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...
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 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.
Fiserv to acquire Toronto-based Payfare, which lets gig workers on platforms like Uber access their wages early, for $140M, expected to close in H1 2025
U.S. fintech firm Fiserv (FI.N) will buy Canada's Payfare (PAY.TO) in a C$201.5 million ($140 million) deal as it looks …
Toronto-based Spellbook, which offers an AI-powered contract drafting and review tool for lawyers, raised a $20M Series A led by Inovia Capital
Sara Merken / Reuters :
Toronto-based ContactMonkey, which offers an internal communications tool that integrates with Outlook, Gmail, and more, raised a $55M Series A led by Updata
Kyle Wiggers / TechCrunch :
Sources: Toronto-based NLP and chatbot startup Cohere is close to securing $250M from backers including Nvidia and Salesforce at a ~$2B post-money valuation
George Hammond / Financial Times :
Toronto-based Hut 8 Mining plans to merge with Miami-based US Bitcoin Corp, creating Hut 8 Corp, a crypto mining giant in North America with a ~$990M market cap
Mehnaz Yasmin / Reuters :
Toronto-based Smile CDR, which offers services for health and clinical data interoperability, raised a ~$30M Series B led by UPMC Enterprises and others
LinkedIn posts indicate Smile Digital Health quietly let people go last year. — Toronto-based health data company Smile CDR …