Updates from our portfolio companies

Insurtech AI startup ProNavigator closes $2 million seed round

Waterloo-based creator of virtual assistants for insurance, ProNavigator, recently closed its latest seed round of equity financing, announcing more than $2 million in total funding.

EDC invests $1 million in Waterloo’s P & P Optica

Export Development Canada has invested $1 million in a Waterloo company that uses imaging and machine learning to assess the composition and quality of food.

NFL announces winners of 1st and Future presented by Arrow Electronics

TopSpin takes the top prize of 1st and Future, the NFL's annual Super Bowl competition designed to spur innovation in player health, safety and performance.

FedDev invests $615,000 in Canadian start-up assisting first responders

Ottawa-based startup Advance Property eXposure Canada Inc. (APX) is receiving $615,000 in funding from FedDev Ontario, one of the federal government’s regional development agencies to help it commercialize its technology focused on helping first responders.

Waterloo’s Aeryon Labs acquired by Flir Systems for $265 million CAD

Aeryon Labs Inc., a developer of unmanned aerial systems (UAS) has been bought by FLIR Systems Inc. for $265 million CAD. FLIR Systems specializes in developing sensor systems with thermal imaging for security and surveillance.

Lightspeed acquired ReUp, rebrands it to Lightspeed Loyalty

Cloud-based point of sale system Lightspeed has announced Lightspeed Loyalty, its new platform for customer engagement. The technology comes via the company’s acquisition of Toronto-based ReUp, a digital platform that allows business owners to build a branded loyalty program.

2018 Nokia Open Innovation Challenge – and the winner is?

AOMS Technologies ties for second place for its fiber optic sensing technology and monitoring platform for Industrial IoT.

20/20 Armor Announces Funding for a total of $1.2M

20/20 Armor, the company transforming martial arts into a mainstream professional sport, announced the closing of yet another successful investment round by the Adidas family through LeAD Sports.

Sensibill wins Best Tech Workplace for Diversity in Toronto

Sensibill took home the award for Best Tech Workplace for Diversity at the 3rd annual Toronto Timmy Awards. The Timmy Awards recognize technology companies with leading workplace cultures in 10 different cities across North America.