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3 COMPANIES HIRING IN MONTRÉAL RIGHT NOW 9 hours ago · IMAGEMOTION is a full-service marketing agency out of Montréal with clients like Longchamp, Kappa, and Kiehl’s in their portfolio. Amongst its offerings are social media expertise, influencer marketing, and Shopify optimization. IMAGEMOTION’s proprietary app helps keep the CARTER GRIFFIN ON WHY THE BEST SAAS COMPANIES ARE 7 hours ago · Fundraising is a numbers game, and many SaaS founders hope their financial metrics will show signs of investment potential. But sometimes SaaS founders focus too much on Gross Merchandise Value (GMV) or the balance sheet and not enough on the metrics that really matter for VC investors. In a recent APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing VERTICALSCOPE FILES TO LIST ON THE TORONTO STOCK EXCHANGE VerticalScope is the second Canadian tech company in as many days to file to list on the TSX. On Tuesday, Toronto-based investor relations company Q4 filed its own preliminary prospectus. Other major companies that have recently turned to the TSX include Thinkific, Magnet Forensics, Vendasta, Dialogue Payfare, among others. GTX RE-BRANDS TO VOSKER FOLLOWING 4X REVENUE INCREASE FOR Across four brands, GTX has surpassed 360 employees and increased its revenue by 316 percent in the last few years, from $30 million two years ago to $125 million in 2020. The initial brand, Spypoint was founded in 2004 by Yan Gagnon. He later created holding company GTX in 2018, alongside Jimmy Angers and Danny Angers. SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. DESPITE PANDEMIC CHALLENGES, NEW BUSINESS CREATION IN 10 hours ago · Despite the many challenges faced by Canadian businesses throughout the COVID-19 pandemic, entrepreneurship and new business creation were strong over the last year, according to a new survey by Intuit Quickbooks.. Intuit conducted the survey in April, polling approximately 2,000 Canadians (589 of whom identified as entrepreneurs) about the impact of the COVID-19 pandemic on their TODAY IN FUNDING: DATA SENTINEL, ALTAML, COMMIT 10 hours ago · Three Canadian startups have secured fresh funding to fuel their growth, including Data Sentinel, AltaML, and Commit. Here’s the latest on who raised, how much, from whom, and what they’ll be putting the new funds toward. Vaughan, Ontario-basedstartup Data
3 COMPANIES HIRING IN MONTRÉAL RIGHT NOW 9 hours ago · IMAGEMOTION is a full-service marketing agency out of Montréal with clients like Longchamp, Kappa, and Kiehl’s in their portfolio. Amongst its offerings are social media expertise, influencer marketing, and Shopify optimization. IMAGEMOTION’s proprietary app helps keep the CARTER GRIFFIN ON WHY THE BEST SAAS COMPANIES ARE 7 hours ago · Fundraising is a numbers game, and many SaaS founders hope their financial metrics will show signs of investment potential. But sometimes SaaS founders focus too much on Gross Merchandise Value (GMV) or the balance sheet and not enough on the metrics that really matter for VC investors. In a recent APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing VERTICALSCOPE FILES TO LIST ON THE TORONTO STOCK EXCHANGE VerticalScope is the second Canadian tech company in as many days to file to list on the TSX. On Tuesday, Toronto-based investor relations company Q4 filed its own preliminary prospectus. Other major companies that have recently turned to the TSX include Thinkific, Magnet Forensics, Vendasta, Dialogue Payfare, among others. GTX RE-BRANDS TO VOSKER FOLLOWING 4X REVENUE INCREASE FOR Across four brands, GTX has surpassed 360 employees and increased its revenue by 316 percent in the last few years, from $30 million two years ago to $125 million in 2020. The initial brand, Spypoint was founded in 2004 by Yan Gagnon. He later created holding company GTX in 2018, alongside Jimmy Angers and Danny Angers. SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. DESPITE PANDEMIC CHALLENGES, NEW BUSINESS CREATION IN 10 hours ago · Despite the many challenges faced by Canadian businesses throughout the COVID-19 pandemic, entrepreneurship and new business creation were strong over the last year, according to a new survey by Intuit Quickbooks.. Intuit conducted the survey in April, polling approximately 2,000 Canadians (589 of whom identified as entrepreneurs) about the impact of the COVID-19 pandemic on their 3 COMPANIES HIRING IN MONTRÉAL RIGHT NOW 9 hours ago · IMAGEMOTION is a full-service marketing agency out of Montréal with clients like Longchamp, Kappa, and Kiehl’s in their portfolio. Amongst its offerings are social media expertise, influencer marketing, and Shopify optimization. IMAGEMOTION’s proprietary app helps keep the WELL HEALTH TO ACQUIRE MYHEALTH FOR UP TO $266.3 MILLION British Columbia-based WELL Health Technologies is set to acquire MyHealth, an Ontario health services provider, for up to $266.3 million CAD.. This is the latest acquisition for WELL Health, which owns and operates software and telehealth services as well as a portfolio of primary healthcare facilities in Canada and the UnitedStates.
