Shopify unveils term loans, lines of credit for merchants
President Harley Finkelstein said new offerings represent the “next evolution of Shopify lending.”
Canadian Startup News
SumoQuote acquired by Utah-based roofing software firm JobNimbus
SumoQuote will continue to operate out of its Calgary office.
Inovia report indicates Canadian software sector is returning to normal
Canadian VC funding bounced back from an annual decline in Q4 2023 more aggressively than other countries.
Canada, UK sign agreements to work together on AI compute capacity, high-tech research
Agreement follows the collapse of free trade talks between the countries last week.
Government of Canada finally launches consultations on SR&ED modernization
Long-awaited review of key R&D tax credit to focus on boosting IP creation and retention.
Palisade closes $1.5 million CAD, launches email deliverability score tool
Startup aims to get emails to more inboxes, fewer spam folders.
Exro to acquire California-based SEA Electric in $332-million CAD EV-tech deal
Exro said deal provides it with “a defined path” to profitability.
With federal backing, University of Calgary gears up to launch ElevateIP Alberta program
Startups will be able to access up to $100,000 in IP-related funding.
Tokens.com blazes in asset sale to StoryFire
The Web3 business has also put its domain up for sale.
Communitech names six new Canadian tech companies on track to reach $1 billion in revenue by 2030
The startups include GoBolt, Humi, Smile Digital Health, SWTCH, ZayZoon, Connect Tech.
AI-powered medical record reviewer Wisedocs closes $12.7-million CAD Series A round
Wisedocs claims it has more than doubled its customer base in 2023.
Sports content startup STN Video acquired by Minute Media
Victoria startup’s platform distributes video content from major sports leagues.
Femtum raises $5 million CAD to commercialize lasers for semiconductor manufacturers
Seed round was led by deep tech fund i4 Capital and ELAS Technology Investment.
University of Calgary’s “venture philanthropy fund” UCeed targets pre-seed funding gap
Three and a half years since its launch, UCeed has grown into one of Canada’s most active early-stage investors.
In banking licence pursuit, Koho is chasing a “seat at the table” and real competition
Former Tangerine CEO Peter Aceto tapped to lead Koho Bank.