This Week's Most Popular Stories & Deals

Thanks for reading About That, a weekly column where I break down the biggest tech stories in Canada this week. If you like what you see, I encourage you to subscribe here.

Latest Deals

• FreshBooks, a Toronto-based accounting software company, secured CAD $179 million in debt financing from Morgan Stanley.

• Phoenix, a Toronto-based digital health clinic for men, raised CAD $50 million in Series A funding.

• Ownright, a Toronto-based digital real estate law service formerly known as Doormat, raised CAD $4.5 million in seed funding led by Alate and Relay Ventures.

• CoLab, a St. John’s, Newfoundland-based engineering design software company, raised CAD $5.6 million in funding from Hibernia and Hebron Projects.

• RetinaLogik, a Calgary-based eye care company, raised CAD $1.1 million.

• Quack, a Calgary-based startup developing a cold-calling platform for SMBs, raised CAD $500,000 in pre-seed funding led by Metiquity Ventures.

• Page, a Kitchener-Waterloo-based AI-powered government relations platform, raised CAD $4.1 million in seed funding led by Twelve Below.

• Summit Nanotech, a Calgary-based lithium extraction startup, raised CAD $36.5 million in funding led by Evok Innovations and BDC Capital’s Climate Tech Fund

News

• The Government of Canada invested CAD $36.6 million through the Strategic Innovation Fund to support five technology networks across agtech, cleantech, life sciences, and mining,

• Canada Post, in partnership with Toronto-based fintech KOHO, has launched the MyMoney Account, a new banking solution aimed at providing Canadians with easier access to everyday financial services.

• Canadians will head to the polls on April 28 following a snap election call by Prime Minister Mark Carney, who will run as the Liberal candidate in the Ottawa riding of Nepean, marking the shortest campaign period allowed under Canadian law.

• Hudson’s Bay is expected to begin liquidation sales on Monday, pending court approval, marking a significant step in the historic retailer’s wind-down process.

Resources

• Keep more of your dollars invested with these 4 tax perks: Dale Jackson

• An Opinionated Guide on Which AI Model to Use in 2025

• The AI agent market map

About That

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