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Startups raising funds in Canada on 25 August 2024

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A blog sponsored by the fund-raising expert WINVESTY Fundraiser.

Even during the summer holidays, the world of startups and innovation is still buzzing! Find out which startup fundraisers in the US and Canada were not to be missed between 19 and 25 August 2024. This week, it was Canada that did the best deals!

Reminder: this article is sponsored by our partner WINVESTY. Are you looking for a Professional Fundraiser for your start-up or SME? Find out more about its WINVESTY Fundraiser programme.

MKB (MKB Cleantech Fund) - Canada - fundraising of 145 million Canadian dollars

Country of origin : Canada

Name of directors : Michel Labrousse (Senior partner at MKB)

Exercise amount 145 million (CAD) for the third cleantech fund

Maturity of the company Venture capital fund (not a start-up but an investment fund)

Domain : Cleantech / Sustainable investment

MKB is a Canadian venture capital fund specialising in clean technologies. This fund is mainly financed by government agencies to support start-ups focused on sustainable solutions.

Borealis Biosciences - Canada - fundraising of 202 million Canadian dollars

Country of origin : Canada

Name of directors The names of the directors are not specified in the article, but the investors include Novartis and Versant Ventures.

Exercise amount 202 million (CAD)

Maturity of the company : Pre-IPO (advanced stage, unspecified but beyond Series B)

Domain : Biotechnology

Borealis Biosciences is a Canadian biotech company that recently came out of hiding with substantial funding from Novartis and Versant Ventures to develop its bioscience technologies.

Nuclear Power Venture (by the co-founders of Humi) - Canada - raised $27 million

Country of origin : Canada

Name of directorsThe specific names are not mentioned, but the co-founders of Humi are Kevin Kliman, Jackson Gates, Simon Bourgeoisand Drew McGuire.

Exercise amount 27 million dollars (USD)

Maturity of the company : Series A

Domain : Nuclear energy

This company is a new initiative by the co-founders of Humi, focusing on nuclear energy, with the aim of developing advanced technologies for the production of clean energy.

TMRW (by the founders of Knox Custody) - Canada - fundraising of CAD 1.8 million

Country of origin : Canada

Name of directors : Ethan Wilding (Co-founder of Knox Custody and TMRW)

Exercise amount 1.8 million (CAD)

Maturity of the company : Seed

Domain : Cryptocurrency / Cross-border payments

TMRW is a Canadian start-up founded by the creators of Knox Custody, specialising in cross-border payments in Bitcoin, aimed at facilitating global transactions via the cryptocurrency.

YouSet - Canada - fundraising of CAD 3.5 million

Country of origin : Canada

Name of directors : Martin Lafrance (Founder and CEO)

Exercise amount 3.5 million (CAD)

Maturity of the company : Seed

Domain : Insurtech

YouSet is a Canadian insurtech startup that simplifies the process of buying insurance online, offering a digital platform for comparing and purchasing insurance policies quickly and efficiently.

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