Mogo planting trees to offset carbon emissions from Bitcoin mining
In the midst of the controversy over the climate change impact Bitcoin mining causes, the FinTech startup Mogo Inc. has launched…
Canadian Startup News
Optina raises $24 million to bolster AI-powered early Alzheimer detection device
Montréal-based healthtech startup Optina Diagnostics has raised $24 million CAD in its Series A funding round. The financing…
Hopper’s Series G kept Montréal funding strong in Q3
Montréal’s tech ecosystem continued to see strong venture funding in the third quarter of 2021, raising a total of $408.7…
Sonder lowers valuation expectations for SPAC deal amid market conditions
As part of its reverse takeover deal, travel tech company Sonder has changed its valuation from its original estimate of $2.2…
Microsoft acquires BC-based Two Hat to moderate Xbox content
Microsoft has acquired Kelowna-based startup Two Hat to bolster its online safety moderation efforts. The startup’s software…
CoinSmart the latest Canadian crypto trading platform to receive exemption from regulators
Toronto-based cryptocurrency exchange CoinSmart has been exempted by regulators to operate as a restricted dealer under securities…
BetaKit Live: The State of Canadian Startups on November 3rd
Canadian businesses are managing a lot right now, from an accelerated digital transformation to an employee shift to remote…
Lumira Ventures latest Canadian VC to jump on SPAC trend in pursuit of US medtech firms
A newly formed special purpose acquisition company (SPAC) with executives from and backed by Canada’s Lumira Ventures set…
Lightspeed continues e-commerce push with product developed through Ecwid acquisition
Lightspeed has launched a newly updated e-commerce product built on the integration of its acquisition of Ecwid. Founded in…
After booming Q2, Waterloo Region deal volume hit two-year low in Q3 2021
With only five deals closed, venture funding activity in the Waterloo Region fell to a two-year low in the third quarter of…
D2L cuts size, pricing of TSX IPO
Kitchener-Waterloo-based e-learning software company D2L has reduced the size and pricing of its planned initial public offering…
Former CTO the latest Coinsquare exec to sue the crypto startup
Simon Palmer, who previously served as Coinsquare’s chief technology officer (CTO), has filed a lawsuit against the Toronto-based…
Shopify increases revenues and gross profits, posts operating loss in Q3 2021
Shopify posted total revenue of $1.12 billion, up 46 percent year-over-year as it announced its third-quarter results for 2021.…
Crewdle raises $2.15 million to make video conferencing environmentally friendly
Video communication tech startup Crewdle has raised $2.15 million CAD in a funding round that saw the participation of Anges…
Propel closes over-allotment option, pulls in $70 million for public offering
Toronto-based FinTech startup Propel Holdings has closed its over-allotment option that generated gross proceeds of $9.1 million…