Category Archives: Raised Money

Montreal Startup TickSmith, Big Data for Finance, raises $2m

Montreal firm, TickSmith,  with about 16 employees that specializes in in Big Data applications for Capital Markets and financial services, has raised $2m Canadian. TickVault is a comprehensive software platform that leverages Hadoop and is highly scalable Its various modules include ETLs, business logic, analytics, workflow, process monitoring and data delivery. Trading groups typically use it … Continue reading Montreal Startup TickSmith, Big Data for Finance, raises $2m

Toronto Travel Website SnapTravel Raises $10M Series A

SnapTravel announced today an $8M USD Series A round led by iNovia Capital. SnapTravel allows users to find and book the perfect hotel room over SMS and Facebook Messenger. Financing was provided by iNovia Capital as well as Lightbank, Bee Partners, and Hedgewood. What is Snap Travel? SnapTravel gives you access to great hotel deals over … Continue reading Toronto Travel Website SnapTravel Raises $10M Series A

Toronto Financial Tech Borrowell Secures $12m in Funding

Borrowell raised $12m Canadian in funding , this is on top of $4.2m they have already received. Financing was provided by Portag3 Ventures LP, Equitable Bank and White Star Capital, with participation by FirstOntario Credit Union among others. Borrowell is a Canadian fintech lender that offers fast, fair, and friendly personal loans, and credit scores … Continue reading Toronto Financial Tech Borrowell Secures $12m in Funding

Montreal Element AI raises $140m Canadian, largest AI Series A round

Element AI, an artificial intelligence company that delivers groundbreaking AI solutions, announced today it has raised $102M USD, representing the largest Series A funding round for an artificial intelligence company in history. Element AI is an artificial intelligence solutions provider that gives organizations unparalleled access to cutting-edge technology. Bringing together the best in entrepreneurship, technology … Continue reading Montreal Element AI raises $140m Canadian, largest AI Series A round

Nymi, Toronto wearable band company, raises $20m Canadian

Nymi raised its $15m USD series B round from  investor GII Tech from Dubai, with participation from existing investors Relay Ventures and Ignition Partners. This is on top of their Series A of $14m USD, making a total of $29m USD to date. Nymi founder and CEO, Karl Martin said:  “This is an important milestone for … Continue reading Nymi, Toronto wearable band company, raises $20m Canadian

Airy3D, Montreal 3D vision startup, raises $4.6m Canadian

Airy3D raised money from CRCM Ventures and R7 Partners with participation from WI Harper Group, Robert Bosch Venture Capital, Nautilus Venture Partners and angel investors affiliates of TandemLaunch, the Montreal-based incubator that spun out Airy3D. Airy:3D provides a suite of passive depth recovery technologies that bring 3D machine vision to cameras. It serves entertainment, automotive, industrial, … Continue reading Airy3D, Montreal 3D vision startup, raises $4.6m Canadian

SkyX, Toronto drone charging startup, raises $5.2m Canadian

SkyX, based in Markham , Ontario, raised $5.4m from Chinese based technology group. Company is specializing in drone charging stations, so that drones can monitor vital objects like oil and gas pipelines. SkyX drones are half-helicopter, half-plane and built to fly long distances so that they can monitor vital objects. Skyx is targeting energy industry first. … Continue reading SkyX, Toronto drone charging startup, raises $5.2m Canadian