TODAY IN FUNDING: DATA SENTINEL, ALTAML, COMMIT 10 hours ago · Three Canadian startups have secured fresh funding to fuel their growth, including Data Sentinel, AltaML, and Commit. Here’s the latest on who raised, how much, from whom, and what they’ll be putting the new funds toward. Vaughan, Ontario-basedstartup Data
SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. SHOPIFY, AFFIRM OPEN ACCESS TO BUY NOW, PAY LATER SERVICE 18 hours ago · Canadian e-commerce firm Shopify and American buy now, pay later (BNPL) tech company Affirm have opened up access to Shop Pay Installments for eligible Shopify merchants in the United States. “We have taken a complex technical problem and built a simple, easy-to-use tool to help businesses of all sizes and in many verticals thrive.” DRONE STARTUP SKYGAUGE CLOSES $3.3 MILLION SEED AS DEMAND Drone startup Skygauge closes $3.3 million seed as demand increases amid pandemic. Skygauge Robotics has closed a $3.3 million CAD seed round and the Toronto and Hamilton-based drone startup is immediately scaling up its hiring in response to increased demand during the COVID-19 pandemic. The seed round closed in October and was led by BDC EIGHT PRAIRIE STARTUPS TO WATCH IN 2020 SalonScale. Saskatoon, Saskatchewan www.salonscale.com. The second company in the Conexus Venture Capital Fund portfolio on this list, SalonScale raised $1 million in 2019 to seed its smart technology-powered app helping salon owners and stylists. One of Saskatchewan’s fastest-growing startups led by an exceptional founder, Alicia Soulier, SalonScale provides a digital solution totrack the
SIX SOCIAL RESPONSIBILITY TRENDS FOR TECH COMPANIES IN Toronto-based company Fiix Software has identified five SDGs it will focus on (Quality Education, Gender Equality, Decent Work and Economic Growth, Responsible Consumption and Production, and Life on Land) and is tracking the company’s progress in its annual CSR report. “Doing good is good for business,” said Marc Castel, founder ofFiix
CONQUEST RAISES $3 MILLION ROUND WITH PORTAG3 TO LAUNCH AI The $3 million in seed funding brings Conquest’s total funding to date to $4 million; founding team raised $1 million to get the company off the ground. This marks Conquest’s first outside raise and the startup plans to use the financing to bring its product to market later this year. Conquest also plans to grow its current team ofaround
BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. AMAZON TO EXPAND PRESENCE IN BRITISH COLUMBIA WITH FIVE Amazon has revealed plans to expand its presence in the province of British Columbia. The e-commerce giant is opening five new buildings in the Metro Vancouver area, which are collectively expected to support the creation of 2,000 employment opportunities. “This expansion by Amazon is an endorsement that British Columbia is adesirable place
NEW COUNCIL LAUNCHES TO ADVANCE CANADA’S SEMICONDUCTOR New council launches to advance Canada’s semiconductor industry. A group of Canadian tech sector stakeholders have launched a national Semiconductor Council, mandated to make Canada a global hub for semiconductor research, design, and manufacturing. “Canada must own the podium and strike our competitive advantage as a leader in theglobal
11 CANADIAN TECH COMPANIES TO WATCH IN 2021 By Kevin Sandhu Canadian Startup News January 25, 2021. 11 Canadian tech companies to watch in 2021. Every January for the past few years, thanks to the team at BetaKit, I’ve had the opportunity to share my thoughts on some of the companies I’m excited about in the Canadian technology and startup landscape. As always, it’s incredibly SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. SONDER TO GO PUBLIC ON NASDAQ THROUGH SPAC DEAL Montréal-founded travel tech startup Sonder is set to go public on the NASDAQ through a merger deal with Gores Metropoulos II Inc. Sonder co-founder and CEO Francis Davidson officially announced the plans on Friday and SEC filings confirm that special purpose acquisition company Gores has entered into an agreement with Sonder. KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
TÉO TAXI RETURNS TO QUEBEC MORE THAN A YEAR AFTER Téo Taxi, a once-defunct all-electric ride-sharing company, has restarted its operations and returned to Montreal and Gatineau, QC with a fleet of 55 electric vehicles.. The news comes more than a year after Pierre Karl Péladeau, head of the Québecor, acquired the assets of Téo Taxi’s parent company Taxelco. Those assets included Taxi Diamond, Taxi Hochelaga, and Téo Techno, which owns BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. AMAZON TO EXPAND PRESENCE IN BRITISH COLUMBIA WITH FIVE Amazon has revealed plans to expand its presence in the province of British Columbia. The e-commerce giant is opening five new buildings in the Metro Vancouver area, which are collectively expected to support the creation of 2,000 employment opportunities. “This expansion by Amazon is an endorsement that British Columbia is adesirable place
NEW COUNCIL LAUNCHES TO ADVANCE CANADA’S SEMICONDUCTOR New council launches to advance Canada’s semiconductor industry. A group of Canadian tech sector stakeholders have launched a national Semiconductor Council, mandated to make Canada a global hub for semiconductor research, design, and manufacturing. “Canada must own the podium and strike our competitive advantage as a leader in theglobal
11 CANADIAN TECH COMPANIES TO WATCH IN 2021 By Kevin Sandhu Canadian Startup News January 25, 2021. 11 Canadian tech companies to watch in 2021. Every January for the past few years, thanks to the team at BetaKit, I’ve had the opportunity to share my thoughts on some of the companies I’m excited about in the Canadian technology and startup landscape. As always, it’s incredibly SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. SONDER TO GO PUBLIC ON NASDAQ THROUGH SPAC DEAL Montréal-founded travel tech startup Sonder is set to go public on the NASDAQ through a merger deal with Gores Metropoulos II Inc. Sonder co-founder and CEO Francis Davidson officially announced the plans on Friday and SEC filings confirm that special purpose acquisition company Gores has entered into an agreement with Sonder. KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
TÉO TAXI RETURNS TO QUEBEC MORE THAN A YEAR AFTER Téo Taxi, a once-defunct all-electric ride-sharing company, has restarted its operations and returned to Montreal and Gatineau, QC with a fleet of 55 electric vehicles.. The news comes more than a year after Pierre Karl Péladeau, head of the Québecor, acquired the assets of Téo Taxi’s parent company Taxelco. Those assets included Taxi Diamond, Taxi Hochelaga, and Téo Techno, which owns CANADA’S PRIVACY COMMISSIONER SAYS RCMP USE OF CLEARVIEW 19 hours ago · Canada’s privacy commissioner office has concluded its investigation into a law enforcement agency’s use of controversial facial recognition technology, finding that the Royal Canadian Mounted Police (RCMP) violated Canadian privacy law. “A H|T: THE HEALTHTECH TIMES 3 hours ago · The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week! CDL SHOPIFY, AFFIRM OPEN ACCESS TO BUY NOW, PAY LATER SERVICE 3 hours ago · Canadian e-commerce firm Shopify and American buy now, pay later (BNPL) tech company Affirm have opened up access to Shop Pay Installments for eligible Shopify merchants in the United States. “We have taken a complex technical problem and built a simple, easy-to-use tool to help businesses of all sizes and in many verticalsthrive.”
