Sagard’s Portage co-led the round with New York-based Lerer Hippeau, with participation from Canadian investors Golden Ventures and Real Ventures, among others. Tilt will use the new funding to hire, to further develop its technology, and to build integrations with other fintech platforms. (The Logic)

Talking point: Tilt uses AI to let users create indices of public-market stocks based around investment themes, like clean transportation, personalized medicine or food security. It claims to optimize the taxes users pay by selling loss-making holdings and swapping them out with similar assets. Tilt also says it’s relatively cheap, with fees starting at three basis points (0.03 per cent), about half the cost of the average index mutual fund, per Charles Schwab. Founder Andrew Peek also started Delphia, a Toronto-based startup that offered an algorithmic investment advisor. In 2024 the U.S. Securities and Exchange Commission charged Delphia with “AI washing”; Peek called the regulator’s allegations “a marketing stunt.”