Private equity firm Vertu Capital acquires developer platform ActiveState
Vertu closed $300 million CAD for its first private equity fund in March.
Canadian Startup News
Virtual care platform Mednow announces restructuring, looks for buyer
Receivership occurs just over two years after listing on the TSX Venture Exchange.
Government of Alberta proposes changes to clear path for tech firms to use ‘software engineer’ title
The province’s new bill follows tech sector clash with engineering regulator.
Universities of Regina, British Columbia among 19 recipients of CRIN’s $16.1 million CAD commitment to clean up Canada’s oil and gas industry
CRIN received $100 million from the SIF in 2020 to lower the environment impacts of fossil fuels.
Slack CEO Lidiane Jones to depart after a year in the role
Jones will become CEO of Bumble as Salesforce-owned Slack looks for its third CEO in as many years.
Sanctuary AI, RainStick among #CDNtech companies named to TIME’s 2023 Best Inventions list
The list also recognized neural earbud developer Naqi Logix and lithium tech firm Li-Metal.
The BetaKit Keynote Stage returns to SAAS NORTH 2023
Workleap, Wealthsimple, OpenView, BDC leaders among stage headliners November 15-16.
Electronic circuit manufacturer SMT Intelligence raises $68 million from the Fonds FTQ
SMT uses robotics, AI to produce over eight million electronic circuits annually.
Why Canadian SMBs are choosing managed service partners to protect against cyber threats
New Cisco data shows only nine percent of Canadian businesses are prepared to handle hybrid security risks.
Nova Scotia taps Maple to expand free virtual care to the entire province
Maple will expand from servicing 145,000 Nova Scotians to over one million.
BetaKit Live: Getting Hybrid Work Right
What the new best practices to ensure that businesses in 2023 are getting hybrid work right for the long term?
Lightspeed’s stock rises as firm exceeds outlook for fiscal Q2, achieves positive EBITDA
Company takes a step towards profitability, boosts revenue guidance.
Faire cuts 250 employees in its second layoff round in last year
Last year, Faire slashed seven percent of its workforce as the e-commerce boom dimmed.
Cultivator’s AgTech accelerator startups surpass $80 million in funding since January 2022
Applications are open for its third cohort set to begin in March.
Shopify shares jump after company’s Q3 revenue, profit beat analyst expectations
Cost reductions, fulfillment changes help fuel strong Q3 for Shopify.