Lyteflo's emergence represents a significant advancement in addressing these market inefficiencies. Their comprehensive EV intelligence platform introduces sophisticated solutions to longstanding industry challenges.
Lyteflo Closes $3 Million Seed Round to Revolutionize Electric Vehicle Sales
Lyteflo, a new electric vehicle (EV) merchandising solution, today announced $3 million in Seed funding.
Planetary offers a scalable, natural alternative to engineered carbon removal solutions by enhancing the ocean’s existing ability to absorb CO2. The ocean already absorbs 31% of global CO2 emissions, and by adding alkalinity, Planetary increases this capacity while neutralizing ocean acidity. The process, called Ocean Alkalinity Enhancement (OAE), stores carbon as stable salts within the marine ecosystem for thousands of years, making it a low-energy, cost-effective, durable solution. Early tests in controlled environments confirm successful CO2 removal, and ongoing open-ocean trials show no measurable negative impact on marine habitats.
ThinkLabs AI is a specialized AI development and deployment company focused on advanced engineering systems. With their flagship product, ThinkLabs Copilot, using proprietary physics-informed AI digital twins, ThinkLabs AI is well positioned to transform the way grids operate, rich of clean data and predictive power.
An additional five VCs from Vancouver, Toronto, and Montréal will receive portions of the $25 million commitment.
The Canadian government announced the second tranche of $25 million in VCCI funding to support underrepresented entrepreneurs, including women, Indigenous, Black, and 2SLGBTQI+ communities. This funding will benefit five venture capital firms, including Amplify Capital. Amplify Capital's managing partner, Kathryn Wortsman, highlighted that our focus remains on achieving strong financial returns alongside measurable impact.
ThinkLabs AI is developing a physics-informed digital twin model, supporting human operations by offering autonomous modeling and orchestration of the power grid. These insights enable power grid operators to connect power from renewable sources to the grid faster and more efficiently, alleviating grid connection queues.
ThinkLabs AI is a specialized AI development and deployment company focused on advanced engineering systems. With their flagship product, ThinkLabs Copilot, using proprietary physics-informed AI digital twins, ThinkLabs AI is well positioned to transform the way grids operate, rich of clean data and predictive power.
EarlyBird Education, developer of the EarlyBird game-based early literacy assessment, has raised $3.5 million in funding, led by venture capital firm Lobby Capital. In addition, David Hornik, founding partner at Lobby Capital and founder of the Lobby Conferences, will join the EarlyBird Education Board of Directors.
Toronto-based Amplify Capital has secured the final close for its second impact investment fund, raising a total $30.7 million CAD—exceeding its initial $30 million goal.
Founded in 2016 as the MaRS Catalyst Fund with a $5.8 million Fund I, Amplify rebranded and spun out of the MaRS Discovery District in 2019. Led by private equity veteran and Managing Partner Kathryn Wortsman, Amplify backs early-stage Canadian healthtech, edtech, and cleantech startups at the seed and Series A stages.
“We want to support traditional investors thinking about [that] double bottom line.”
-Kathryn Wortsman, Amplify
Based in Boston, EarlyBird is a literacy assessment tool that can screen for both dyslexia and literacy challenges in early childhood education when intervention is most effective. Developed by leading researchers at Harvard’s Boston Children’s Hospital and the Florida Center for Reading Research, the interactive app has contributed to the ability for educators to predict later reading success and point teachers towards appropriate interventions.
This year, the Company closed a $1.5 million USD Seed round to support the commercial launch of their product, with the participation of Amplify Capital, Flare Capital Partners, and the Massachusetts Institute of Technology (MIT) Solve Innovation Future.
“Despite an intense focus on reading for decades in U.S. schools, identification and intervention for struggling readers often comes too late, resulting in negative academic, social-emotional, and societal impacts. Our funding partners come from the worlds of education, health, and technology, and are keenly interested in transforming the way educators, parents, and physicians identify and support children at risk for reading difficulties.”
-Carla Small, co-founder and CEO of EarlyBird
It has been almost five years since our first investment from our Fund I. Since then, we have doubled the team size, achieved great social and environmental impact, invested in 16 companies, of which one exited, and reviewed over 1,200 investment opportunities. Building on the success from our Fund I, we have even bigger ambitions for our Fund II. It’s an exciting time for Amplify Capital.
This week, the European Commission released an anticipated first look into a long set of proposals, which will bring the continent closer to its European Green Deal objective of climate neutrality by 2050. This new set of proposals, titled Fit for 55, is nothing short of ambitious. It aims to reduce emissions by at least 55% by 2030 compared to 1990 levels.
A week ago, Canadians, border to border, celebrated or reflected on Canada Day. We hope your day was filled with maple syrup, Tim Hortons, and passionate discussions about the National Hockey League series. We wanted to highlight why Canada is not only a wonderful place to live, but also a wonderful place to invest.
Ditch Labs, a Montreal-based precision medicine company, is developing a new smoking cessation system and just completed a $1.3 million round of funding.
The Montreal-based startup closed a Seed round in May 2021 with the participation of Amplify Capital, Desjardins Capital, Boreal Ventures, Anges Québec, Formentera Capital, the Healthcare innovation arm of Symphony Care Network, along with renowned tech entrepreneurs such as Cherif Habib (CEO of Dialogue) and Simon de Beane (CEO of GSoft), among others.
“Part of the problem is that current smoking cessation products seek to treat a very complex addiction with a one-size-fits-all approach. Ditch is the first solution to adapt its treatment in real-time, based on craving intensity and behavioral feedback.”
— Laurent Laferriere, co-founder & CEO, Ditch Labs
“IMPACT-FOCUSED VENTURE CAPITAL IS PLAYING A GROWING ROLE IN DEVELOPING A MORE SUSTAINABLE AND EQUITABLE WORLD AND YIELDING TOP DECILE FINANCIAL RETURNS. AS WE COUNT DOWN TO COLLISION 2021, WE CAUGHT UP WITH AMPLIFY CAPITAL MANAGING PARTNER KATHRYN WORTSMAN TO TALK ABOUT HOW THE INDUSTRY HAS GROWN.”
Green Shield Acquires Inkblot Technologies, Canada's Fastest Growing Virtual Mental Health Platform
Amplify Capital invested in Inkblot Technologies in early 2019 as its first institutional investor. We joined the Board and continued to support the Company through to this acquisition. We’re excited to see Inkblot enter the next phase of growth in providing quality mental health therapy for all.
Read more about the acquisition in the source link.
