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U of T startups turn heads at virtual events around the world

Startup companies from the University of Toronto are racking up impressive performances at international pitch competitions – even as the pandemic forced the high-stakes events online.

Six cleantech founders share what helped them through the pandemic

Lab closures. Skittish investors. Cancelled conferences. During the first weeks of the pandemic, founders of early-stage startups had their hands full. But the lockdown also provided a rare opportunity: a chance to reflect and reassess their business plans. For the finalists in the Women in Cleantech Challenge this meant 16-hour days, raising seed rounds virtually, refining their … Read More

“We’re taking it to the next level”: U of T Scarborough alumnus on empowering African youth innovators through impact entrepreneurship

When Efosa Obano (BBA 2018, Strategic Management) talks about solving the problems he has witnessed firsthand in Africa, you quickly begin to realize there’s no challenge too big for him to take on.

SeamlessMD raises $4 million CAD Series A to meet increased demand for digital patient engagement due to COVID-19

Toronto healthtech startup SeamlessMD, which provides a cloud-based patient engagement app, has raised a $4 million CAD Series A round led by Montreal’s MEDTEQ+, a federally and provincially-funded Quebec non-profit that invests in medical technology.

Google reveals nine startups joining first cohort of Canadian accelerator

Google for Startups has revealed the nine startups joining the first cohort of its three-month, now-fully digital, Canadian accelerator program for early-stage tech ventures using machine learning or artificial intelligence (AI) in their business.

Atomwise raises $163 million CAD Series B

Atomwise, which operates an artificial intelligence (AI)-based drug discovery platform, has raised $163 million CAD ($123 million USD) in what it called an oversubscribed Series B financing round.

Enso Connect: How a student software startup fundraised during a pandemic

The U of T entrepreneurial ecosystem helped provide the tools that allowed Enso Connect to successfully attract investors to their short-term rental industry software startup. Almost a year since the Enso Connect journey started, in the midst of a global pandemic, we’ve managed to close our pre-seed funding round backed by the Creator Fund in … Read More

Platterz raises $43.8 million CAD Series B, rebrands to Thriver as company pivots post-pandemic

Toronto-based corporate catering startup Platterz has rebranded to Thriver following a $43.8 million CAD ($33 million USD) Series B round to support the company’s expansion into new verticals.

Digital Technology Supercluster invests $30 million in 17 projects through COVID-19 program

The British Columbia-based Digital Technology Supercluster has announced a cumulative investment of approximately $30 million into 17 projects through its COVID-19 program, launched in April to contribute to Canada’s Plan to Mobilize Industry to fight the pandemic.

YourTable: Give it back initiative with Tim Hortons Canada

ICUBE startup YourTable, co-founded by Peter Chien and Yvonne Ru, has developed an innovative solution to resolve this social and health related complication. Their idea is to connect people via food and, at the same time, provide people with networking opportunities which aims to promote physical, mental and social wellness within our society.