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Canadian Tech Weekly #01: Deals & Doodles

Another exciting week in Canada's vibrant tech ecosystem!

Author

Feranmi Akeredolu
April 06, 2025 • Estimated Reading Time: 4 minutes

🌟 Editor's Note

This edition is packed with sharp insights, standout events, and stories straight from the frontlines of innovation.

🗓️ Upcoming Events

Calgary Founders Breakfast (Panache Ventures)

Founders, join Pat & Achintya from Panache Ventures for breakfast & coffee with special guest Tiffany Linke-Boyko from Flying Fish Ventures!

CodeLaunch Canada 2025 Startup Competition

Win at least $50,000 in investment capital, plus software and product development support and a CodeLaunch Championship Belt.

  • Applications Deadline: April 13, 2025

  • Apply: Application Link

  • Location: Toronto, ON

🚀 Deals, Deals, Deals

  • Ribbon, a Toronto, Canada-based provider of a voice AI recruitment platform, raised $8 million in funding. Radical Ventures led the round.

  • CGI, a Montreal, Canada-based IT and business consulting firm, agreed to acquire Apside, a Paris, France-based digital services company, to expand its European operations.

  • Semaphore Solutions, a Victoria, BC-based provider of LIMS and workflow solutions for genomics laboratories, received an additional investment from Cypress Ridge Capital to support growth and development.

  • VopeMed, a Toronto, Canada-based developer of a cloud-based surgical video analytics platform, raised CAD $2.29 million in pre-seed funding. FORM Capital led the round.

  • BioAlert, a Sherbrooke, Québec-based startup focused on detecting and managing harmful pathogens in water, raised CAD $2.5 million in funding.

  • Tiny, a Victoria, BC-based Canadian holding company, acquired a controlling stake in Serato, a New Zealand-based DJ software company, for CAD $94.5 million.

  • AdvancedAg, a biotech startup based in Canada, secured CAD $2 million in seed funding from Raven Indigenous Capital Partners.

Did You Know? Canada created the world's first internet search engine, Archie, back in 1990 at McGill University. It was developed by Alan Emtage, Bill Heelan, and Peter Deutsch.

🦄 Startup Spotlight

Blossom: The Social Network Where Investing Meets Influence

One of the fintech startups to watch as they're creating a transparent social network specifically designed for retail investors, allowing users to share, analyze, and discuss real-time investment decisions and results.

The Backstory: Founded in Vancouver during the pandemic by Maxwell Nicholson, Annika Ng, and Kartik Bhutani, Blossom was built to address the growing desire among retail investors for authentic, community-driven financial insights.

Key Innovation: Enables users to connect brokerage accounts, transparently showcase portfolios, follow others' trades, and gain insights directly from peers and financial influencers.

Funding: Raised nearly CAD $4 million from investors, including LOI Venture, Goodwater Capital, and Pareto Holdings, co-founded by Shutterstock’s Jon Oringer.

🔥 In Case You Missed It…

News Roundup:

 📚️ Worth Reading/Watching

Till next week,