January was another great month for Canadian tech startups.
Top stories came from Ontario and Quebec with Quebec Busbud raising $11m and Ontario Wattpad raising $51m among many others. Most investments were done in Ontario and Quebec. Time to wake up Alberta and British Columbia?
Either way, great seeing hundreds of millions dollars raised in January 2018. Good job guys!
List of all startups that raised money in January 2018 in Canada.
Are we missing any? Let us know.
CanvasPop, an Ottawa, Ontario / London England / Las Vegas startup, raised $3.3m.
The best way to print your memories as wall art, pillows, and magnets. Gallery quality canvas and photo paper. Get featured with #canvaspop.
Platterz, a Toronto, Ontario, raised US$15m
Platterz is an online platform for ordering catered food. We make it easy to order delicious food from Toronto’s best restaurants and caterers.
Bench, a Vancouver, British Columbia, raised $18m
Bench pairs you with a team of professional bookkeepers to do your bookkeeping, leaving you to run your business.
Nicoya Lifesciences, a Kitchener, Ontario, raised $2m
Nicoya Lifesciences is a nanotechnology company developing sensor products that will change the world of biotechnology, lifesciences, and healthcare.
Busbud, Montreal, Quebec, raised US$11m
Busbud is a worldwide bus and coach travel company that allows travellers to search, compare, and book intercity bus tickets.
Following our $14M announcement (thanks all the love & support, wow!), here is a peek into our vision to build/scale Busbud in years to come! 💡🚌 🌎 #longreads #bus #travel. Very thankful to all of our users, partners, investors & team. Go @Busbud! 🚀https://t.co/KDNVnzC6yZ
— LP Maurice (@lpmo) January 31, 2018
Mnubo, a Montreal, Quebec, raised $16.5m
Mnubo’s Internet of Things analytics solution enables manufacturers to analyze their data using out-of-the-box and artificial intelligence driven insights.
Drop, a Toronto, Ontario, raised $21m (USD)
Get cash rewards. Redeem your Drop points for gift cards when and where you want!
Vention, a Montreal, Quebec, raised a $3.5m CAD
Vention provides a fully-integrated 3D MachineBuilder™ and modular component library that let users design, order, and assemble custom industrial equipment machine directly from a web browser in just a few days.
Iris Automation, a Vancouver, British Columbia, and San Francisco, CA, raised $8m USD
Iris Automation is building an AI-based collision avoidance system for industrial drones
eStruxture Data Centers, Montreal, Quebec, got $180m in funding
eStruxture Data Centers Inc., a new network and cloud-neutral data center operator based in Montréal, announced the creation of its Canada-wide platform. It will serve the increasing demand for large, energy efficient data centers, driven by the adoption of cloud services and a move to store data within Canada.
Data Nerds, a Kelowna, British Columbia, raised $3m
Data Nerds provides the most extensive and accurate property, neighbourhood and crime data solutions for your businesses or apps.
Clover, a Toronto, Ontario, secured $7m
Clover is a dating app made by people who were generally tired of using dating apps. They saw them as little more than elaborate middle-men that often weren’t that effective.
Wattpad, a Toronto, Ontario, raised USD $51m
Wattpad is a community for readers and writers where one can discover new user-generated stories, spanning across different genres including classics, general fiction, historical fiction, non-fiction, poetry, spiritual, teen fiction among others.
Happy to announce that Wattpad has raised US$51M from Tencent, BDC, Globe and other partners to fuel our growth in ML, entertainment, publishing, interactive storytelling and many other areas. This will help make writers’ dreams come true! https://t.co/qPXxkTKRsS via @techcrunch
— Allen Lau (@allenlau) January 17, 2018
Anandia Laboratories Inc., a Vancouver, British Columbia startup, raised C$13.4m
Anandia is leading cannabis biotechnology and testing company.
Ratehub, a Toronto, Ontario, raised a $12m
Ratehub.ca is Canada’s leading financial product comparison website. Our education centres, tools, and calculators were designed to empower users to make smart financial decisions.
Mylo Financial Technologies Inc., Montreal, Quebec startup, secured CAD$2.5M
FinTech startup that offers a mobile personal finance platform to help Canadians achieve their financial goals.
Igloo Software, a Kitchener, Waterloo, Ontario, raised a CAD$60m growth equity investment
IGLOO Software is a Canadian-based company that develops online communities and social software for business.
Ulula, Toronto, Ontario startup, raised $1m
Ulula connects businesses, workers, communities and governments to de-risk operations and create value across global supply chains.
Inocucor, a Montreal, Quebec as well as Denver, Colorado startup, raised $9.5m
Inocucor produces high-performance specialty biological products that naturally improve crop yields and replenish soils.
Rubikloud Technologies Inc., a Toronto, Ontario AI startup, raised $37m
Rubikloud uses AI to help retailers transform their organization from the mass market into customer‑centric leaders.
Hive Blockchain Technologies, Vancouver, BC blockchain startup, secured C$65m
Hive is building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd., the world’s leading cryptocurrency mining hashrate provider, to build the next generation of blockchain infrastructure.
