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Inovia Capital closes $200M first tranche for AI-native venture fund VI
The multi-stage VC fund is targeting AI-native startups and emerging frontier technologies across North America and Europe.
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Payments Canada launches national Real-Time Rail; Wealthsimple plans instant payments for 2027
Though the infrastructure is operational now, participants like Wealthsimple must complete internal rollouts before delivering customer-facing features.
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Payments Canada launches Real-Time Rail with eight institutions, excluding Big Six banks
The initial Phase 1 rollout includes FinTechs like Wealthsimple and Koho alongside smaller financial entities, establishing a competitive payment rail without incumbent bank participation.
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Panache Ventures reports Canadian startup creation rises while pre-seed funding rates decline
Despite an increase in new tech formations across Canada, Panache Ventures notes that the lower pre-seed investment rate signals potential future constraints on growth-stage companies.
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Wealthsimple Launches AI Assistant Amid Canadian Banking Agent Restrictions
The firm's new AI tool is a strategic response to increased limitations placed on third-party financial agents by major Canadian banks.
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Calgary's NanoTess Delivers Catalytic Gel for Ukrainian Frontline Wounds
The topical gel is being deployed through international partnerships and drone delivery to address complex blast wounds in conflict zones.
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Anthropic leases $10B Nova Scotia data centre, commits to responsible development principles
The long-term lease signals a major Canadian compute capacity buildout while requiring the project to adhere to voluntary environmental standards.
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Kardium opens Globe registry to track outcomes after commercial launch
The company reports first enrollment at a Washington hospital, beginning planned follow-up of up to 500 patients across U.S. and Canadian sites without publishing registry outcomes yet.
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