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Canadian Tech Weekly #09: Toronto Homecoming + AI Buddy

Another exciting week in Canada's vibrant tech ecosystem!

Author

Feranmi Akeredolu
June 07, 2025 • Estimated Reading Time: 5 minutes

🌟 Editor's Note

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

🗓️ Upcoming Events

Founder x Funder: A Fireside Chat

Join YSpace and RBCx for an exclusive fireside chat that brings together both sides of the venture table.

Toronto Tech Week 2025: Homecoming

Join 1,000+ of Canada's top builders from around the world as we mark the week with the energy, focus, and momentum it deserves.

🚀 Deals, Deals, Deals

  • FISPAN, a Vancouver-based embedded banking startup, closed a $30 million USD ($41 million CAD) Series B round led by Canapi Ventures.

  • AMD has acquired the team behind Toronto-based AI chip startup Untether AI; financial terms were not disclosed.

  • Portless, a Toronto-based shipping logistics startup, raised $24.7 million CAD ($18 million USD) in a Series A round led by Commerce Ventures

  • Rails, a Canadian-founded, Miami-headquartered crypto exchange, secured $14 million USD through a token warrant sale to launch its hybrid trading platform; the round was led by Slow Ventures.

  • Eavor, a Calgary-based cleantech company, received a commitment of at least $89 million CAD from the Canada Growth Fund, with an additional $48 million CAD contingent on milestone achievements.

  • WareMatch, a Montréal-based 3PL marketplace, raised $2 million CAD in a SAFE round led by Fit Ventures.

  • Fisent Technologies, a Toronto-based GenAI process automation company, extended its seed funding to a total of $2 million USD, with new investment from Cloudberry Pioneer Investments.

  • MDBriefCase, a Toronto-based medical education provider, acquired Postcall, a newsletter service for physicians; financial details were not disclosed.

  • ProteinQure, a Toronto-based computational protein design company, closed an $11 million CAD Series A financing round.

🦄 Startup Spotlight

Budgety: AI-Powered Personal Finance Buddy

Budgety is a Vancouver-based fintech startup aiming to transform personal finance management for Canadians. By integrating AI-driven insights with user-friendly budgeting tools, Budgety offers a comprehensive platform to help individuals track expenses, manage budgets, and achieve financial goals with ease.

The Backstory: Founded in 2023 by Chisom Ezeh, Budgety was conceived to make budgeting more accessible and engaging. Drawing from her passion for financial literacy, Chisom developed an app that combines intuitive functionality with a user-friendly interface to encourage better financial habits among users.

What It Does: Budgety simplifies personal finance by offering a suite of smart, user-friendly tools. Users can securely sync their Canadian bank accounts to track transactions in real-time, manage budgets across multiple currencies, and automatically record recurring expenses. At the core of the experience is Buddy AI, an integrated financial assistant that provides conversational insights, helping users understand their spending habits and make better financial decisions.

Funding: As of June 2025, Budgety has not publicly disclosed any external funding rounds. The company has focused on organic growth, leveraging user feedback to refine its offerings and expand its user base.

🔥 In Case You Missed It…

News Roundup:

 📚️ Worth Reading/Watching

Till next time,