Elevate cancels 2020 tech festival, secures $5 million to launch new global innovation hub
As Elevate joins the drove of conferences to cancel their 2020 events due to safety concerns caused by the COVID-19 pandemic,…
Canadian Startup News
Shopify revenue grows 97 percent in Q2 2020 as large number of retailers join platform
Shopify has released its financial results for Q2 2020, the period which ended June 30, 2020; recording a total revenue of…
StellarAlgo closes $1.5 million to help sports, live audience sector better engage with fans
StellarAlgo is a Calgary-based startup that has developed a SaaS customer data platform that allows live audience businesses,…
Two years after acquisition of Hubdoc, Xero names Toronto its North American tech hub
New Zealand-domiciled small business accounting platform Xero has named its existing Toronto office as the company’s North…
CRA extends payment deadline on tax returns, offers interest relief on tax debts
The Canada Revenue Agency (CRA) has extended the payment deadline for individual, corporate, and trust income tax returns for…
Mogo officially launches carbon offsetting digital spending account, MogoSpend
Vancouver FinTech startup Mogo has launched MogoSpend, a free, new, prepaid Visa-based digital spending account that encourages…
SaaS startup Conexiom raises $40 million in strategic growth financing
Vancouver-based Conexiom, a supply chain SaaS startup offering sales order and invoice automation solutions for manufacturers…
Report: altering Canada’s approach to public procurement could stimulate innovation
A new approach to public procurement might be an answer to Canada’s innovation problem, according to a recent report published…
Diagram-backed Wingocard closes $2 million to bring mobile banking to teens
Wingocard, a new Montreal-based startup focused on personal finance for teens, has closed a $2 million seed round led by Diagram…
eSight launches fourth version of wearable glasses for people with visual impairments
Electronic glasses company eSight has launched eSight 4, the newest version of its wearable assistive device designed to enhance…
Senate passes changes to 75 percent wage subsidy
The Liberal Party of Canada’s proposed changes to the Canada Emergency Wage Subsidy (CEWS) passed in the Senate Monday. The…
Fable Tech Labs raises $2 million seed round to bring accessibility to digital products
Fable Tech Labs, a Toronto-based startup that aims to help businesses test whether or not their technology is accessible to…
Black Swan #16: Minister Bains explains the feds’ COVID-19 response
Since the beginning of the pandemic, the federal government has had a direct hand in supplying support to sustain the Canadian…
VC division makes up almost half of BDC’s $218 million net loss for 2020 fiscal year, amid COVID-19 volatility
The Business Development Bank of Canada (BDC) doled out $7.4 billion in loans in the fiscal year 2020, an increase of 2.5 percent…
Minister Ng open to expanding CAN Health procurement project model to other sectors
The CAN Health Network is a project that was launched by the federal government last year to help connect healthtech startups…