Techopia Staff

Intouch Insight kickstarts $3.7M deal to acquire customer experience measurement firm

Talks to acquire unnamed company were put on hold early last year due to the pandemic.

DeCODE helping tech firms connect with remote talent

The growing acceptance of remote work is opening vast new talent pools for many businesses.

ProntoForms grows Q1 revenues, posts bigger net loss as it beefs up marketing efforts

Kanata firm reported revenues of $4.6 million for the three-month period ending March 31, up from $4.24 million a year earlier.

Ottawa software firm Leonovus posts tenfold rise in revenues in 2020

Struggling company brought in $327,000 last year, up from $32,000 in 2019.

Angel fund backed by Shopify execs chooses AI startup Heirlume for first investment

Backbone Angels is among the investors in T.O.-based firm's $1.7-million seed round. 

The Ottawa entrepreneur fixing volunteer board meetings

How Pat Crosscombe navigated the inevitable highs and lows of entrepreneurship while ensuring she and her team had fun along the way.

Thermal Energy sees steep drop in Q3 revenues amid stricter COVID protocols

Ottawa cleantech firm reported revenues of $3.7 million for the three-month period ending Feb. 28, down from $5.8 million a year earlier.

IBM to provide tech, training to Carleton University AI, data analytics students

Tech giant signs five-year deal to provide “joint research and educational initiatives” and become an adviser at university’s big data analytics hub.

Telesat seeks to raise US$500M in secured note offering

Ottawa-based firm says proceeds from the offering will help finance its multibillion-dollar low-Earth orbit satellite program.

Ottawa’s Thermal Energy beefs up U.S. manufacturing operations

Ottawa-based firm says new facility in Pennsylvania will help it meet growing demand for its technology that recycles wasted energy from boiler plant and steam operations.
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For Ottawa-based tech founders looking to raise capital, these are challenging days. The "valley of death," that precarious gap between initial startup and sustainable growth, appears to be widening. While early funding often comes from family and friends, angel investors play a critical role in bridging this gap. In Ottawa, the Capital Angel Network (CAN) has anchored the local angel investor ecosystem since 2010. Despite a downturn in venture capital nationally, CAN bucked the trend in 2025, recording its second-biggest year in history. With a membership that includes individual angels, venture capital firms, family offices, and accelerators, CAN invested approximately $8 million in 2025 alone. In this episode of Techopia Live, OBJ publisher Michael Curran speaks with Suzanne Grant, the executive director of the Capital Angel Network. They discuss: -- Deal Flow in 2025: Why CAN ranked as the number one angel group in Canada for the number of deals invested last year. -- The Impact of AI: How investors are looking for a "moat" in an increasingly crowded AI sector. -- Diversity: How CAN is leading the country with 37% women investors, helping to diversify the local deal flow. -- Noteworthy Investments: Recent support for local and regional innovators like Marlowe, Plantaform, and Hyalodex. Chapters: 00:00 Intro 02:15 Introducing Suzanne Grant 14:02 Sponsor Segment 20:50 Capital MASHUP and NACO Summit 2026 22:25 Closing and What’s Ahead at OBJ For more on Ottawa’s tech and innovation scene, visit https://obj.ca/techopia. Subscribe to Techopia’s weekly newsletter here: https://obj121.activehosted.com/f/
Techopia Live: Local angels defy VC downturn | Episode 296

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