Benevity acquires Swiss firm Alaya to extend global reach
Benevity is acquiring the Swiss SaaS platform Alaya for an undisclosed amount. According to Benevity management, the acquisition…
Canadian Startup News
Sleep Country acquires 25 percent stake in blackout curtains manufacturer Sleepout
Major Canadian sleep retailer Sleep Country has signed an agreement to purchase a 25 percent stake in Sleepout, a Toronto-based…
Shabodi secures $3.3 million to accelerate deployment of next-generation 5G solutions
Toronto-based Shabodi has raised $3.17 million USD in what it classifies as an oversubscribed seed round led by Blumberg Capital,…
Whitecap Venture Partners closes $140 million Fund V to invest across Canada
Whitecap Venture Partners has secured $140 million CAD for its fifth fund, which will invest in early-stage B2B SaaS and medtech…
Damon Motors secures $37.9 million CAD for its AI-backed electric motorcycles
Damon Motors has raised $37.9 million CAD ($30 million USD) in a Series B funding round led by House of Lithium and other undisclosed…
Nuvei shares drop amid short seller report
Payment processing company Nuvei saw its shares on the Toronto Stock Exchange (TSX) and Nasdaq fall rapidly today as a short-seller…
NACO names Backbone Angels’ Arati Sharma 2021 Angel of the Year
Former Shopify senior leader and current founding partner of Backbone Angels Arati Sharma has been named Canada’s Angel…
Former Shopify employees raise $8.5 million from Sequoia, Bessemer for new developer productivity startup Gadget
Ottawa-based Gadget has raised $8.5 million in a funding round led by Sequoia Capital and Bessemer Venture Partners. The financing…
The metrics that show your startup is healthy
After a decade on Wall Street and two more as a venture capitalist, Mike Kwatinetz, of Azure Capital Partners, has developed…
Rebranded Nomic Bio raises $17 million to fuel development of protein-measuring platform
Nomic Bio has secured a new name and $17 million USD in Series A financing to support the growth of its protein-measuring platform.…
Alison Sunstrum, Kookai Chaimahawong join The51’s new AgTech fund
Women-focused investment firm The51 has brought on two venture capitalists for its new Food & AgTech fund. Alison Sunstrum,…
Wealthsimple Trade to launch ‘Plus’ tier, sunset ‘Premium’ offering, streamline US trading
Did someone say rundle?
Tech panel thinks Canadian startups are ready to move from defence to offence in 2022
With over $1.6 billion invested in Toronto area startups and nearly $1 billion invested in Vancouver startups in Q3 2021 alone,…
AlayaCare bolsters C-Suite, board to support next phase of growth
Montréal-based healthtech startup AlayaCare has made a series of new additions to its leadership team, adding some seasoned…
Four startups from initial Entrepreneur First Toronto cohort raise collective $5.7 million CAD
As part of Entrepreneur First Toronto’s initial cohort in the city, startups TriplePlay (formerly Lobby), Vivid Machines,…