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.
Canadian Startup News
Nasdaq-listed Thoughtworks acquires Toronto software product development firm Connected
With Connected’s integration, Thoughtworks plots for a Canadian expansion.
Space startup Maritime Launch Services goes public on NEO Exchange
As the first space company on the NEO Exchange, Maritime is ready for take off.
Stellar, Genesis among crypto orgs backing Stablecorp in $1.9 million CAD round
Stablecorp wants to increase transparency, security in blockchain transactions.
Terramera receives $1 million from BC to measure carbon levels in soil
Terramera wants to spread regenerative farming techniques across BC.
Swtch Energy secures $16.5 million CAD to expand its electric vehicle charging network to the US
Swtch wants to bring inexpensive EV charging to low income communities.
Startup Genome ranks Vancouver, Toronto-Waterloo among top global AgTech, new food ecosystems
Vancouver came ninth, while Toronto-Waterloo finished 11th.
Technation receives $60 million from Government of Canada to support its student hiring program
Since its inception, the program has secured more than $230 million in overall funding.
Bonsai lays off a third of employees shortly after $21 million Series A, citing shift to growth strategy
CEO says the move is about restructuring to focus on customer acquisition.
Think Research to continue acquisition spree with new $25 million credit facility
Think Research has been actively purchasing companies since its TSXV debut.
Former Shopify CTO Jean-Michel Lemieux joins BenchSci advisory board
BenchSci is on a mission to re-imagine biomedical research through AI.
CVCA argues SEC’s proposed disclosure requirements for private investment funds will hurt Canadian investors
CVCA CEO expects new obligations to have “direct negative impact on Canadian investors.”
OSC reveals seven companies to join testing lab to improve client interactions
Mako, TMX Group, others will test solutions made to know their clients, products better.
Québec government grants $16 million to support quantum innovation at Université de Sherbrooke
PINQ2 aims to connect industries and the research community through quantum computing.
OneVest secures $5 million to help companies like Neo Financial launch wealth management products
CEO: “What Stripe has done for payments, we’re doing for wealth.”