Wattpad to be acquired by South Korea’s Naver Corp. for $754 million CAD
Wattpad is set to be acquired by South Korean internet company Naver Corp. for an estimated $754 million CAD ($600 million…
Canadian Startup News
Benevity’s Bryan de Lottinville to step down from CEO role for second time in the last year
Benevity’s founding CEO, Bryan de Lottinville, is stepping away from the leadership role – for the second time…
Think Research to acquire continuing medical education company MDBriefCase
Virtual care company Think Research is set to acquire fellow Toronto-based company MDBriefCase, for a total value of $25.3…
Vancouver e-commerce brand KITS Eyecare closes $55 million IPO, begins trading on TSX
Vancouver e-commerce retailer KITS Eyecare, a digital eyewear company, has closed a $55 million initial public offering (IPO)…
As accessibility compliance deadline looms, CNIB, Ottawa firm partner to offer website audits to businesses
An Ottawa-based web design firm, Craft&Crew, has partnered with the Canadian National Institute for the Blind (CNIB) to…
Bold Commerce raises $35 million CAD Series B backed by OMERS
Once known only as Shopify’s largest app developer, Winnipeg-based Bold Commerce is hoping a $35 million CAD ($27 million…
Ottawa cloud backup startup Rewind raises $19 million CAD Series A
Ottawa-based Rewind has closed a $19 million CAD ($15 million USD) Series A round of financing as it looks to capitalize on…
Report: As optimism increases among Canadian entrepreneurs, tech sector spending expected to decline
A new report from the Business Development Bank of Canada (BDC) indicates an increase in optimism about the Canadian economy…
Hopeful raises $400,000 to help nonprofits harness data
The nonprofit sector contributes billions of dollars to communities across Canada and to the country’s economy as a whole.…
UBC, UNB receive funding from feds, Bell for innovation programming
The Government of Canada and Bell each recently announced planned investments in cleantech and cybersecurity development totalling…
New mandate letters put continued focus on COVID-19 for innovation, small business, economic ministers
Newly released ministerial mandate letters released Friday point to a continued focus on supporting businesses throughout the…
ServiceNow closes $230 million USD acquisition of Montreal’s Element AI
California-based software company ServiceNow has officially acquired Element AI for “approximately” $230 million…
Today in Funding: PLATO, BreatheSuite, TrojAI
Three Atlantic Canada startups, PLATO, BreatheSuite, and TrojAI, have recently announced fresh funding rounds to fuel their…
Shopify awarded two merchant patents as company continues to ramp up IP activity
In recent weeks, Shopify was awarded two merchant patents by the United States Patent and Trademark Office (USPTO). The patent…
Australia-based Afterpay expands offering into Quebec as buy now, pay later space heats up
Australia-based Afterpay will now offer its services in French in a move to target the Quebec buy now, pay later (BNPL) market.…