NESTO SECURES $76 MILLION TO SCALE DIGITAL MORTGAGE 20 hours ago · Montréal-based FinTech startup Nesto has raised $76 million in Series B financing as it looks to simplify the mortgage buying process for more Canadians. The round was led by Michael Rowell and Michael Paulus of insurtech company Assurance IQ, TODAY IN ACQUISITIONS: OSF DIGITAL, BRÜUSH, MORE 21 hours ago · Over the past week, a number of Canadian tech companies have been involved in acquisitions, including OSF Digital, Brüush, Pluribus, Semios, NeuPath, and VidHug. Here’s the latest on Canada’s movers and shakers. Vancouver-based AgTech startup Semios has acquired San Francisco-based agricultural Q4 LOOKS TO RAISE $150 MILLION CAD THROUGH IPO 17 hours ago · Toronto-based investor relations (IR) software company Q4 has priced its planned initial public offering and is looking to raise $150 million CAD. In its amended prospectus filed Thursday, Q4 said it plans to price its shares between $10.50 and $13.00 per common share. The offering consists of GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
TODAY IN FUNDING: SMART SKIN, ANDES STR, CROPTIMISTIC 1 day ago · Four Canadian startups have recently announced fresh funding to fuel their growth, including Smart Skin, Andes STR, Croptimistic, and DeFi Ventures. Here’s the latest on who raised, how much, from whom, and what they’ll be putting the new funds toward. Smart Skin Technologies raises $10.7 FAIRE SECURES $260 MILLION SERIES F ROUND, CLAIMS $7 21 hours ago · Kitchener-Waterloo and San Francisco-based retail startup Faire has secured $260 million in Series F financing, as it looks to build on a year of significant growth. Faire said the fresh capital gives it a valuation of $7 billion, nearly triple the firm’s valuation last October. The round was led ELI RAISES $1.9 MILLION CAD IN SEED FUNDING TO DEVELOP AT Eli Science Inc. has raised a $1.9 million CAD ($1.5 million USD) seed round to target the historically underserved women’s healthtech market via its saliva-based daily hormone tracking technology. The round, which was co-led by Hong Kong’s Vectr Ventures and 2048 Ventures, closed in late December 2020.Other investors included Real Ventures, Techstars, Panache Ventures, Ramen BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. NESTO SECURES $76 MILLION TO SCALE DIGITAL MORTGAGE 12 hours ago · Montréal-based FinTech startup Nesto has raised $76 million in Series B financing as it looks to simplify the mortgage buying process for more Canadians. The round was led by Michael Rowell and Michael Paulus of insurtech company Assurance IQ, Q4 LOOKS TO RAISE $150 MILLION CAD THROUGH IPO 9 hours ago · Toronto-based investor relations (IR) software company Q4 has priced its planned initial public offering and is looking to raise $150 million CAD. In its amended prospectus filed Thursday, Q4 said it plans to price its shares between $10.50 and $13.00 per common share. The offering consists of APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing VERTICALSCOPE FILES TO LIST ON THE TORONTO STOCK EXCHANGE VerticalScope is the second Canadian tech company in as many days to file to list on the TSX. On Tuesday, Toronto-based investor relations company Q4 filed its own preliminary prospectus. Other major companies that have recently turned to the TSX include Thinkific, Magnet Forensics, Vendasta, Dialogue Payfare, among others. 11 CANADIAN TECH COMPANIES TO WATCH IN 2021 By Kevin Sandhu Canadian Startup News January 25, 2021. 11 Canadian tech companies to watch in 2021. Every January for the past few years, thanks to the team at BetaKit, I’ve had the opportunity to share my thoughts on some of the companies I’m excited about in the Canadian technology and startup landscape. As always, it’s incredibly SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. NESTO SECURES $76 MILLION TO SCALE DIGITAL MORTGAGE 12 hours ago · Montréal-based FinTech startup Nesto has raised $76 million in Series B financing as it looks to simplify the mortgage buying process for more Canadians. The round was led by Michael Rowell and Michael Paulus of insurtech company Assurance IQ, Q4 LOOKS TO RAISE $150 MILLION CAD THROUGH IPO 9 hours ago · Toronto-based investor relations (IR) software company Q4 has priced its planned initial public offering and is looking to raise $150 million CAD. In its amended prospectus filed Thursday, Q4 said it plans to price its shares between $10.50 and $13.00 per common share. The offering consists of APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing VERTICALSCOPE FILES TO LIST ON THE TORONTO STOCK EXCHANGE VerticalScope is the second Canadian tech company in as many days to file to list on the TSX. On Tuesday, Toronto-based investor relations company Q4 filed its own preliminary prospectus. Other major companies that have recently turned to the TSX include Thinkific, Magnet Forensics, Vendasta, Dialogue Payfare, among others. 11 CANADIAN TECH COMPANIES TO WATCH IN 2021 By Kevin Sandhu Canadian Startup News January 25, 2021. 11 Canadian tech companies to watch in 2021. Every January for the past few years, thanks to the team at BetaKit, I’ve had the opportunity to share my thoughts on some of the companies I’m excited about in the Canadian technology and startup landscape. As always, it’s incredibly SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
NESTO SECURES $76 MILLION TO SCALE DIGITAL MORTGAGE 12 hours ago · Montréal-based FinTech startup Nesto has raised $76 million in Series B financing as it looks to simplify the mortgage buying process for more Canadians. The round was led by Michael Rowell and Michael Paulus of insurtech company Assurance IQ, FAIRE SECURES $260 MILLION SERIES F ROUND, CLAIMS $7 13 hours ago · Kitchener-Waterloo and San Francisco-based retail startup Faire has secured $260 million in Series F financing, as it looks to build on a year of significant growth. Faire said the fresh capital gives it a valuation of $7 billion, nearly triple the firm’s valuation last October. The round was led Q4 LOOKS TO RAISE $150 MILLION CAD THROUGH IPO 9 hours ago · Toronto-based investor relations (IR) software company Q4 has priced its planned initial public offering and is looking to raise $150 million CAD. In its amended prospectus filed Thursday, Q4 said it plans to price its shares between $10.50 and $13.00 per common share. The offering consists of TODAY IN ACQUISITIONS: OSF DIGITAL, BRÜUSH, MORE 13 hours ago · Over the past week, a number of Canadian tech companies have been involved in acquisitions, including OSF Digital, Brüush, Pluribus, Semios, NeuPath, and VidHug. Here’s the latest on Canada’s movers and shakers. Vancouver-based AgTech startup Semios has acquired San Francisco-based agricultural POKA SECURES $30 MILLION CAD SERIES B ROUND Quebec City-based software startup Poka, which offers an edtech platform for factory workers, has secured around $30 million CAD ($25 million USD) in Series B financing.. The all-equity round was led by 40 North Ventures with participation from McRock Capital and existing Poka investors SE Ventures, CDPQ, Robert Bosch Venture Capital, andLeclerc.
