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Tiggy raises $6.3 million to expand 15-minute grocery delivery service beyond Vancouver (BETAKIT)
Tiggy said the round also attracted undisclosed investors from Europe, Russia, United States, and Canada, as well as from international funds such as Global Founders Capital.
Canadian online furniture company Article eyeing U.S. IPO in new year: sources (THE GLOBE AND MAIL)
Article would be the latest in a string of well-known North American online merchants to go public recently, including Allbirds Inc. and Warby Parker Inc.
Snappy receives $2 million to scale restaurant management tech (BETAKIT)
Founded in 2016, Snappy provides restaurant management technology for customer touchpoints including point-of-sale, online orders, loyalty programs, reservations, waitlists, and custom-branded mobile apps and websites.
Scoop: Gopuff raises $1.5 billion (AXIOS)
Gopuff, an instant delivery platform for everyday items, has raised $1.5 billion in what could be a valuation of up to $40 billion, Axios has learned.
How the global “phenomenon” of impact investing is heating up in Canada (BETAKIT)
In a recent BetaKit Live, Blair Miller, Managing Partner of the TELUS Pollinator Fund for Good, Chenny Xia, the CEO of Pollinator Fund portfolio company Gotcare, and Amit Bouri, the CEO of the Global Impact Investing Network (GIIN), looked back on how impact investing has developed globally, the growth of impact investing in Canada, and what it means to scale impact.
Family business deals help fuel Carvana’s explosive growth (WALL STREET JOURNAL)
Online used-car seller says it will keep striking new deals with companies controlled by the CEO’s father, Carvana’s largest shareholder.
Armed with $1.2 million, Eva plans to bring ride-sharing, delivery software to new markets (BETAKIT)
The Montréal-based software startup offers what it claims is “the first ride-share and delivery platform built on blockchain.”
How Shein beat Amazon at its own game — and reinvented fast fashion (REST OF WORLD)
By connecting China’s garment factories with Western Gen-Z customers, Shein ushered in a new era of “ultra-fast” shopping.
New mandate letter gives Minister Champagne long to-do-list for Canadian tech and innovation (BETAKIT)
The letters came two months after Trudeau announced his new, post-election cabinet on October 26. The shuffle followed the September election, which saw the prime minister lose some of his cabinet ministers.
Amazon ramps up plans for Instacart-like service in U.S., Europe (THE INFORMATION)
The Information has learned that Amazon plans to expand the online grocery-ordering and -delivery program throughout Europe and in the U.S. in 2022.
Rokt raises $325 million as it preps for planned IPO (WALL STREET JOURNAL)
The e-commerce marketing technology company said the funding round, led by Tiger Global Management, values the company at $1.95 billion.
SVB report finds Canadian venture activity reached new heights in 2021 (BETAKIT)
Canada is set to finish off 2021 with a new record for venture capital deals, according to Silicon Valley Bank’s State of the Markets report for the fourth quarter of 2021.
OSHA opens probe into deadly Amazon warehouse collapse in Illinois (CNBC)
The facility collapsed as a tornado rolled through, killing six employees.
Brazil’s Olist gets its horn with new $186M funding round (TECHCRUNCH)
The new round follows quickly behind a $23 million Series D extension the company announced in April, led by new investor Goldman Sachs Asset Management to bring its total Series D financing to $80 million.
