R|T: The Retail Times – Tobi Lutke granted a nine-figure Shopify compensation package
Plus: Sonder faces class action, Busbud continues LATAM push.
A|I: The AI Times – Cohere seeks big-time valuation despite small-time revenue
Plus: Canada’s underinvestment in computing threatens its AI advantage.
Dialogue acquires IP, other assets of fellow digital health platform Koble
Deal is hoped to strengthen Dialogue’s support for women’s healthcare.
Earned wage startup ZayZoon brings on two new backers with Series B extension
The extension brings the FinTech startup’s Series B round to nearly $50 million USD.
S|W: The SaaS Weekly – Constellation wants underperforming Canadian companies
Plus: NowVertical resolves dispute with founder and Reddit’s big debut.
Québec to invest nearly $42 million in new AgTech innovation centre
The centre will include laboratories, technological workshops, and a greenhouse complex.
Idealist Capital receives $50 million from Canada Growth Fund
Idealist is the first cleantech investor to receive backing from the $15-billion fund.
F|T: The FinTech Times – WonderFi goes international with Australian crypto licence
Plus: Nuvei confirms it is in takeover talks.
FinTech startup VoPay makes inroads in US, UK markets
VoPay has partnered with New Jersey’s Cross River Bank and joined a UK FinTech accelerator.
H|T: The Healthtech Times – Toronto biotech secures $2.2M to treat immune diseases
Plus: Healthcare startup Tempus preps for IPO.
Borderless AI launches from stealth with $27 million for HR assistant
AI-powered product can answer legal, finance, or tax queries in 170 languages.
Rithmik secures $2 million to lower mobile mining equipment emissions
The funding will help increase the startup’s global footprint, establish partnerships, and improve its platform.
R|T: The Retail Times – Loblaw is an everything company, and it isn’t done
Plus: Plenty of Fish founder Markus Frind catches new CEO gig.
Fusion Pharmaceuticals to be acquired by AstraZeneca for more than $2 billion USD
AstraZeneca says the deal marks “a major step forward” in its goal to transform cancer treatment.
NGen launches $100-million sustainable manufacturing challenge, calls for project proposals
The Sustainable Manufacturing Challenge is seeking projects that will support Canada’s net-zero goals.