Today in funding: Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, Mogile Technologies
Five Canadian tech startups, Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, and Mogile Technologies, have recently secured financing to fuel their growth. Eavor Technologies secures $50.7 million CAD in financingCalgary cleantech startup Eavor Technologies has secured $50.7 million CAD ($40 million USD) in funding as it looks to commercialize its geothermal power generation technology. Foko Retail raises $3 million investment led by BDC CapitalGatineau, Quebec-based retail communication software provider Foko Retail has raised $3 million in funding led by BDC Capital. Motion Gestures announces $2.5 million CADKitchener, Ontario-based artificial intelligence (AI) startup Motion Gestures has announced a $2.5 million CAD ($2 million USD) round of funding, which it classified as “pre-Series A.”The investment follows a $1.65 million USD seed round Motion raised in 2018. Arolytics closes $710,000 CAD seed roundCalgary cleantech startup Arolytics, which provides emissions management software, has closed a $710,000 seed round.