As demand booms and recession looms, Busbud acquires fellow Canadian travel tech startup Betterez
After partnering up for years, Busbud has brought Betterez’s back office platform for transit players in-house.
Hopper closes $96 million USD from Capital One at more than $5 billion valuation
Capital One became Hopper’s first B2B client in 2021 after leading its Series F round.
Q4 Inc. CEO confident in 2023 profitability despite continued slow growth
M&A, delistings, frigid IPO market have impacted Q4 Inc’s customer retention, expansion.
Report: Vancouver, Toronto saw greatest high-tech job growth in North America over the last two years
Montréal ranked fifth, while CBRE named Waterloo, Ottawa, Calgary markets to watch again.
With VCCI commitment, Kensington Capital Partners targets $290 million third venture fund
With renewed mandate from Government of Canada, Kensington aims to nearly double its previous fund.
1Password acquires Texas-based Passage to fuel push into passkeys
1Password envisions a future beyond passwords.
Hootsuite makes additional staff cuts following August layoffs
August cuts impacted one-third of company; latest round hit approximately 5 percent.
Report: Atlantic Canada 10th strongest blue economy startup ecosystem globally
Vancouver closely follows at 14th, with Calgary 27th, and Toronto-Waterloo 35th.
Technation launches cybersecurity taskforce, calls on Canadian governments to “recognize cybersecurity as a matter of national security”
Taskforce has leaders from CGI, Cisco, eSentire, Darktrace, Infosys, Microsoft, SkyHive.
TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty
Amid looming recession and stiff competition, TouchBistro sets sights on growing efficiently.
Blossom Social secures $750,000 to build “Canada’s first social brokerage”
Amid market downturn, CEO says community is “more important than ever” for retail investors.
University of Toronto one of nine schools chosen for Eric Schmidt’s new $148 million AI research initiative
U of T only Canadian university to secure funding from former Google CEO to apply AI to STEM research.
RenoRun lays off 43 percent of staff to extend runway as inflation rises and consumer confidence falls
RenoRun founders: “The business climate we are operating in has fundamentally changed.”
Cinchy closes $19.7 million CAD Series B to make data integrations obsolete
Forgepoint-backed Cinchy sees room to grow as firms cut costs.
WonderFi swaps CEOs, plans hedge against crypto volatility with stock trading and sports betting
New CEO brings operational experience as WonderFi looks to diversify beyond crypto to find new revenue streams.