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Ontario Teachers' facing losses from crypto exchange collapse, Caisse financing Quebec EV manufacturer

The Ontario Teachers’ Pension Plan is facing losses from an investment in a cryptocurrency exchange that filed for bankruptcy on Nov. 11. The pension fund invested a total of US$95 million in FTX International, a Bahamas-based exchange, which was valued at US$32 billion in 2021. In October 2021, the Ontario Teachers’ invested US$75 million in FTX, followed by […]
Marc Cromier Lion Electric Co Ontario Teacher Finalta Capital

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OKR Financial launches $150 million fund to help early-stage startups access funding, loans, grants

OKR Financial launches $150 million fund to help early-stage startups access funding, loans, grants Calgary-based debt and financing advisor OKR Financial has launched a $150 million fund aimed to support early-stage technology startups in Canada in accessing funding, loans, and grants. “We are excited to deploy this $150 million to see more companies grow, scale and exit.” The fund will specifically help companies looking to take advantage of SR&ED Tax Credits, asset-based...
Bhavik Chauhan Canada Revenue Agency Ayming Canada Vancouver Based Boast Finalta Capital Axis Labs

Boast.ai secures $100 million credit facility to build Clearbanc for R&D tax credits

Boast.ai secures $100 million credit facility to build Clearbanc for R&D tax credits Boast.ai has secured a $100 million credit facility to provide companies with up-front loans for their government research and development (R&D) tax credits. The non-dilutive loans are reminiscent of the monthly recurring revenue (MRR) financing model used by companies like Clearbanc, and see Boast.ai expanding beyond its main business, an automated platform for claiming R&D tax credits in the U...
United States United Kingdom British Columbia Alex Popa Lloyed Lobo Douglas Monticciolo

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