Lightspeed reports 51% revenue growth in fiscal Q2 2020
Lightspeed POS has announced its financial results for the second quarter of the fiscal year 2020. The results cover two fiscal…
Canadian Startup News
Looka lays off 80 percent of staff as failed rebrand from Logojoy cut revenue in half
Looka, the Toronto-based startup that uses artificial intelligence and machine learning to design logos, has laid off 80 percent…
Facedrive in strategic partnership with Will Smith, Jada Pinkett Smith’s content company
Toronto-based ridesharing company Facedrive has made an investment in Westbrook Global, a content creation company co-founded…
Canadian immigration policy meets the 4th Industrial Revolution
It goes without saying that the skills needed to support the Canadian economy 10 years ago are not the same today, nor will…
Chip startup Untether AI announces $9.2 million in funding closed in May
Toronto-based chip startup Untether AI recently announced that it has raised an additional $9.2 million CAD ($7 million USD),…
Shopify launches email product to do battle with old partner Mailchimp
Shopify announced on Tuesday that the e-commerce company is expanding into the email marketing space. This new product line…
BDC spinout Amplitude Ventures closes half of newly-launched $200 million health fund
Amplitude Ventures, a Montréal-headquartered investment firm focused on health and the life sciences sectors has announced…
Coveo raises $227 million CAD to pursue “aggressive” growth in AI e-commerce market
Unlike some other Canadian AI companies, Coveo has flown relativity under the radar since it was founded in 2005. That hasn’t…
Planswell CEO attributes company downfall to “social media storm” in investor email
An email to Planswell investors obtained by BetaKit sheds new light on the recent demise of the Toronto-based FinTech startup.…
Ryan Holmes steps down as CEO of Hootsuite
CEO of Vancouver-based unicorn Hootsuite, Ryan Holmes, has announced he is stepping down from the role. In a resignation announcement…
Today in funding ($27.8 million): CTO.ai, MindBeacon
Two Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised how much,…
Digital identity company 2Keys acquired by Interac
2Keys, an Ottawa-based leader in digital identity, has been acquired by Interac. Terms of the deal were not disclosed. Interac…
Diagram-backed Collage acquired by People Corporation
Winnipeg-based group benefits and human resource provider People Corporation has announced its acquisition of Collage, a cloud-based…
Mylo raises $10 million Series A with support from National Bank, Desjardins
Montreal-based FinTech startup Mylo has raised $10 million in Series A financing for its saving and investing platform, in…
Planswell shuts down
Toronto-based FinTech startup Planswell is no more. In a notice posted on the company’s website, Planswell indicates that…