Can Canadian FinTech woo the customers that banks have left behind?
Plus: Shopify has a new CTO, Benevity has a new CEO, and Sagard poached from Georgian.
Canadian Startup News
A100, HaloHealth, InterGen get federal funding boost to help commercialize Alberta tech
Alberta startups earned a slight edge over BC in venture funding for the first half of 2024.
Carbon6 acquires American firm Junglytics to provide AI tools for Amazon sellers
Junglytics’ platform provides Amazon sellers with data analysis through a “GPT-style” interface.
Here’s what will make or break the next wave of Canadian IPOs
Mia Morisset of Inovia Capital explains how the go-public goalposts have shifted since 2021.
Technology complicated travel. FlightHub is simplifying it
How a Montréal venture is rebundling travel.
QueerTech among 17 organizations selected by feds to deliver $8-million 2SLGBTQI+ Ecosystem Fund
“Who you are and whom you love shouldn’t hurt your business,” says small business minister.
Benevity appoints MeridianLink president Christopher Maloof as CEO Kelly Schmitt steps down
The charitable donation software platform sought Maloof’s experience in strategic acquisitions and IPO.
Andgo Systems, Conexus among recipients of Saskatchewan-focused PrairiesCan funding
Economic development agency dispenses $6.3 million across nine startups and ecosystem programs.
Sagard hires Georgian’s Parinaz Sobhani as investment firm’s first head of AI
Alternative asset manager bets AI will play a big role in investing over the next decade.
FansUnite sells American subsidiary back to co-founders, delists from TSX
FansUnite said it expects to retain approximately $500,000 CAD to “explore new business opportunities.”
Hardbacon to file for bankruptcy after Google search changes crush affiliate business
CEO says Google’s algorithm updates decimated SEO-reliant financial product referral revenue.
Shopify taps Microsoft executive Mikhail Parakhin as its new CTO
Shopify CEO Tobi Lütke praised Parakhin’s “deep expertise” in AI and machine learning.
New School Foods lands big fish as IKEA joins returning investors in $8-million CAD seed extension
Startup plans to bring plant-based salmon alternative to US, Canadian markets.
Uni-One closes $10-million CAD Series A as foodtech startup’s revenue run rate surpasses $100 million
Vancouver startup claims $60-million post-money valuation, plans to launch in the US later this year.
Happipad has only signed 31 leases since signing $1.3-million deal with Nova Scotia last August
Province referenced 130,000 empty bedrooms when signing deal with the home sharing platform.