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Bold Commerce raises $35 million CAD Series B backed by OMERS (BETAKIT)
Bold Commerce is hoping a $35 million CAD ($27 million USD) Series B round will help it become the platform to power commerce anywhere and everywhere.
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
Pandemic online shopping boom has generated bumper crop of vulnerable personal data, e-commerce experts warn (CBC)
Online shopping in Canada has more than doubled since pandemic restrictions hit, and that has important implications for consumers and the privacy of their data, e-commerce experts say.
Uber, after buying Postmates, lays off more than 180 employees (NEW YORK TIMES)
The layoffs include most of the executive team at Postmates, the food delivery app that Uber bought last year.
Vancouver e-commerce brand KITS Eyecare closes $55 million IPO, begins trading on TSX (BETAKIT)
Vancouver e-commerce retailer KITS Eyecare, a digital eyewear company, has closed a $55 million initial public offering and began trading on the TSX Tuesday.
How Shopify became the new retail empire (MODERN RETAIL)
For a decade, Shopify has been slowly growing, describing itself as a quiet no-nonsense back-end tool to help merchants grow their businesses. And over the last year it became an empire.
The cutthroat war to dominate China’s grocery delivery industry (REST OF WORLD)
Community group buying is helping tech giants capture a valuable new market. But can neighborly trust be converted into brand loyalty?
Instacart to cut 1,900 jobs, including its only union roles (BLOOMBERG)
Instacart Inc. is cutting about 1,900 employees’ jobs, including 10 workers who recently formed a union, as the company seeks to boost its ranks of contract workers.
Paystone secures $69 million as company chases acquisitive growth strategy (BETAKIT)
Paystone, a London, Ont. and Montreal-based startup that offers customer engagement and payment processing software, has secured a $69 million CAD investment.
Help with vaccination push comes from unexpected businesses (NEW YORK TIMES)
Microsoft, Starbucks and Amazon are among the companies offering the government assistance with logistics and operations.
Why e-commerce companies are turning themselves into banks (MODERN RETAIL)
Walmart might become the latest to enter the retail banking space.
Cashierless tech could detect shoplifting, but bias concerns abound (VENTUREBEAT)
While shoplifting detection isn’t problematic on its face, case studies illustrate that it’s susceptible to bias and other flaws that could, at worst, result in false positives.
Why Ryerson Venture Zone is building a healthtech hub in Brampton fuelled by pilot programs (BETAKIT)
When Ryerson Venture Zone opened applications for its first healthtech incubator program in Brampton, sourcing corporate pilots became a key focus.