OSC introduces interim order to help facilitate startup securities crowdfunding
The Ontario Securities Commission (OSC) has introduced an interim local order that adopts a startup crowdfunding “regime”…
Canadian Startup News
While venture funding stays consistent, BC startup deal count sees Q1 decline
Venture funding in British Columbia (BC) reached $246 million over 50 deals in the first quarter of 2020, as Victoria emerged…
BC RDA invests nearly $3 million in Innovate BC to help tech entrepreneurs recover from COVID-19
The Government of Canada has invested $2.95 million CAD in Innovate BC for two programs to help British Columbia (BC) tech…
FedDev Ontario invests $30 million in eight Waterloo Region companies
The Government of Canada has invested nearly $30 million CAD in eight Waterloo Region-based manufacturing, medtech, and information…
Sun Life leads $43 million round of financing in telehealth startup Dialogue
Montréal-based telehealth startup Dialogue has raised $43 million CAD led by Canadian life insurance company Sun Life Financial.…
Financial Data Exchange launches in Canada looking to create industry standard for financial data sharing
Financial Data Exchange (FDX), a United States-based non-profit organization dedicated to developing an industry standard for…
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,…
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…