Ontario invests $56 million to power “homegrown” automotive and mobility companies amid trade war
Provincial government wants domestic companies to play global roles in electric and autonomous vehicles.
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OpenAI’s U-turn, XPrize’s Canadian hub, and Vancouver isn’t so Bitcoin-friendly
Test your knowledge of Canadian tech news with The BetaKit Quiz for May 9, 2025.
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Anges Québec looks to expedite early-stage rounds with co-investment angel fund
Elevia Fund plans to deploy between $1 million to $3 million every year across eight to 10 startups.
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Age-Well partners with Ikea, U of T to launch studio for testing tech for seniors
Startups, researchers, and investors plan to work together on tech for at-home aging.
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D-Wave remains in the red even as revenue jumps 500 percent in Q1
The Canadian-founded quantum firm’s record sum came from delivering a system to a key customer.
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Amilia raises $35 million led by Vertu Capital to help more community centres manage operations
Management and payments platform supports 6,600 recreation facilities across North America, including the YMCA.
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Shopify posts solid Q1 2025 earnings amid trade war but anticipates slight profit dip
CFO says closing of de minimis exemption for Chinese goods not expected to have short-term “meaningful impact.”
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Where FreshBooks gets its best product ideas
Forums like Customer Experience Week help the company listen closely, and build accordingly.
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Active Impact Investments holds $110-million final close for third climate tech seed fund
Managing partner says firm chose to execute strategy over extending fundraise to hit original $120 million target.
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Unblocked raises $27.5 million Series A to make sure developers actually understand their code
Unblocked looks to bridge the knowledge gap as AI-generated code becomes commonplace.
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Propel has a record first quarter while Thinkific sees modest gains
The FinTech and edtech companies told two very different tales with their earnings.
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Outgoing Velocity incubator head Adrien Côté is bullish on Waterloo’s tech future
Velocity’s interim director says the university’s emerging startup community is “growing exponentially.”
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Vancouver byelection result threatens mayor’s “Bitcoin-friendly city” brand
After a recent byelection loss, does Mayor Ken Sim still consider Bitcoin a “hill worth dying on?”
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University of Calgary becomes XPrize Foundation’s first international hub
Alberta and Calgary governments each gave $1.5 million to the initiative.
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CEO Don Murray says Safe Software’s new features will help replace enterprise SaaS with AI agents
The 30-year-old data workflow platform is set to hit centaur status this year on the back of new AI features.
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OpenText makes AI “number-one priority” as company slashes 1,600 jobs
Enterprise software giant detailed 10-point AI mandate in internal email to employees.
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Exterra secures $20-million Series A to turn mining byproducts into decarbonization gold
Cleantech company hopes to open Québec asbestos mitigation plant by 2027.
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Fireside chat with Clio execs among more than 60 activities at Vancouver Startup Week 2025
Wide variety of programs hope to prep local entrepreneurs to get the most out of Web Summit Vancouver.
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General Fusion lays off staff, looks for funding as capital suddenly runs dry
Trade tensions and hesitant investors threw the company into uncertainty.
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Shakepay becomes first crypto company granted Payments Canada membership
Milestone gives Shakepay access to core payments infrastructure and a seat at the table “to demand for change.”
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