Lucas Chan

vc @ deloitte ventures 🇨🇦, $150m fund by @deloitte. writing $2-10m seed+ to series c and on here to find cracked builders 👷‍♂️

[Lucas Chan @chanxlucas]

the handicap isn't being canadian. it's building for 40m people instead of 340m. get us customers first.

[Paul Xue @pxue]

You can build a global company from Canada.

You do not need to leave.

You just need customers (from America).

[Lucas Chan @chanxlucas]

@EthanJMarcoux @TheCadExplorers @Reactiondyn borealis is canada's first real medium-lift rocket. killing the hybrid program was the hard call, this is the payoff.

[Lucas Chan @chanxlucas]

affiliation badge live and tripods secured. simulithic's having a week

[Ryan Ning @itsnotryan]

about time we got affiliated :) @simulithic

[Lucas Chan @chanxlucas]

@itsnotryan @Simulithic @KlausCodes free first audit is a sharp wedge. security buyers don't trust slideware, they trust receipts. $50 says you can't find a bug is a receipt

[Lucas Chan @chanxlucas]

Canada building its own defence manufacturing is a big deal. Love seeing Canadian teams actually making the hardware here. This is how you build real capability.

[Ethan @EthanJMarcoux]

Canada should be a manufacturing and production hub for the world.

[Lucas Chan @chanxlucas]

reaction dynamics just killed their hybrid engine program and the test flight built to prove it. painful, correct. liquid propulsion makes borealis a much more fundable rocket.

[Ethan @EthanJMarcoux]

Today, Reaction Dynamics announced that it has completed 50 tests in its new liquid-fueled engine development program as it advances toward its planned medium-lift launch vehicle, Borealis. 🇨🇦
RDX is now phasing out hybrid propulsion in favour of liquid propulsion, while maintaining its focus on storability.

The company targets an orbital launch from Canadian soil in Q4 2028.

It seems Reaction Dynamics and Canada Rocket Company are going to be attacking the same target of becoming Canada’s alternative to Falcon 9.

I previously spoke with CEO Bachar Elzein about building Canada’s sovereign launch capability for The Canadian Explorers:
https://t.co/jkymXA7mk8

[Lucas Chan @chanxlucas]

lilypad is a floating platform that charges electric boats and doubles as maritime surveillance infrastructure. dual-use hardware from mostar labs that actually ships. love to see canadian growth

[Ethan @EthanJMarcoux]

Canada has the longest coastline in the world. Uncrewed platforms are needed to monitor and protect it. 🇨🇦

Mostar Labs is building Lilypad, a modular floating platform designed to charge electric vessels, power remote equipment and support maritime surveillance. The platform can be deployed as a standalone unit or scaled “like LEGO” depending on demand.

Founder and CEO Meiz Majdoub Jr. spent 26 years as a naval engineering officer in the Royal Canadian Navy and founded the Navy’s technology management program. Now, he is building to address the gaps that he saw during service.

“I found it difficult as a veteran to watch from the sidelines. I wanted to contribute where I could.”

Bootstrapped since 2022, Mostar Labs is now preparing for its first capital raise. Read the 18th Explorer Spotlight, “Power Beyond the Dock”: https://t.co/qdIvB4v7r1

[Lucas Chan @chanxlucas]

coverage: https://t.co/EEiru0NwhI

[Lucas Chan @chanxlucas]

furientis builds interceptor missiles meant to be mass-produced. benchmark just led their $25m seed at $125m, its first pure defense bet. they already hold a funded pentagon contract and ran 12 test launches on $5m. interceptors as a manufactured good, not a bespoke weapon.

[Lucas Chan @chanxlucas]

announcement: https://t.co/WaoDMs5NiZ

[Lucas Chan @chanxlucas]

story: https://t.co/NsdnhULJN1

[Lucas Chan @chanxlucas]

ottawa's h2 analytics makes ai simulators that train soldiers. realistic war games, generated by software. picked up $800k from the feds to go global. revenue up 550% in three years. love to see canadian growth.

[Lucas Chan @chanxlucas]

announcement: https://t.co/e61fjT8ELI

[Lucas Chan @chanxlucas]

coverage: https://t.co/eA0pxilCl6

[Lucas Chan @chanxlucas]

kaizen uses ai to build software for the us army in weeks instead of years. the army just gave them a 5-year, $49m contract, first task order $43m for classified work. backed by a16z and accel. the pentagon is finally buying software like software.

[Lucas Chan @chanxlucas]

builders: https://t.co/tjZEim6maG

[Lucas Chan @chanxlucas]

nolla health just became the first ai cleared to issue prescriptions. the end-to-end ai doctor is real.

- the doctor visit got unbundled. intake to prescription, one app.
- regulation was the moat. utah cracked it.
- starts with acne cream. never ends with acne cream.

[Lucas Chan @chanxlucas]

source: https://t.co/j6rC1VcPVS

[Lucas Chan @chanxlucas]

canadian businesses are spending 12x more on ai than two years ago. that's from float's data across 10k+ companies. receipts don't lie.

[Lucas Chan @chanxlucas]

The damage:
🤝 7 strong let's stay in touch's
☕️ 3 iced matchas
💸 0 signed term sheets

Canadian capital should fund Canadians. DMs open 🍁

[Lucas Chan @chanxlucas]

What happens when two 🇨🇦 VCs fly to SF?

Me and Alejandro Pereda from @forumventures posted up at a corgi cafe with a handwritten sign. CANADIAN VC. PLS PITCH ME.