TODAY IN FUNDING: SMART SKIN, ANDES STR, CROPTIMISTIC 19 hours ago · Four Canadian startups have recently announced fresh funding to fuel their growth, including Smart Skin, Andes STR, Croptimistic, and DeFi Ventures. Here’s the latest on who raised, how much, from whom, and what they’ll be putting the new funds CANADA’S PRIVACY COMMISSIONER SAYS RCMP USE OF CLEARVIEW 11 hours ago · Canada’s privacy commissioner office has concluded its investigation into a law enforcement agency’s use of controversial facial recognition technology, finding that the Royal Canadian Mounted Police (RCMP) violated Canadian privacy law. “A GENERAL ASSEMBLY PIZZA SET TO GO PUBLIC ON TSXV JUNE 3 Toronto’s General Assembly Pizza (GA Pizza) has filed its final non-offering prospectus and is set to begin listing on the TSX Venture Exchange (TSXV) on June 3 under the symbol ‘GA.’. The move follows GA Pizza’s pandemic-induced pivot from a brick-and-mortar pizza restaurant to an omnichannel brand. “The aspirations for the brand are Canadian this year, North American next year, and NUROSENE GOES PUBLIC ON CANADIAN STOCK EXCHANGE, SECURING 1 day ago · Just over a year after launching, Toronto-based healthtech company Nurosene has gone public on the Canadian Stock Exchange (CSE), raising $9.2 million CAD through its “oversubscribed” initial public offering (IPO).. Nurosene began trading on the CSE this morning under the symbol ‘MEND.’ The mental wellness-focused company sold about 10.2 million common shares at a price of $0.90 per GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. VERTICALSCOPE FILES TO LIST ON THE TORONTO STOCK EXCHANGE VerticalScope is the second Canadian tech company in as many days to file to list on the TSX. On Tuesday, Toronto-based investor relations company Q4 filed its own preliminary prospectus. Other major companies that have recently turned to the TSX include Thinkific, Magnet Forensics, Vendasta, Dialogue Payfare, among others. SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. AMAZON TO EXPAND PRESENCE IN BRITISH COLUMBIA WITH FIVE Amazon has revealed plans to expand its presence in the province of British Columbia. The e-commerce giant is opening five new buildings in the Metro Vancouver area, which are collectively expected to support the creation of 2,000 employment opportunities. “This expansion by Amazon is an endorsement that British Columbia is adesirable place
11 CANADIAN TECH COMPANIES TO WATCH IN 2021 By Kevin Sandhu Canadian Startup News January 25, 2021. 11 Canadian tech companies to watch in 2021. Every January for the past few years, thanks to the team at BetaKit, I’ve had the opportunity to share my thoughts on some of the companies I’m excited about in the Canadian technology and startup landscape. As always, it’s incredibly NEW COUNCIL LAUNCHES TO ADVANCE CANADA’S SEMICONDUCTOR New council launches to advance Canada’s semiconductor industry. A group of Canadian tech sector stakeholders have launched a national Semiconductor Council, mandated to make Canada a global hub for semiconductor research, design, and manufacturing. “Canada must own the podium and strike our competitive advantage as a leader in theglobal
KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
TÉO TAXI RETURNS TO QUEBEC MORE THAN A YEAR AFTER Téo Taxi, a once-defunct all-electric ride-sharing company, has restarted its operations and returned to Montreal and Gatineau, QC with a fleet of 55 electric vehicles.. The news comes more than a year after Pierre Karl Péladeau, head of the Québecor, acquired the assets of Téo Taxi’s parent company Taxelco. Those assets included Taxi Diamond, Taxi Hochelaga, and Téo Techno, which owns BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. NESTO SECURES $76 MILLION TO SCALE DIGITAL MORTGAGE 9 hours ago · Montréal-based FinTech startup Nesto has raised $76 million in Series B financing as it looks to simplify the mortgage buying process for more Canadians. The round was led by Michael Rowell and Michael Paulus of insurtech company Assurance IQ, Q4 LOOKS TO RAISE $150 MILLION CAD THROUGH IPO 5 hours ago · Toronto-based investor relations (IR) software company Q4 has priced its planned initial public offering and is looking to raise $150 million CAD. In its amended prospectus filed Thursday, Q4 said it plans to price its shares between $10.50 and $13.00 per common share. The offering consists of APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing VERTICALSCOPE FILES TO LIST ON THE TORONTO STOCK EXCHANGE VerticalScope is the second Canadian tech company in as many days to file to list on the TSX. On Tuesday, Toronto-based investor relations company Q4 filed its own preliminary prospectus. Other major companies that have recently turned to the TSX include Thinkific, Magnet Forensics, Vendasta, Dialogue Payfare, among others. 11 CANADIAN TECH COMPANIES TO WATCH IN 2021 By Kevin Sandhu Canadian Startup News January 25, 2021. 11 Canadian tech companies to watch in 2021. Every January for the past few years, thanks to the team at BetaKit, I’ve had the opportunity to share my thoughts on some of the companies I’m excited about in the Canadian technology and startup landscape. As always, it’s incredibly SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
WELL HEALTH TO ACQUIRE MYHEALTH FOR UP TO $266.3 MILLION 1 day ago · British Columbia-based WELL Health Technologies is set to acquire MyHealth, an Ontario health services provider, for up to $266.3 million CAD.. This is the latest acquisition for WELL Health, which owns and operates software and telehealth services as well as a portfolio of primary healthcare facilities in Canada and the UnitedStates.
NUROSENE GOES PUBLIC ON CANADIAN STOCK EXCHANGE, SECURING 1 day ago · Just over a year after launching, Toronto-based healthtech company Nurosene has gone public on the Canadian Stock Exchange (CSE), raising $9.2 million CAD through its “oversubscribed” initial public offering (IPO).. Nurosene began trading on the CSE this morning under the symbol ‘MEND.’ The mental wellness-focused company sold about 10.2 million common shares at a price of $0.90 per ONTARIO GOVERNMENT COMMITS $100 MILLION TO NEW TECH FUND 1 day ago · The Government of Ontario is committing $100 million towards a new fund of funds focused on supporting high-potential tech companies in the province. Minister of Economic Development, Job Creation and Trade Vic Fedeli is set to announce the move KEPLER RAISES $72.6 MILLION CAD AS THE FIRM LOOKS TO GROW 1 day ago · Three months after becoming the largest satellite operator in Canada, Toronto-based space tech startup Kepler Communications has secured $72.6 million CAD ($60 million USD) in Series B financing. Some of the funding will be used to growKepler’s 80
POKA SECURES $30 MILLION CAD SERIES B ROUND Quebec City-based software startup Poka, which offers an edtech platform for factory workers, has secured around $30 million CAD ($25 million USD) in Series B financing.. The all-equity round was led by 40 North Ventures with participation from McRock Capital and existing Poka investors SE Ventures, CDPQ, Robert Bosch Venture Capital, andLeclerc.
CIBC INNOVATION BANKING LOOKS TO FUEL CANADIAN TECH 1 day ago · With an explosion in capital entering Canadian tech, CIBC Innovation Banking has emerged as a sophisticated player in the space. Long active in the Canadian tech ecosystem as a startup backer and limited partner in venture capital firms, the bank has ramped upA|I: THE AI TIMES
1 day ago · The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using the form at the bottom of this page. TRULIOO HITS $2 BILLION CAD VALUATION FOLLOWING $476 Global identity verification startup Trulioo has secured $476 million CAD ($394 million USD) in a TCV-led Series D funding round that makes the Vancouver-based startup the latest Canadian unicorn. With its sizable Series D round, Trulioo claims a valuation of $2 billion CAD ($1.75 billion USD). The GOVERNMENT EXPANDS CRITERIA OF $40,000 SMALL BUSINESS CEBA Government expands criteria of $40,000 small business CEBA loan program. On Tuesday, Prime Minister Justin Trudeau announced that eligibility criteria for Canada Emergency Business Account (CEBA) has been expanded to include more small businesses. The CEBA offers interest-free loans of up to $40,000 to small businesses andnot-for-profits.
