Mindbridge loses former CIO of Canada after a few months in role
Alex Benay, the former CIO of Canada, has left his role at Ottawa-based Mindbridge after a short few months stint. The news came Thursday,…
Clean energy investing startup CoPower to be acquired by Vancity Community Investment Bank
CoPower, a clean energy investing startup, is set to be acquired by Vancity Community Investment Bank (VCIB), a Toronto-based chartered bank and subsidiary of the…
Looka lays off 80 percent of staff as failed rebrand from Logojoy cut revenue in half
Looka, the Toronto-based startup that uses artificial intelligence and machine learning to design logos, has laid off 80 percent of its employees, BetaKit has…
Shopify launches email product to do battle with old partner Mailchimp
Shopify announced on Tuesday that the e-commerce company is expanding into the email marketing space. This new product line puts the Ottawa-based company in…
Coveo raises $227 million CAD to pursue “aggressive” growth in AI e-commerce market
Unlike some other Canadian AI companies, Coveo has flown relativity under the radar since it was founded in 2005. That hasn’t stopped the Québec…
Digital identity company 2Keys acquired by Interac
2Keys, an Ottawa-based leader in digital identity, has been acquired by Interac. Terms of the deal were not disclosed. Interac sees the acquisition as…
RenoRun raises $22.5 million Series A
A short 13 months after closing its seed round, RenoRun, the Montreal startup that connects construction workers with on-demand materials, has closed its Series…
Conexus hits $30 million fund target to support “forgotten” startups
The Conexus Venture Capital Fund, launched earlier this year by the Regina-based Conexus Credit Union, has reached its $30 million fund target, as the…
Dan Doctoroff still believes Sidewalk Labs can build a smart city
Following the agreement reached by Waterfront Toronto and Sidewalk Labs on Thursday, to move forward with the smart city development project at Quayside, Sidewalk…
Waterfront Toronto agrees to press forward on Sidewalk Labs Quayside project
At a board of directors meeting on Thursday morning, Waterfront Toronto agreed to move forward with Sidewalk Labs on the development of the lakeside…
Shopify CEO Tobi Lütke to donate 1,000,001 trees, following one million customer milestone
One day after releasing its Q3 2019 report, which revealed that the Ottawa-founded e-commerce company had reached one million users, Shopify co-founder and CEO…
National Bank launching FinTech innovation competition
National Bank is launching a new competition aimed at developing new solutions for the wealth management industry. National Bank is calling the ‘Innovation Competition’…
Shopify quarterly revenue growth slows as company hits million merchants
Shopify has released its Q3 2019 financial results, which ended September 30, 2019. The company is reporting total revenues of $390.6 million (all numbers…