Led by former BMO chief information officer and longtime tech executive Claudette McGowan, Protexxa said the new investments and a previous $5-million round set a record for Canada’s largest venture capital raise by a sole Black female founder. (The Logic)

Talking point: Protexxa offers a platform for monitoring “cyber hygiene” in corporate environments—making sure individual employees don’t expose a company to attack with sloppy personal practices. Human errors and weaknesses are some of the hardest vulnerabilities for IT departments to deal with. New investors Bell Ventures, the VC arm of the telecom giant, and Sandpiper Ventures, which supports female founders, participated in the round. Returning backers included Export Development Canada, the Firehood Angels and BKR Capital (which backs Black tech founders).