Canada

Venture capital investing in Canadian technology companies in Q1 2021 reflected stronger values relative to trends last year, with C$3.1 billion deployed to 157 financings.

Power Corp has agreed to sell a portion of its stake in Wealthsimple, a Toronto-based provider of digital financial products.

Regina, Saskatchewan-based Precision AI, a computer vision and robotics company focused on sustainable farming practices, has raised C$20 million in financing.

Thentia, a Toronto-based software-as-a-service platform for the government technology sector, has collected $10 million in a Series A financing.

Canadian venture capital firm AVAC Group has launched a new C$15 million fund called Carrot Ventures Fund I.

Toronto-based Fluence Technologies, a provider of financial close and consolidation software for mid-sized businesses, has raised $10 million in a Series A financing.

Edmonton, Alberta-based smart lighting company G2V Optics has collected C$2.6 million in growth financing.

Calgary-based Kinetyx, a developer of in-shoe, sensor-based solutions for sports and performance applications, has raised $3.1 million in a seed-stage financing.

London, Ontario-based software startup interVal has raised C$1.5 million in a seed-stage financing.