PINTEREST LOOKING FOR NEW CANADA COUNTRY MANAGER 1 day ago · The Canadian division of image sharing and social media company Pinterest is currently searching for a new country manager as the firm looks to continue growing its Canadian presence. The new country manager will report directly to Erin Elofson. Earlier this year, Pinterest revealed plans to BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. KEPLER RAISES $72.6 MILLION CAD AS THE FIRM LOOKS TO GROW 8 hours ago · Three months after becoming the largest satellite operator in Canada, Toronto-based space tech startup Kepler Communications has secured $72.6 million CAD ($60 million USD) in Series B financing. Some of the funding will be used to growKepler’s 80
AMAZON TO ADD 1,800 CANADIAN TECH, CORPORATE JOBS THIS 8 hours ago · Amazon has revealed plans to hire for 1,800 tech and corporate roles across its Canadian offices by the end of 2021. These plans, which are tied to Amazon’s previous growth announcements, represent the latest step in the company’s larger push to expand its Canadian presence, as the American e-commerce giant looks to bolster its workforce to meet growing customer demand for its products CIBC INNOVATION BANKING LOOKS TO FUEL CANADIAN TECH 9 hours ago · With an explosion in capital entering Canadian tech, CIBC Innovation Banking has emerged as a sophisticated player in the space. Long active in the Canadian tech ecosystem as a startup backer and limited partner in venture capital firms, the bank has ramped up APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. ELEVATE TO RECEIVE $6.15 MILLION IN GOVERNMENT FUNDING FOR Elevate is receiving around $6.15 million from the Government of Canada and the City of Toronto to support the non-profit tech organization in launching a new program focused on helping underrepresented communities find jobs in the tech sector. “Increasing representation in HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing 11 CANADIAN TECH COMPANIES TO WATCH IN 2021 By Kevin Sandhu Canadian Startup News January 25, 2021. 11 Canadian tech companies to watch in 2021. Every January for the past few years, thanks to the team at BetaKit, I’ve had the opportunity to share my thoughts on some of the companies I’m excited about in the Canadian technology and startup landscape. As always, it’s incredibly VERTICALSCOPE FILES TO LIST ON THE TORONTO STOCK EXCHANGE VerticalScope is the second Canadian tech company in as many days to file to list on the TSX. On Tuesday, Toronto-based investor relations company Q4 filed its own preliminary prospectus. Other major companies that have recently turned to the TSX include Thinkific, Magnet Forensics, Vendasta, Dialogue Payfare, among others. GENERAL ASSEMBLY PIZZA SET TO GO PUBLIC ON TSXV JUNE 3 Toronto’s General Assembly Pizza (GA Pizza) has filed its final non-offering prospectus and is set to begin listing on the TSX Venture Exchange (TSXV) on June 3 under the symbol ‘GA.’. The move follows GA Pizza’s pandemic-induced pivot from a brick-and-mortar pizza restaurant to an omnichannel brand. “The aspirations for the brand are Canadian this year, North American next year, and BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUT Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. KEPLER RAISES $72.6 MILLION CAD AS THE FIRM LOOKS TO GROW 8 hours ago · Three months after becoming the largest satellite operator in Canada, Toronto-based space tech startup Kepler Communications has secured $72.6 million CAD ($60 million USD) in Series B financing. Some of the funding will be used to growKepler’s 80
AMAZON TO ADD 1,800 CANADIAN TECH, CORPORATE JOBS THIS 8 hours ago · Amazon has revealed plans to hire for 1,800 tech and corporate roles across its Canadian offices by the end of 2021. These plans, which are tied to Amazon’s previous growth announcements, represent the latest step in the company’s larger push to expand its Canadian presence, as the American e-commerce giant looks to bolster its workforce to meet growing customer demand for its products CIBC INNOVATION BANKING LOOKS TO FUEL CANADIAN TECH 9 hours ago · With an explosion in capital entering Canadian tech, CIBC Innovation Banking has emerged as a sophisticated player in the space. Long active in the Canadian tech ecosystem as a startup backer and limited partner in venture capital firms, the bank has ramped up APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. ELEVATE TO RECEIVE $6.15 MILLION IN GOVERNMENT FUNDING FOR Elevate is receiving around $6.15 million from the Government of Canada and the City of Toronto to support the non-profit tech organization in launching a new program focused on helping underrepresented communities find jobs in the tech sector. “Increasing representation in HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing 11 CANADIAN TECH COMPANIES TO WATCH IN 2021 By Kevin Sandhu Canadian Startup News January 25, 2021. 11 Canadian tech companies to watch in 2021. Every January for the past few years, thanks to the team at BetaKit, I’ve had the opportunity to share my thoughts on some of the companies I’m excited about in the Canadian technology and startup landscape. As always, it’s incredibly VERTICALSCOPE FILES TO LIST ON THE TORONTO STOCK EXCHANGE VerticalScope is the second Canadian tech company in as many days to file to list on the TSX. On Tuesday, Toronto-based investor relations company Q4 filed its own preliminary prospectus. Other major companies that have recently turned to the TSX include Thinkific, Magnet Forensics, Vendasta, Dialogue Payfare, among others. GENERAL ASSEMBLY PIZZA SET TO GO PUBLIC ON TSXV JUNE 3 Toronto’s General Assembly Pizza (GA Pizza) has filed its final non-offering prospectus and is set to begin listing on the TSX Venture Exchange (TSXV) on June 3 under the symbol ‘GA.’. The move follows GA Pizza’s pandemic-induced pivot from a brick-and-mortar pizza restaurant to an omnichannel brand. “The aspirations for the brand are Canadian this year, North American next year, and WELL HEALTH TO ACQUIRE MYHEALTH FOR UP TO $266.3 MILLION 5 hours ago · British Columbia-based WELL Health Technologies is set to acquire MyHealth, an Ontario health services provider, for up to $266.3 million CAD.. This is the latest acquisition for WELL Health, which owns and operates software and telehealth services as well as a portfolio of primary healthcare facilities in Canada and the UnitedStates.
KEPLER RAISES $72.6 MILLION CAD AS THE FIRM LOOKS TO GROW 8 hours ago · Three months after becoming the largest satellite operator in Canada, Toronto-based space tech startup Kepler Communications has secured $72.6 million CAD ($60 million USD) in Series B financing. Some of the funding will be used to growKepler’s 80
NUROSENE GOES PUBLIC ON CANADIAN STOCK EXCHANGE, SECURING 13 hours ago · Just over a year after launching, Toronto-based healthtech company Nurosene has gone public on the Canadian Stock Exchange (CSE), raising $9.2 million CAD through its “oversubscribed” initial public offering (IPO).. Nurosene began trading on the CSE this morning under the symbol ‘MEND.’ The mental wellness-focused company sold about 10.2 million common shares at a price of $0.90 per POKA SECURES $30 MILLION CAD SERIES B ROUND Quebec City-based software startup Poka, which offers an edtech platform for factory workers, has secured around $30 million CAD ($25 million USD) in Series B financing.. The all-equity round was led by 40 North Ventures with participation from McRock Capital and existing Poka investors SE Ventures, CDPQ, Robert Bosch Venture Capital, andLeclerc.
