#CDNtech companies Nuvei, WonderFi, Thinkific saw revenue growth in Q1 2024
NowVertical’s revenue for 2023 also increased by 91 percent year-over-year to $51.7 million.
Canadian Startup News
Shopify posts revenue beat and surprise loss in Q1, touts European growth
Company plans to remain focused on building for long-term growth and profitability.
WATCH: Shopify’s Tobi Lütke fireside and AMA with Satish Kanwar
Shopify CEO asks for a conversation about “courage” and “ambition” at BetaKit Town Hall.
Shopify CEO says Canada must overcome “go-for-bronze” culture at BetaKit Town Hall
Tobi Lütke tells founders: “There’s less competition if you reach higher.”
Propel unveils latest Atlantic Canada cohort, ventureLAB opens applications for semiconductor incubator
Both accelerators recently received federal funding to continue their operations.
Hard Knocks: The lawyer behind some of Canada’s biggest (and quietest) deals
Chad Bayne talks Verafin, Cognos, and Wealthsimple.
Wealthsimple enters mortgage space through Pine partnership
Wealthsimple partners with the “Wealthsimple for home buying” to help customers avoid a “sucker rate.”
Xatoms is planning a quantum leap to clean the world’s water
R&D-stage startup is using AI and quantum chemistry to purify the world’s most precious resource.
The Growcer raises $3 million Series A backed by former Farm Boy Co-CEO Jeff York
Growcer develops vertical farms in modular containers to help combat food insecurity in challenging climates.
Maia Farms secures $2.3 million as it looks to turn mushrooms into meat alternatives
Startup recently won a space food challenge hosted by NASA and the Canadian Space Agency.
ACOA grants Springboard Atlantic $9.8 million to aid research commercialization
Springboard’s 19 member institutions contributed an additional $5.2 million to the organization.
QueerTech report finds change is lagging for 2SLGBTQIA+ tech workers in Canada
Fewer than 40 percent of respondents feel that 2SLGBTQIA+ employees are “consistently treated with respect.”
Applications open for Innovate BC’s Ignite program to fund local R&D projects
Grants of up to $300,000 are available to BC initiatives in cleantech, energy, mining, agriculture.
ITIF president wonders whether Canada has the “political will” to fix its productivity issues
Rob Atkinson pines for a “killer instinct” while launching the CCIC.
Potential Motors secures $2 million to commercialize terrain-perception software for off-road vehicles
After years of R&D, Potential says it is ready to take its core tech to market.