Shopify bolsters product design team with acquisition of Molly Studio
E-commerce giant’s new Product Design Studio to operate like an “internal agency.”
Acquisitions
Wealthsimple acquires Fey to bolster its investment research capabilities
Financial services platform makes second acquisition of 2025 as assets nearly double year-over-year.
Canadian-led Dayforce to be taken private by Thoma Bravo in $12.3-billion USD deal
Toronto- and Minneapolis-based HR software firm joins wave of tech privatization deals.
Sovra appoints new CEO Tom Spengler as it sells off “non-core businesses” to focus on government tech
Formerly known as MDF Commerce, the now-private Montréal company has also acquired Calgary’s Ontopical.
WonderFi Q2 earnings show widening losses ahead of Robinhood takeover
A volatile crypto market has affected the Canadian startup’s final months of independence.
US-based Landbase buys team and tech behind Canada’s Adauris to advance AI roadmap
Canadian-founded Landbase says Adauris alums will help it bring “vibe AI” to inbound marketing.
Pathway acquired by US telehealth firm Doximity for $63 million USD
Doximity now beta testing a product with Pathway’s AI-powered search technology and medical datasets.
Crypto giant Ripple to acquire stablecoin payments platform Rail for $275 million CAD
Ripple says acquisition will help drive stablecoin innovation and adoption in global payments.
Descartes continues US acquisitions as it navigates global trade upheaval
Supply chain tech firm buys US startup Finale Inventory for up to $55 million USD.
Public safety tech platform Versaterm acquires Texas firm DroneSense for more than $100 million USD
Versaterm CEO says deal “moves us closer to a future where drones are as routine as any patrol or fire unit.”
Dig Insights acquires OneCliq to beef up market research tools with social media analysis
Toronto-based OneCliq says it gleans consumer sentiment from activity on Reddit, Instagram, and TikTok.
Define Capital fuels up for more niche software acquisitions with $28-million debt facility from Scotiabank
Toronto private equity fund warms up to the idea of buying corporate spinoffs and venture-backed startups.
Tenstorrent acquires Blue Cheetah to bring more chip design in-house
AI chipmaker had been licensing Blue Cheetah’s technology since last year.
VitalHub acquires referral platform Novari Health in deal worth up to $48.6 million
VitalHub said the referral management market is a “a key area of investment” for governments around the world.
HR platform Workleap adding compensation management features through acquisition of Barley
Talent management software is also preparing to launch Workleap AI tool within the next week.