R|T: The Retail Times – TouchBistro secures big funding amid looming recession
Plus: AirBnB records record revenue.
layoffs
As demand booms and recession looms, Busbud acquires fellow Canadian travel tech startup Betterez
After partnering up for years, Busbud has brought Betterez’s back office platform for transit players in-house.
S|W: The SaaS Weekly – Elon had one hell of a first week at Twitter
Plus: 1Password acquires Texas-based Passage to fuel push into passkeys.
Hopper closes $96 million USD from Capital One at more than $5 billion valuation
Capital One became Hopper’s first B2B client in 2021 after leading its Series F round.
Q4 Inc. CEO confident in 2023 profitability despite continued slow growth
M&A, delistings, frigid IPO market have impacted Q4 Inc’s customer retention, expansion.
Canadian startup news of the week (11/6/22)
Plus: Lightspeed and Nuvei increase revenues, see share prices drop.
R|T: The Retail Times – Solving Shopify: lost swagger? Or “enormous opportunity ahead?”
Plus: Lightspeed promotes CRO JD St-Martin to president as leadership overhaul continues.
Dapper Labs lays off 22 percent of staff
Vancouver tech startups Dapper and Hootsuite both made layoffs this week.
TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty
Amid looming recession and stiff competition, TouchBistro sets sights on growing efficiently.
Canadian startup news of the week (10/30/22)
Plus: Placing future bets on Shopify and Wealthsimple.
After two quarters of sluggish growth, Shopify increases revenues in Q3 2022, but eyes future quarters for road to recovery
Shopify share price rises along with reports of increased revenues in third quarter results.
RenoRun lays off 43 percent of staff to extend runway as inflation rises and consumer confidence falls
RenoRun founders: “The business climate we are operating in has fundamentally changed.”
R|T: The Retail Times – Instacart reportedly pulling IPO plans
Plus: Does Shopify have a customer retention problem?
WonderFi swaps CEOs, plans hedge against crypto volatility with stock trading and sports betting
New CEO brings operational experience as WonderFi looks to diversify beyond crypto to find new revenue streams.
S|W: The SaaS Weekly – Microsoft makes more—quiet—staff cuts
Plus: BetaKit takes over SAAS NORTH stage in November.