Disaster restoration startup Kahi looks to solve “adversarial relationship” between insurance companies and subcontractors with IoT
Spun out of a subcontracting company, Kahi raised $2.3 million CAD led by BDC Capital Seed Venture Fund.
Union representing Canadian Paper tutors threatens legal action following mass layoffs
Union says no complaints have been filed yet, but “several lawyers” are working the case.
Transit platform Spare raises $42 million Series B led by Inovia
Funding to help Vancouver-based startup expand its paratransit solution into more transit agencies.
US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount
Acquisition comes mere months after Vancouver startup announced an $11 million CAD seed round.
Terramera spinout Catalera secures $8.8 million CAD in first Series A tranche
Round marks first investment from crown corporation Farm Credit Canada’s Capital arm.
Ideon, Calabrio headline $53 million AI project investment from DIGITAL Innovation Cluster
DIGITAL said its investment joins an additional $106 million of industry partner backing.
Shopify to become Roblox’s first platform commerce partner
Move is expected to open up a massive audience of 80 million potential young customers to brands.
“It’s just straight math”: Assent CEO Andrew Waitman sets bar higher after hitting centaur status
Waitman pushing Ottawa compliance software company to reach $200 million ARR within four years.
Canadian healthtech company Deep Breathe bags top prize at US Army’s xTechInternational 2024
Portable ultrasound diagnostics startup takes home $95,000 after winning pitch competition in Spain.
Bitfarms and Riot continue public squabble leading up to October shareholder meeting
Riot encouraged shareholders to “seriously question” timing of recent Stronghold acquisition.
Carbon6 acquires American firm Junglytics to provide AI tools for Amazon sellers
Junglytics’ platform provides Amazon sellers with data analysis through a “GPT-style” interface.
Benevity appoints MeridianLink president Christopher Maloof as CEO Kelly Schmitt steps down
The charitable donation software platform sought Maloof’s experience in strategic acquisitions and IPO.
Andgo Systems, Conexus among recipients of Saskatchewan-focused PrairiesCan funding
Economic development agency dispenses $6.3 million across nine startups and ecosystem programs.
FansUnite sells American subsidiary back to co-founders, delists from TSX
FansUnite said it expects to retain approximately $500,000 CAD to “explore new business opportunities.”
Shopify taps Microsoft executive Mikhail Parakhin as its new CTO
Shopify CEO Tobi Lütke praised Parakhin’s “deep expertise” in AI and machine learning.