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e-Zinc, the company enabling sustainable, long-duration energy storage with its zinc-air battery has raised an additional USD $31 million in follow-on funding to its $25 million Series A round. This oversubscribed Series A2 round was led by Evok Innovations, with additional investments from Mitsubishi Heavy Industries, Export Development Canada (EDC), and Ultratech Capital Partners. e-Zinc’s existing shareholders also participated, including Toyota Ventures, Eni Next, Anzu Partners, BDC, and Graphite Ventures. e-Zinc plans to use this financing to accelerate product development and complete the construction of its 42,000 sq. ft pilot manufacturing facility in Mississauga, Ontario.

[Funding News] Canada-based e-Zinc Secures USD $31M in Series A2 Funding

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nesto Acquires CMLS Group to Build Canada’s Mortgage Ecosystem of the Future

nesto Acquires CMLS Group to Build Canada’s Mortgage Ecosystem of the...

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FLO, a leading North American electric vehicle (EV) charging network operator and smart charging solutions provider, secures $136million in funding, principally from a Series E equity financing, led by Export Development Canada (EDC), to support the company’s continued growth in both the U.S. and Canada and accelerate the deployment of its reliable charging network.

[Funding News] Canada-based Flo Secures $136Million in Funding

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Kardium Inc., the developer of the Globe® Mapping and Ablation System for the treatment of atrial fibrillation, secures $104million in new funding.

[Funding News] Canada-based Kardium Inc Secures $104Million in New Funding

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Sweden-based IFS, provider of cloud and Industrial AI software, acquired Copperleaf Technologies Inc., a Vancouver British Columbia, Canada-based provider of decision analytics software for asset-intensive industries.

IFS Acquired Copperleaf Technologies Inc

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Motion Gestures, a company which specializes in AI software for hand tracking and gesture recognition use cases with 3rd party cameras, secures $2million in pre-A round funding.

[Funding News] Canada-based Motion Gestures Secures $2Million in Pre-A Round Funding

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Essential Turbines Inc., a provider of maintenance, repair and overhaul (“MRO”) services for aircraft engines, secures investment from Balance Point Capital.

[Funding News] Canada-based Essential Turbines Secures Investment from Balance Point Capital

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Alexi, a Legaltech company and leader in generative AI for legal research and litigation tasks, secures $11million in series A round funding.

[Funding News] Canada-based Alexi Secures $11Million in Series A Round Funding

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Triple Hair Group, a company which specializes in the development of innovative treatments for androgenic alopecia, secures $4million in funding.

[Funding News] Canada-based Triple Hair Group Secures $4Million in Funding

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NexGami , a Web3 gaming platform secures $2.5million in seed funding. In addition to KuCoin Ventures, HTX Ventures, Gate Labs, Ledger Capital, Tide Group, OIG, XT.com, Lbank, Kekkai, IBC Group, and angel groups, Metalpha led the round.

[Funding News] Canada-based NexGami Secures $2.5Million in Seed Funding

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