Toronto-based quantum computing company Xanadu says it will go public in the US and Canada via a SPAC, in a deal that values the combined business at ~$3.6B
Toronto-based quantum computing firm Xanadu has struck a deal to go public by merging with a special purpose acquisition company (SPAC) called Crane Harbor Acquisition Corp.
Lyft plans to open a new tech hub in Toronto in H2 2026 and acquires TBR Global Chauffeuring, a Glasgow-based luxury chauffeur services company, for £83M
Its Biggest Move Outside the U.S. Matthew Broersma / Silicon UK : Lyft To Open Toronto Tech Hub In International Growth Push LinkedIn: Rachel Goldstein : 🚀 Here we grow again—and we're doing it in Tor...
Toronto-based Spellbook, whose AI helps with legal contracts, raised $50M led by Khosla Ventures at a $350M valuation and says it has ~4,000 customers
Lizette Chapman / Bloomberg :
Toronto-based Cohere raised $500M led by Radical and Inovia at a $6.8B valuation, up from $5.5B in July 2024, and has doubled its ARR to $100M so far in 2025
Canadian group recruits ex-Uber and Meta executives and boosts valuation to $6.8bn — Artificial intelligence start-up Cohere …
Toronto-based Blue J, which provides AI-powered tax research software, raised a $122M Series D led by Oak HC/FT and Sapphire Ventures at a $300M+ valuation
Alex Riehl / BetaKit :
Sources: Toronto-based AI startup Cohere is seeking to raise $500M+ at a $5.5B+ valuation, after raising a $500M Series D at a $5.5B valuation in July 2024
Canadian group seeks valuation of up to $6.5bn but rivals have soared far higher in comparison — Roula Khalaf, Editor of the FT …
SignalFire: in 2024, Big Tech employment declined 1.6% in Austin and startup employment fell 4.9%; Dallas, Houston, Denver, and Toronto employment also declined
AI's centralization in Silicon Valley, Austin's fluctuating living costs, and in-office work requirements are driving the shift. [embedded post] LinkedIn: Isabelle Bousquette : “It's kind of dead.” ...
Robinhood acquires Toronto-based WonderFi, which owns Bitbuy, Coinsquare, and other crypto exchanges, for CA$250M, or CA$0.36 per share, set to close in H2 2025
After spending years gobbling up other Canadian cryptocurrency companies, Toronto-based WonderFi has agreed to be acquired by American trading platform Robinhood Markets.
Toronto-based Tailscale, which offers an enterprise mesh VPN service, raised $160M led by Accel, a source says at a $1.5B valuation, up from $1B in May 2022
our Series C and what's next
Toronto-based programmatic ad startup StackAdapt raised $235M led by Teachers' Venture Growth, after raising $300M from Summit Partners in June 2022
While the U.S. and Canada duke it out over tariffs between the two countries, a tech company based out of Toronto is announcing a major round of funding led by a homegrown VC.