Ritual CEO, R&D team members to join Shopify
Shopify continues habit of adding founders to its team.
layoffs
Humi acquired by Australian HR software company Employment Hero
Sources told BetaKit the purchase price is $155 million CAD.
Province funnels $9 million into Québec Tech amid critiques over government spending
Minister Christopher Skeete: Québec startups can’t compete at a global scale without government assistance.
Ali Asaria on the limits of computer-like logic
The serial entrepreneur learns how to connect in a polarized environment.
Alberta Enterprise Corporation launches Accelerate Fund IV with $15 million to back early-stage tech startups
First close from AEC brings Fund IV more than halfway to its $25-million target.
Benevity reports over $140 million donated through its platform this Giving Tuesday
Calgary company sees dip in total donations, but rise in volunteering compared to 2023.
Sheertex maker SRTX gets $35 million CAD backing from IQ to grow manufacturing operations in Québec
STRX looking to close $70-million CAD convertible note financing round before end of year.
Online brokerage Questrade lays off undisclosed number of employees
Questrade appears to have quietly exited digital mortgage business around same time Wealthsimple entered it.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
Hopper restructures again following renewal of Expedia partnership
Hopper reportedly cut 10 percent of staff just over a year after its last restructuring.
We need to talk about startup failure
Plus: Alberta Innovates the second provincial innovation to face a cyberattack this year.
Federal government reinvests in Scale-Up Platform with $47.5 million commitment to Invest Ottawa, MaRS, and Communitech
Scale-Up Platform offers regionally tailored programming for entrepreneurs in high-growth sectors.
Trolley secures $32-million CAD Series B to expand payout platform’s global reach
Growth equity financing for Montréal-based FinTech startup backed entirely by American investors.
Neo Financial’s $360-million Series D features big names, unanswered questions
Shopify, Slack, PointClickCare, Roblox founders back FinTech scaleup in down round led by unnamed Chinese investor.
Meanwhile, in Canada
Plus: WonderFi CEO Dean Skurka unharmed after kidnapping incident.