The Toronto-based chipmaker is seeking a valuation of US$4.5 billion and plans to open a research centre in Cambridge as part of its move to the U.K. Alphawave specializes in technology that is used to send data over wired networks and makes money by licensing its intellectual property to chip manufacturers. (The Logic)
A new Alberta Enterprise Corporation report shows the province now has 3,083 tech companies, up from 1,238 in 2018 and just 927 tech firms in 2012. Fifty-eight per cent of firms were based in Calgary and 30 per cent were in Edmonton. The study found that almost 40 per ent of startups had at least $1 million in annual revenue, up 66 per cent from 2018, and almost a quarter of firms had raised a Series A or later financing round. (The Logic)
The Vancouver-based online-course platform said it will price about 12.3 million shares at $13 each, raising total gross proceeds of roughly $160 million. It initially expected to price shares at between $11 and $13 each. (The Logic)
The early-stage fund, launched by several female Shopify executives and alumni, participated in a $1.7-million round for the Toronto-based startup. Heirlume’s AI-powered platform searches and registers for trademarks. Other investors in the round included Future Capital and MaRS IAF. (The Logic)
The majority of Canadian Pacific shareholders—85.36 per cent—voted in favour of a shareholder resolution calling for the company to disclose carbon emissions and set a plan on improving its climate impact. (The Logic)
The edtech startup has closed its Series D round with investments from Kaplan, ABS Capital Partners, NewSpring and Osage Venture Partners, in addition to the Ontario pension fund’s growth equity arm. (The Logic)
The Glasgow Financial Alliance for Net Zero (GFANZ) brings together insurers, banks and fund managers with combined assets of US$70 trillion. Signatories to the initiative pledge to set and disclose interim emissions targets for 2030 or sooner, and long-term goals to reach net-zero emissions by 2050. (The Logic)
Rogers said its revenue grew two per cent to about $3.5 billion in the first quarter as it added 44,000 net new wireless subscribers. The telecommunications company’s profit rose three per cent to $361 million. (The Logic)
Two city councillors have brought a motion to bring the race weekend of the all-electric version of Formula One, as well as a climate-change and sustainability conference, and musical and cultural events to the city in July 2022. (Vancouver Sun)
The CI Galaxy Ethereum exchange-traded fund led its competitors from Purpose Investments and Evolve in trading volume, with about 275,000 shares exchanged when markets closed Tuesday. (The Logic)