Canadian startup news of the week (3/13/22)
Why Clio and Trulioo are choosing M&A over IPO.
StoreToDoor secures $1.25 million to take same-day delivery service to new markets
After spending years running his own restaurants, Scott Love wants to help other retailers deliver goods.
H|T: The Healthtech Times – Ali Tehrani is Amp’d up
Plus: Health Canada recalls Fitbit watch due to risk of burns.
Market watch: Nuvei, VerticalScope, Magnet Forensics
Nuvei posts strong Q4, 2021 earnings as VerticalScope, Magnet see mixed results.
Somm acquires last-minute restaurant reservation app Dinr to move beyond wine recommendation
Somm describes Dinr deal as “part of a bigger vision” for the wine-focused startup.
R|T: The Retail Times – Shopify doubles down on its compensation approach
Plus: Amazon is shutting 68 retail stores, ending Amazon Books, 4-star and Pop Up shops.
Clio and Trulioo say not now to IPOs as CEOs discuss unicorn M&A strategies
Clio CEO says IPO window is closed, and “probably gone” for 2022.
Clinia closes $5 million to scale B2B health search infrastructure
Montréal startup aims to be “first point of entry for health searches.”
A|I: The AI Times – Two astronauts join the mission to build human-like robots
Plus: This is the reason Demis Hassabis started DeepMind.
Federal government announces first four organizations administering Women Entrepreneurship Loan Fund
SheEO among group set to provide micro-loans to women entrepreneurs.
Led by Serena Williams’ venture fund, Calico closes $2.6 million CAD to help D2C fashion brands manage their supply chain
Calico’s founder is building the tool she wishes she had for her own D2C brands.
iRestify closes $6 million to bring building maintenance solution to the US
This is iRestify’s third seed round in four years, following a series of pivots.
S|W: The SaaS Weekly – Margaret Atwood dances to Disco
Plus: Amazon’s Twitch suffers exodus of executives amid strategy fight.
Canadian startup news of the week (3/06/22)
Plus: Ukraine, soonicorns, Canadian tech vibe check.
F|T: The FinTech Times – BitConnect founder goes bye-bye
Plus: Questrade launches online mortgage service QuestMortgage.