News

Infinitum Electric of Austin, Texas, raises $40m in Series C funding to scale production of its ultra-high-efficiency, lightweight motors for electrical vehicles.

Soon after it raised a seed round, data integration-focused company Airbyte raises more than $25m in a Series A round.

First-time VC investors took a hit amid covid-19 lockdowns, but the re-opening of much of the economy this summer is expected to result in more face-to-face meetings with LPs, according to placement agent Kelly DePonte of Probitas Partners.

Toronto-based Xanadu, a photonic quantum computing company, has secured $100 million in a Series B financing.

7shifts, a Saskatoon-based provider of employee scheduling and management software for the restaurant industry, has raised $21.5 million in a Series B financing.

Venture capital investing in Canadian technology companies was strong out of the gate in Q1 2021, according to a report issued this week by the Canadian Venture Capital and Private Equity Association.

Houston-based MacroFab raises $15m in a growth led by Edison Partners and including Altium Limited.

The fundraise is part of total capital commitments of $1.5bn across the most recent series in the firm's family of funds.

Backers included Mindset Ventures. The San Francisco company provides fintech services for fertility-related services and last raised $10m in late 2018.