for quantum research, has announced the start of its first fundraising round. The round aims to fund the company's expansion and further development of quantum cryogenic technology. No amount or...
BetaKit (Canada)
Deals•Feb 10, 2026
Taiv Raises $13M in Series A Plus Round Led by IDC Ventures and Emerging Ventures
Canadian ad‑tech startup Taiv announced a $13 million USD funding round, dubbed a “Series A plus”, led by IDC Ventures and Emerging Ventures. Existing backers Y Combinator, Garage Capital, Pioneer Fund, Trillick Ventures and undisclosed angels also participated, bringing total capital...
BetaKit (Canada)
Deals•Feb 10, 2026
Trust Science Acquires Lenders API to Build Canada’s First Industry‑Wide Fraud Defence System
Edmonton‑based Trust Science announced the acquisition of Toronto‑based Lenders API, creating Canada’s first industry‑wide fraud defence system for lenders. The deal, which closed last week, includes Lenders API’s technology, customers and data, though financial terms were undisclosed.
BetaKit (Canada)
Deals•Feb 4, 2026
Vena Solutions to Acquire Acterys, Expanding Orchestrated Financial Planning
Toronto-based Vena Solutions announced it has signed a definitive agreement to acquire Australian FP&A platform Acterys. The cash‑and‑stock transaction, terms undisclosed, will combine Vena’s Excel‑native software with Acterys’ operational planning and Power BI integration to expand its orchestrated financial planning capabilities....
BetaKit (Canada)
Deals•Feb 3, 2026
ESAB to Acquire Eddyfi for $1.45B
Maryland‑based welding equipment maker ESAB announced an agreement to acquire Quebec‑based non‑destructive testing provider Eddyfi for $1.45 billion. The deal, funded with cash, debt and equity, will keep Eddyfi’s workforce and headquarters in Québec City and is expected to close in...
BetaKit (Canada)
Deals•Feb 2, 2026
Transformer Lab Raises Undisclosed Pre‑seed Round From Hawktail, Ripple Ventures and Garage Capital
Canadian AI platform Transformer Lab announced a pre‑seed fundraising round led by Hawktail, Ripple Ventures and Garage Capital, though the amount was undisclosed. The funding will support the platform’s worldwide launch and further development of its unified AI research operating...
BetaKit (Canada)
Deals•Feb 2, 2026
Slate Raises $1.3M CAD Pre‑seed Round Led by N49P and North Exit Ventures
Canadian fintech startup Slate announced a $1.3 million CAD pre‑seed financing round led by N49P and North Exit Ventures. The funding will support Slate’s embedded lending infrastructure for Canadian SaaS platforms. Slate launched out of stealth in early 2026.
BetaKit (Canada)