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Toronto-based childcare centre software provider HiMama has raised $70-million, led by Bain Capital’s Double Impact Fund. Congratulations to Co-Founders Alana Frome (C100 Member) and Ron Spreeuwenberg as well as the entire HiMama team! | Globe & Mail
Patrick Pichette, Chairman of the Board at Twitter and Partner at Inovia Capital (and C100 Charter Member), shares his top four tips for founders seeking funding. | Business Insider
️ Congratulations to Waterloo-based EnPowered on announcing $12.75M in seed financing! EnPowered is a bill payment platform for the energy industry. Congratulations to Founder & CEO, Tomas van Stee (C100 Fellow), and the entire EnPowered team! Betakit
John Megrue Jr., the previous co-chairman of Bridgewater Associates, one of the world’s largest hedge funds, has joined Radical Ventures (proud C100 Corporate Member) as Vice-Chairman and Partner after advising the firm for more than a year. | Globe and Mail
Toronto-based SMB card issuer Float Financial Solutions has raised $30-million, led by Tiger Global Management, five months following the startup’s $2.8-million seed round.
Winnipeg-based Neo Financial, led by Co-Founders Andrew Chau (C100 Fellow), Jeff Adamson and Kris Read, has received a $1.6-million grant via the Government of Manitoba’s Industry Expansion program. This funding is expected to provide skills training for 300 new employees in the company’s downtown Winnipeg-based HQ.
Amazon plans to open its second Canadian cloud-computing server hub, opening in Calgary by late 2023. Ground has officially broken and construction is underway, bringing billions of dollars of investment to the region. | Globe and Mail
Toronto has been ranked the number one market for high-tech job growth. Growing at 26%, the city beat out Seattle, Vancouver, and New York in the annual CBRE Tech-30 report. The real estate group ranks the 30 leading tech markets in the US and Canada. Toronto added more high-tech jobs in the last two years (40,000) than the rest of the top-30. Read more from Radical Ventures (C100 Corporate Member) on what makes Toronto attractive to top global talent in AI.
Toronto-based online used car sales startup Clutch (48Hrs 2020 Alumnus), has raised $100-million Series B, led by D1 Capital Partners, marking the 38th nine-figure private funding of 2021 by a Canadian company, according to Refinitiv, and the latest Canadian company to raise twice within a year. Congratulations to Co-Founders, Dan Park and Steve Seibel, and the entire Clutch team on the latest round! | Globe and Mail
TWEET OF THE WEEK | “Soooo the moose in Saskatoon just broke through the window at Sylvia Fedoruk school. No one was hurt. Kids are fine. What a morning. #yxe” – @patduboi