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As online pharmacy space heats up, Toronto startup launches “Shopify for pharma” platform (BETAKIT)
Locke Bio has emerged from stealth mode with a platform that allows companies to launch direct-to-consumer digital health and pharmaceutical brands.
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Roblox tops $45 billion on first day of trading as gaming booms (NEW YORK TIMES)
The gaming site, valued at $4 billion a year ago, has benefited from the way children are passing their time in the pandemic.
Trufan looks to consolidate audience analytics products with $2.3 million CAD seed round (BETAKIT)
Toronto-based Trufan has raised a $2.3 million CAD seed round of funding as the company looks to consolidate its two core products.
Gig workers group opposes Uber’s new pitch to provinces, say it lacks fair pay (TORONTO STAR)
Gig workers and employment lawyers say Uber’s new proposal allows the company to continue to avoid treating its couriers and drivers fairly and to keep them in a state of precarity.
Wrapbook raises $34 million CAD to capitalize on digital transformation in entertainment industry (BETAKIT)
Wrapbook, a Toronto and New York-based startup at the intersection of entertainment and FinTech, has raised a $34 million CAD Series A round led by Andreessen Horowitz.
Google says Microsoft’s stance on news is effort to distract from hack (WALL STREET JOURNAL)
Two giants with a history of sparring trade shots over tech’s impact on news industry.
Pinterest expanding Toronto presence with new engineering hub (BETAKIT)
Pinterest has revealed plans to expand its Toronto presence with 50 hires and an engineering hub in the city.
How Line is fighting disinformation without sacrificing privacy (REST OF WORLD)
The chat app’s Fact Checker program is proving that private messaging platforms can do more to moderate harmful content.
PitchPoint Solutions secures $4.5 million from CIBC Innovation Banking (BETAKIT)
To date, PitchPoint told BetaKit it has raised approximately $11 million in funding.
Uber, Lyft team up on database to expose abusive drivers (AP NEWS)
The new safeguard, dubbed the “sharing safety program,” will be overseen by HireRight, a specialist in background checks.
Emerge Commerce closes $11.9 million in first tranche of private placement (BETAKIT)
Toronto-based Emerge Commerce, which owns and operates e-commerce brands, has closed $11.9 million in the first tranche of a private placement.
