Wattpad co-founder Allen Lau to step down as CEO, become executive advisor
Lau called the move both a “final curtain call” and the start of “a new story.”
Tengiva closes $5 million to tackle supply chain issues in the textile industry
Investor says Tengiva is “at the right place at the right time.”
Thinkific sees revenue rise, net loss jump in Q1 2022, following recent layoffs
Thinkific attributes higher net loss to growth investments, restructuring costs.
Magnet Forensics acquires assets from Comae Technologies, posts 35 percent revenue growth in Q1 2022
Magnet acquired Comae’s memory analysis tech to bolster its cyber incident investigation capabilities.
Shopify delivers $2.1 billion USD Deliverr deal to expand fulfillment network
Deliverr marks Shopify’s largest acquisition to date.
Shopify’s growth continues to slow in Q1 2022 as it reaches deal to buy Deliverr for $2.1 billion USD
Shopify misses analyst estimates, sees shares drop to a two-year low.
Lightspeed leverages acquisitions to launch new flagship omnichannel retail platform
Lightspeed Retail launch follows company’s recent C-Suite shakeup.
Q4 Inc. records 23 percent YoY revenue growth, halves net losses in Q1 2022 earnings
CEO attributes Q4’s strong Q1 to tech investments, focus on existing customers.
Visier makes first acquisition, acquiring Yva.ai’s tech and team to expand understanding of how employees work
Visier plans to parlay deal into new collaboration analytics product.
Tailscale closes $128 million CAD Series B to scale VPN service, amass more developer evangelists
Amid a sea of top-down network security solutions, Tailscale’s bottom-up approach is paying dividends.
Sprout.vc closes initial $10 million for second Western Canada-focused seed fund
Sprout.vc aims to sow seeds for more B2B software startups to grow.
Think Research posts record 438 percent revenue increase in Q4 2021 following acquisitions
Think Research saw 178 percent YoY rise in revenue, nearly tripled net loss last year.
Nicoya acquires University of Toronto spinout LSK Technologies to bolster testing capabilities, expedite product roadmap
Deal adds LSK’s “lab-in-a-box” testing platform to Nicoya’s portfolio of digital proteomics tech.
Part3 closes $625,000 to help architects manage construction projects
As wave of construction tech solutions target contractors, Part3 serves architects.
Amid rising competition with Amazon, Shopify reports 45 percent increase in economic activity fuelled by its merchants
Report comes as Shopify pursues Deliverr, Amazon encroaches on Shopify’s territory.