ONTARIO GOVERNMENT COMMITS $100 MILLION TO NEW TECH FUND 12 hours ago · The Government of Ontario is committing $100 million towards a new fund of funds focused on supporting high-potential tech companies in the province. Minister of Economic Development, Job Creation and Trade Vic Fedeli is set to announce the move Wednesday morning. The new Venture Ontario Fund will AMAZON TO ADD 1,800 CANADIAN TECH, CORPORATE JOBS THIS 8 hours ago · Amazon has revealed plans to hire for 1,800 tech and corporate roles across its Canadian offices by the end of 2021. These plans, which are tied to Amazon’s previous growth announcements, represent the latest step in the company’s larger push to expand its Canadian presence, as the American e-commerce giant looks to bolster its workforce to meet growing customer demand for its productsA|I: THE AI TIMES
16 hours ago · The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using the form at the bottom of this page. CIBC INNOVATION BANKING LOOKS TO FUEL CANADIAN TECH 9 hours ago · With an explosion in capital entering Canadian tech, CIBC Innovation Banking has emerged as a sophisticated player in the space. Long active in the Canadian tech ecosystem as a startup backer and limited partner in venture capital firms, the bank has ramped up TRULIOO HITS $2 BILLION CAD VALUATION FOLLOWING $476 Global identity verification startup Trulioo has secured $476 million CAD ($394 million USD) in a TCV-led Series D funding round that makes the Vancouver-based startup the latest Canadian unicorn. With its sizable Series D round, Trulioo claims a valuation of $2 billion CAD ($1.75 billion USD). The PINTEREST LOOKING FOR NEW CANADA COUNTRY MANAGER 16 hours ago · The Canadian division of image sharing and social media company Pinterest is currently searching for a new country manager as the firm looks to continue growing its Canadian presence. The new country manager will report directly to Erin Elofson. Earlier this year, Pinterest revealed plans to BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUTCANADIAN TECHNOLOGY COLLEGECANADIAN TECHNOLOGY COMPANIESCANADIAN TECHNOLOGY IN THE 1920SCANADIAN TECHNOLOGY INVENTIONS Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. VERSION ONE VENTURES RAISES $100 MILLION USD FOR TWO NEW 4 hours ago · Vancouver-based Version One Ventures has secured $100 million USD across two newly announced venture funds. The firm raised $70 million for its fourth fund and $30 million for its second opportunities fund (all numbers USD). The raises follow a notable year BDC CAPITAL LAUNCHES NEW $300 MILLION GROWTH VENTURE CO 3 hours ago · BDC Capital has announced the launch of a new $300 million CAD growth-stage venture fund as part of the organization’s “expanded strategy” to scale Canadian firms during their later stages of growth.. The Growth Venture Co-Investment Fund comes, in part, as a response to growing later-stage funding round sizes. Through the new fund, BDC Capital aims to support the scaling ofventure
APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. NEW COUNCIL LAUNCHES TO ADVANCE CANADA’S SEMICONDUCTOR New council launches to advance Canada’s semiconductor industry. A group of Canadian tech sector stakeholders have launched a national Semiconductor Council, mandated to make Canada a global hub for semiconductor research, design, and manufacturing. “Canada must own the podium and strike our competitive advantage as a leader in theglobal
11 CANADIAN TECH COMPANIES TO WATCH IN 2021 Ollie Order is a multichannel sales software for the liquor industry. The company empowers breweries, wineries, liquor stores, bars, pubs and restaurants to better manage customers, orders, inventory, payments, accounting and government reporting in aMEAGAN SIMPSON
Meagan Simpson. Meagan is the Associate Editor for BetaKit. A tech writer that is super proud to showcase the Canadian tech scene. Background in almost every type of journalism from sports to politics. Podcast and Harry Potter nerd, photographer and crazy cat KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 TÉO TAXI RETURNS TO QUEBEC MORE THAN A YEAR AFTER Téo Taxi, a once-defunct all-electric ride-sharing company, has restarted its operations and returned to Montreal and Gatineau, QC with a fleet of 55 electric vehicles.. The news comes more than a year after Pierre Karl Péladeau, head of the Québecor, acquired the assets of Téo Taxi’s parent company Taxelco. Those assets included Taxi Diamond, Taxi Hochelaga, and Téo Techno, which owns TOUCHBISTRO HIRES NEW CFO, KEEPS EYE ON IPO DESPITE By Isabelle Kirkwood Canadian Startup News June 10, 2020. TouchBistro hires new CFO, keeps eye on IPO despite pandemic market uncertainty. Toronto-based restaurant point of sale software startup TouchBistro has appointed John Doolittle as its chief financial officer (CFO). The company’s former CFO, Murray Thomas, will remain at TouchBistro as BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUTCANADIAN TECHNOLOGY COLLEGECANADIAN TECHNOLOGY COMPANIESCANADIAN TECHNOLOGY IN THE 1920SCANADIAN TECHNOLOGY INVENTIONS Canadian Startup News May 28, 2021. Communitech, OMERS, Wealthsimple leaders agree Canada’s tech moment created a “competition for awesome”. By Josh Scott. With the recent explosion in funding deals, acquisitions, and IPOs, Canadian tech is experiencing a historic moment. Yesterday, in a panel conversation hosted for. VERSION ONE VENTURES RAISES $100 MILLION USD FOR TWO NEW 4 hours ago · Vancouver-based Version One Ventures has secured $100 million USD across two newly announced venture funds. The firm raised $70 million for its fourth fund and $30 million for its second opportunities fund (all numbers USD). The raises follow a notable year BDC CAPITAL LAUNCHES NEW $300 MILLION GROWTH VENTURE CO 3 hours ago · BDC Capital has announced the launch of a new $300 million CAD growth-stage venture fund as part of the organization’s “expanded strategy” to scale Canadian firms during their later stages of growth.. The Growth Venture Co-Investment Fund comes, in part, as a response to growing later-stage funding round sizes. Through the new fund, BDC Capital aims to support the scaling ofventure
APPLICATIONS OPEN FOR CANADA’S BLACK ENTREPRENEURSHIP LOAN Applications have officially opened for the Black Entrepreneurship Loan Fund, the third pillar of the Government of Canada’s previously announced Black Entrepreneurship Program (BEP).. The fund aims to reduce some of the systemic barriers faced by Black Canadian entrepreneurs and business owners by providing them with the financing they need to start and grow their businesses. NEW COUNCIL LAUNCHES TO ADVANCE CANADA’S SEMICONDUCTOR New council launches to advance Canada’s semiconductor industry. A group of Canadian tech sector stakeholders have launched a national Semiconductor Council, mandated to make Canada a global hub for semiconductor research, design, and manufacturing. “Canada must own the podium and strike our competitive advantage as a leader in theglobal
11 CANADIAN TECH COMPANIES TO WATCH IN 2021 Ollie Order is a multichannel sales software for the liquor industry. The company empowers breweries, wineries, liquor stores, bars, pubs and restaurants to better manage customers, orders, inventory, payments, accounting and government reporting in aMEAGAN SIMPSON
