Hi everyone,
It was a week of major moves across BC tech. Local startups landed eight-figure raises, from AI-powered factory vision to robotic mushroom harvesting. Yaletown Partners closed $100 million toward its new $250 million growth fund, pushing its active capital under management to $600 million. Meanwhile, Databricks opened a Vancouver office, TELUS struck a billion-dollar deal, and a new report signaled a shift in investor mindset. If you’re wondering where the market’s headed—this week offered some strong clues.
Plus: Join us August 27 for an honest founder conversation about burnout, balance, and building with purpose.
More below.
From The Journal
New fund pushes firm’s active capital under management to $600M.
Funding fuels expansion as demand surges for mushroom-picking robots.
How founders, investors, and policymakers are rewriting the rules for growth in BC’s tech sector.
4 signs you’re ready for a new space How to know when it’s time for a move.
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Funding, Deals & More
EarthDaily secures $60M in new financing: Geospatial data and Earth observation company EarthDaily Analytics has raised $60 million from Trinity Capital. The funding will support continued development of the company’s space and analytics platforms.
Read more →Apera AI raises Series A to accelerate factory vision: Vancouver-based Apera AI, which builds 4D vision systems for robotic automation, has raised a Series A round to expand operations and support growth in industrial robotics.
Read more →NDAX and MeetAmi launch digital asset wealth solution: Crypto firms NDAX and MeetAmi have introduced Canada’s first digital asset wealth solution, aimed at portfolio managers and advisors interested in offering crypto to high-net-worth clients.
Read more →TELUS sells $1.26B stake in cell towers to CDPQ: TELUS is selling a 49% stake in its cell tower business to Caisse de dépôt et placement du Québec (CDPQ) for $1.26 billion. The deal comes as the telecom reports a year-over-year decline in Q2 profits.
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In Other News
Databricks opens Vancouver development center: Databricks has announced a new Vancouver-based development center. The company, known for its data and AI platform, will tap local tech talent as part of its broader global expansion.
Read more →UnlockLand selected for Saudi Vision 2030 housing initiative: Vancouver-based AI startup UnlockLand will support Saudi Arabia’s Vision 2030 smart housing goals by helping optimize housing development and land use through its platform.
Read more →YVR tests AI sensor tech via Innovate BC’s Marketplace: Vancouver International Airport (YVR) has deployed a new AI-powered sensor system through the Innovate BC Integrated Marketplace. The pilot is designed to improve passenger experience by monitoring curbside congestion.
Read more →B.C. small businesses find traction on TikTok: From hand-sewn accessories to skincare brands, B.C.-based small businesses are increasingly using TikTok to grow their customer base and expand globally.
Read more →
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