CleanBC program investigation prompts fear of provincial startup fallout from cleantech and grant experts
“The first people that lose out are the companies [that] the program was set up for.”
fintech
Harvest Ventures, New York-based IA Capital back Summit’s $3.5-million seed round
Digital insurance broker offers range of products, including to other FinTech firms.
R|T: The Retail Times – Lightspeed makes first cuts since Dax Dasilva’s return
Plus: Nuvei to officially go private in $6.3B deal.
Meet the Y Combinator Winter 2024 cohort startups with Canadian roots
W24 participants include Senso, DraftAid, AgentHub, GovernGPT, Datacurve, and more.
R|T: The Retail Times – Why women in retail are leaving CEO positions
Plus: Lightspeed CEO muses about privatization; Giant Tiger’s cyberattack.
Brim Financial closes $85-million Series C led by EDC to fund US expansion
FinTech firm fuels up to accelerate growth south of the border.
Startup Open House returns to its roots after acquisition by MTL NewTech
The one-day showcase is hoped to draw up to 900 attendees.
Nuvei to be acquired by US-based Advent and taken private in $6.3-billion USD deal
Nuvei will become the latest in string of publicly traded Canadian tech companies to go private.
Why Dax Dasilva thinks about taking Lightspeed private
Plus: Notman House is for sale. A startup-led effort wants to buy it back.
WonderFi responds as shareholders Kaos Capital, Mogo push for board overhaul
Kaos and Mogo want board changes. WonderFi claims Mogo wants control without paying a premium.
R|T: The Retail Times – Tobi Lutke granted a nine-figure Shopify compensation package
Plus: Sonder faces class action, Busbud continues LATAM push.
A|I: The AI Times – Cohere seeks big-time valuation despite small-time revenue
Plus: Canada’s underinvestment in computing threatens its AI advantage.
Earned wage startup ZayZoon brings on two new backers with Series B extension
The extension brings the FinTech startup’s Series B round to nearly $50 million USD.
John Ruffolo has advice for Canada’s pension funds
Plus: CDPQ quietly shutters $250-million D&I fund.
Borderless AI launches from stealth with $27 million for HR assistant
AI-powered product can answer legal, finance, or tax queries in 170 languages.