Meagan Simpson. Meagan is the Associate Editor for BetaKit. A tech writer that is super proud to showcase the Canadian tech scene. Background in almost every type of journalism from sports to politics. Podcast and Harry Potter nerd, photographer and crazy cat KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 TÉO TAXI RETURNS TO QUEBEC MORE THAN A YEAR AFTER Téo Taxi, a once-defunct all-electric ride-sharing company, has restarted its operations and returned to Montreal and Gatineau, QC with a fleet of 55 electric vehicles.. The news comes more than a year after Pierre Karl Péladeau, head of the Québecor, acquired the assets of Téo Taxi’s parent company Taxelco. Those assets included Taxi Diamond, Taxi Hochelaga, and Téo Techno, which owns TOUCHBISTRO HIRES NEW CFO, KEEPS EYE ON IPO DESPITE By Isabelle Kirkwood Canadian Startup News June 10, 2020. TouchBistro hires new CFO, keeps eye on IPO despite pandemic market uncertainty. Toronto-based restaurant point of sale software startup TouchBistro has appointed John Doolittle as its chief financial officer (CFO). The company’s former CFO, Murray Thomas, will remain at TouchBistro as BDC CAPITAL LAUNCHES NEW $300 MILLION GROWTH VENTURE CO 3 hours ago · BDC Capital has announced the launch of a new $300 million CAD growth-stage venture fund as part of the organization’s “expanded strategy” to scale Canadian firms during their later stages of growth.. The Growth Venture Co-Investment Fund comes, in part, as a response to growing later-stage funding round sizes. Through the new fund, BDC Capital aims to support the scaling ofventure
VERSION ONE VENTURES RAISES $100 MILLION USD FOR TWO NEW 4 hours ago · Vancouver-based Version One Ventures has secured $100 million USD across two newly announced venture funds. The firm raised $70 million for its fourth fund and $30 million for its second opportunities fund (all numbers USD). The raises follow a notable year DIAGRAM DOUBLES SIZE OF OPPORTUNITY FUND WITH FINAL $60 7 hours ago · Montréal-based venture builder and investor Diagram Ventures has secured an additional $60 million CAD in the final close for its Opportunity Fund, as it looks to reinvest in its stars.. Through the new $120 million CAD fund, Diagram is looking to place additional bets on its winners by providing growth funding to its most promising portfolio firms, after seeing some success with its venture POKA SECURES $30 MILLION CAD TO SCALE FACTORY WORKER 1 day ago · Quebec City-based software startup Poka, which offers an edtech platform for factory workers, has secured around $30 million CAD ($25 million USD) to fuel its growth.. The all-equity round was led by 40 North Ventures with participation from McRock Capital and existing Poka investors SE Ventures, CDPQ, Robert Bosch Venture Capital, and Leclerc. RAQUEL URTASUN LAUNCHES NEW SELF-DRIVING STARTUP WAABI 10 hours ago · Canadian artificial intelligence (AI) luminary Raquel Urtasun has moved on from Uber’s self-driving unit and launched her own company with the goal of disrupting the autonomous driving landscape. With the backing of top venture investors and experts in MASTERCLASS REVEALS FIRST TWO CANADIAN HUB HIRES, PLANS TO 7 hours ago · San Francisco-based edtech startup MasterClass has announced the first two hires for its planned Kitchener-Waterloo hub, disclosing plans to hire “dozens” of engineers.. MasterClass has hired Matt Elgie, who previously worked for Barracuda FX, Broadway Technology and Sandvine, and James Spere, formerly of ProNavigator,Roadmunk and D2L.
TRULIOO HITS $2 BILLION CAD VALUATION FOLLOWING $476 1 day ago · Global identity verification startup Trulioo has secured $476 million CAD ($394 million USD) in a TCV-led Series D funding round that makes the Vancouver-based startup the latest Canadian unicorn. With its sizable Series D round, Trulioo claims a valuation of $2 billion CAD ($1.75 billion USD). The S|W: THE SAAS WEEKLY 10 hours ago · The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe. Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week! FASHION TECH COMPANY SSENSE SECURES MINORITY INVESTMENT 6 hours ago · Montréal-based global fashion tech startup SSENSE is set to announce it has reached a valuation of $5 billion CAD following a minority investment from Sequoia Capital. This represents the first round of external funding for SSENSE since it was founded in 2003. The size of the investment was not TORONTO BIOTECH STARTUP PLAYS ROLE IN "CRITICAL Toronto-based Structura Biotechnology, which develops machine learning algorithms and scientific software for biology research and drug discovery, has developed a tool that is playing a key role in a “critical breakthrough” in the search for a vaccine for coronavirus, according to U of T News.. The researchers claim they have created the first 3D, atomic scale map of the coronavirus spike BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUTCANADIAN TECHNOLOGY COLLEGECANADIAN TECHNOLOGY COMPANIESCANADIAN TECHNOLOGY IN THE 1920SCANADIAN TECHNOLOGY INVENTIONS India-based IT solutions provider Mphasis has announced plans to set up a new Canadian headquarters in Calgary, and hire for 500 to 1,000new
TRULIOO HITS $2 BILLION CAD VALUATION FOLLOWING $476 16 hours ago · Global identity verification startup Trulioo has secured $476 million CAD ($394 million USD) in a TCV-led Series D funding round that makes the Vancouver-based startup the latest Canadian unicorn. With its sizable Series D round, Trulioo claims avaluation of
HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing NEW COUNCIL LAUNCHES TO ADVANCE CANADA’S SEMICONDUCTOR A group of Canadian tech sector stakeholders have launched a national Semiconductor Council, mandated to make Canada a global hub for semiconductor research, design, and manufacturing. 11 CANADIAN TECH COMPANIES TO WATCH IN 2021 Ollie Order is a multichannel sales software for the liquor industry. The company empowers breweries, wineries, liquor stores, bars, pubs and restaurants to better manage customers, orders, inventory, payments, accounting and government reporting in a SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 TÉO TAXI RETURNS TO QUEBEC MORE THAN A YEAR AFTER Téo Taxi, a once-defunct all-electric ride-sharing company, has restarted its operations and returned to Montreal and Gatineau, QC with a fleet of 55 electric vehicles.. The news comes more than a year after Pierre Karl Péladeau, head of the Québecor, acquired the assets of Téo Taxi’s parent company Taxelco. Those assets included Taxi Diamond, Taxi Hochelaga, and Téo Techno, which owns TOUCHBISTRO HIRES NEW CFO, KEEPS EYE ON IPO DESPITE Toronto-based restaurant point of sale software startup TouchBistro has appointed John Doolittle as its chief financial officer (CFO). The company’s former CFO, Murray Thomas, will remain at TouchBistro as vice president of finance. SECOND CLOSET RAISES $500,000 FROM HYATT BROTHERS FOR PAY Toronto-based Second Closet’s $500,000 seed round only took a day.. That was partly thanks to BlueCat founder Michael Hyatt, a lead investor along with his brother Richard, who wanted to take a chance on the early-stage business he came across at CDL, where he’s afounding partner.
