Today in funding: dcbel, Milk Moovement, Virtual Gurus, MazumaGo, Acorn Biolabs
Summary
Five Canadian tech startups have recently secured fresh funding to fuel their growth, including dcbel, Milk Moovement, Virtual Gurus, MazumaGo, and Acorn Biolabs. The round, which closed in 2020, was led by Coatue Management with participation from Narrative Fund, SNR VC, Real Ventures, WTI, and other investors. Dcbel aims to deliver energy “that lets you live a life without compromise.” According to the company, its “AI-driven sustainable technologies enable people to leverage solar energy to power their cars, their homes and their lifestyles.” Halifax-based milk monitoring software startup Milk Moovement has raised $4 million CAD ($3.2 million USD) in a funding round led by Dynamo Ventures. Going forward, the startup plans to open a new office based in Minneapolis, Minnesota to further its expansion across the United States, “as interest and demand for Milk Moovement’s software continues to grow.” The company’s cloud-based dairy supply chain software tracks milk shipments from producers to processing plants, serving clients across Canada, the United States, and Australia. MCI Onehealth has invested $250,000 in Toronto-based biotech startup Acorn Biolabs, which provides non-invasive, affordable stem cell collection and preservation services.