Descartes acquires US-based GroundCloud for $138 million USD
Descartes aims to apply GroundCloud’s safety content, compliance solutions across more industries.
Canadian Startup News
Blaise Transit signs contract to deploy on-demand transit tech in Nova Scotia
The tech will be deployed to 23 communities over 12 months.
Federal government reveals breakdown of $700 million renewed commitment to Innovation Clusters
Renewed funding follows previous lobbying efforts to increase investments into clusters.
Real Ventures partners with Panache, Inovia to relaunch FounderFuel accelerator
Longstanding venture-backed startup program goes national with hybrid approach.
WFHomie acquired by Houston’s GoCo to create all-in-one HR platform
WFHomie was the first investment out of Ryan Holmes and Manny Padda’s fund LOI Venture.
GreenSky expands team, secures $17 million first close of Fund V as firm sees opportunity amid the downturn
“When you get that kind of volatility … that’s when you get the best opportunities.”
Thinkific, WonderFi, VerticalScope face leadership changes following layoffs
Canadian tech companies hit with executive exodus amid sector downturn.
Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition by Thoma Bravo
Magnet Forensics shareholder contests deal; independent Magnet directors push back.
As unregulated crypto players collapse around the world, Netcoins expands into the US
Canadian firm aims to offer “compliant” alternative to unregistered US exchanges.
GSoft acquires Didacte to bolster employee engagement software suite
GSoft said this marks the beginning of more acquisitions.
Following exit to Live Nation, Universe founders secure $10.8 million for online art marketplace Peggy
Peggy uses AI to help artists and collectors authenticate artwork.
Levr.ai closes $1 million in pre-seed funding to simplify loan applications
After seeing qualified businesses struggle to secure financing, Levr.ai sought to create an easier process.
Shopify unveils new features for shopping app, fulfillment network in latest products update report
Shopify focused on expanding its fulfillment network and Shop app.
Raven.ai aims to address supply chain issues following $12 million USD Series A
“We believe Raven’s solution will play a key role in engaging these frontline teams.”
Atlantic Canada healthtech firms NovaResp, SiftMed, The Rounds secure funding
Rounds for all companies were led by or had participation from Atlantic Canada-based VCs.