BETAKIT - CANADIAN STARTUP NEWS & TECH INNOVATIONJOBSNEWSLETTERSRESOURCESADVERTISETIPSABOUTCANADIAN TECHNOLOGY COLLEGECANADIAN TECHNOLOGY COMPANIESCANADIAN TECHNOLOGY IN THE 1920SCANADIAN TECHNOLOGY INVENTIONS India-based IT solutions provider Mphasis has announced plans to set up a new Canadian headquarters in Calgary, and hire for 500 to 1,000new
TRULIOO HITS $2 BILLION CAD VALUATION FOLLOWING $476 16 hours ago · Global identity verification startup Trulioo has secured $476 million CAD ($394 million USD) in a TCV-led Series D funding round that makes the Vancouver-based startup the latest Canadian unicorn. With its sizable Series D round, Trulioo claims avaluation of
HELLODARWIN RAISES $2 MILLION SEED ROUND Montréal-based B2BQuotes has rebranded to helloDarwin and closed $2 million CAD in seed funding, as the startup looks to scale its online platform that aims to bring together businesses and B2B service providers.. The raise comes along with a new name and after an evolution of the startup’s offering. The round was led by Tactico Venture Capital and RBC, with participation from existing NEW COUNCIL LAUNCHES TO ADVANCE CANADA’S SEMICONDUCTOR A group of Canadian tech sector stakeholders have launched a national Semiconductor Council, mandated to make Canada a global hub for semiconductor research, design, and manufacturing. 11 CANADIAN TECH COMPANIES TO WATCH IN 2021 Ollie Order is a multichannel sales software for the liquor industry. The company empowers breweries, wineries, liquor stores, bars, pubs and restaurants to better manage customers, orders, inventory, payments, accounting and government reporting in a SEVEN ATLANTIC CANADA STARTUPS TO WATCH IN 2021 ReelData. Halifax, NS. ReelData is the industry leader of AI-driven technology for land-based fish farms. Atlantic Canadians have been known as fishers and farmers for generations, and although these sectors still remain staples of the economy, there have been significant advancements in related processes and technologies to drive efficiency and scale. KITCHENER-WATERLOO’S MAGNET FORENSICS LOOKS TO RAISE $90 Kitchener-Waterloo startup Magnet Forensics, which develops digital investigation software for forensic professionals, plans to raise $90 million CAD in an initial public offering (IPO) on the Toronto Stock Exchange (TSX).. The company filed its preliminary prospectus Thursday, and plans to trade on the TSX under the symbol ‘MAGT.’ The company plans to sell between 5,625,000 and 6,428,571 TÉO TAXI RETURNS TO QUEBEC MORE THAN A YEAR AFTER Téo Taxi, a once-defunct all-electric ride-sharing company, has restarted its operations and returned to Montreal and Gatineau, QC with a fleet of 55 electric vehicles.. The news comes more than a year after Pierre Karl Péladeau, head of the Québecor, acquired the assets of Téo Taxi’s parent company Taxelco. Those assets included Taxi Diamond, Taxi Hochelaga, and Téo Techno, which owns TOUCHBISTRO HIRES NEW CFO, KEEPS EYE ON IPO DESPITE Toronto-based restaurant point of sale software startup TouchBistro has appointed John Doolittle as its chief financial officer (CFO). The company’s former CFO, Murray Thomas, will remain at TouchBistro as vice president of finance. SECOND CLOSET RAISES $500,000 FROM HYATT BROTHERS FOR PAY Toronto-based Second Closet’s $500,000 seed round only took a day.. That was partly thanks to BlueCat founder Michael Hyatt, a lead investor along with his brother Richard, who wanted to take a chance on the early-stage business he came across at CDL, where he’s afounding partner.
POKA SECURES $30 MILLION CAD TO SCALE FACTORY WORKER 16 hours ago · Quebec City-based software startup Poka, which offers an edtech platform for factory workers, has secured around $30 million CAD ($25 million USD) to fuel its growth.. The all-equity round was led by 40 North Ventures with participation from McRock Capital and existing Poka investors SE Ventures, CDPQ, Robert Bosch Venture Capital, and Leclerc. F|T: THE FINTECH TIMES 17 hours ago · We’ve joined forces with Cisco Designed to understand the state of Canadian startups and small businesses on their path to recovery. The survey tracks the ecosystem’s response to the pandemic and priorities for growth in 2021. Anonymized survey results will be turned into a report and published TRULIOO HITS $2 BILLION CAD VALUATION FOLLOWING $476 16 hours ago · Global identity verification startup Trulioo has secured $476 million CAD ($394 million USD) in a TCV-led Series D funding round that makes the Vancouver-based startup the latest Canadian unicorn. With its sizable Series D round, Trulioo claims avaluation of
BENCH SECURES $73 MILLION CAD, UNVEILS NEW BANKING Vancouver-based FinTech startup Bench has raised almost $73 million CAD ($60 million USD) in Series C financing and announced the launch of Bench Core and Bench Flex, two new banking product offerings.. The round was led by New York’s Contour Venture Partners, a previous Bench investor. It also saw participation from other existing Bench investors Altos Ventures, Inovia Capital, and BMO LIGHTSPEED TO ACQUIRE TWO E-COMMERCE COMPANIES FOR $925 12 hours ago · Montréal retail tech company Lightspeed has signed definitive agreements to acquire two California-based e-commerce firms for a combined total of $925 million USD.. Lightspeed plans to buy Ecwid, which offers an e-commerce platform for small businesses, for a total of approximately $500 million (all numbers in USD). ADEPTMIND RAISES $7.5 MILLION CAD TO BRIDGE GAP BETWEEN E Toronto-based retail software startup Adeptmind, which leverages artificial intelligence (AI) to improve online search for retailers, has secured around $7.5 million CAD ($6.2 million USD) in Series A financing to accelerate its go-to-market strategy and “double down” on its research and development (R&D) efforts.. The equity funding round was led by Boston’s Innospark Ventures, and also EIGHT COMPANIES RECEIVE $4.4 MILLION IN FUNDING Eight tech companies based in Ontario and Saskatchewan are receiving a collective $4.4 million in funding and loans from the federal government through its regional development agencies (RDA). The companies span a number of tech verticals, HOW NEO FINANCIAL PLANS TO TAKE ON THE BIG FIVE BANKS FROM 1 day ago · Recently, BetaKit dropped a deep dive into the slow and troubled rollout of Open Banking in Canada. It caused quite the response, leading to all sorts of interesting public and private conversations. “When you look at the Big Five banks today, they all have the same technology stack, the same H|T: THE HEALTHTECH TIMES The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week! As part of this new program, OBIO will issue select ONLY ONE CANADIAN COMPANY PLACES ON LIST OF TOP 100 AI Despite Canada's rising reputation as a global leader in the artificial intelligence community, it appears Canadian companies are not making as much of an impact on the international AI scene.__
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