Axis Auto Finance lands $15 million to roll out digital loan product
Axis Auto Finance Inc., a Mississauga-based lender that describes itself as a FinTech servicing the alternative auto finance market, is set to raise $15…
AutoTech
Online vehicle auction marketplace E Automotive revs up IPO plans
E Automotive, an online vehicle auction marketplace, is planning to go public on the Toronto Stock Exchange. The company has not announced a date…
FTEX raises $485,000 to increase efficiency of electric vehicles through its motor tech
Montréal-based motor-tech company FTEX has raised $485,000 in a pre-seed, all-equity SAFE funding round that closed in August. The financing saw participation from Front…
In its goal to modernize trucking operations, Rose Rocket raises $31 million CAD
Rose Rocket, a Toronto-based SaaS provider of transportation management software (TMS), has raised $31 million CAD ($25 million USD) in its Series A funding…
AutoLeap revs up growth with an $18 million Series A funding round
AutoLeap just got a jump start with an $18 million Series A funding round, announced October 1. Bain Capital Ventures led the round along…
Gatik reveals Goodyear as strategic investor, announces partnership deal
Major tire manufacturer Goodyear and autonomous trucking startup Gatik have announced a strategic partnership that sees the two companies collaborating on advanced mobility solutions…
Wealthsimple, Clearco top LinkedIn’s Top Startups Canada 2021 list
Toronto-based unicorn Wealthsimple ranked highest on LinkedIn’s Top Startups Canada 2021 list, released September 22. Clearco placed second on the list, while online cosmetic…
Acquisition roundup: Ramp, Top Hat, Wishpond, Trade X, Enthusiast Gaming
Five Canadian tech companies have made acquisitions or have been acquired over the last little while. Here are some highlights of Canada’s movers and…
IIROC briefly halts Facedrive stock after two days of heavy trading
The Investment Industry Regulatory Organization of Canada (IIROC) briefly halted trading in Facedrive’s stock twice on September 17. The Toronto-based ridesharing company’s stock, once…
CarDoor raises $3 million, prepares its online car retail platform for cross-Canada expansion
Toronto-based CarDoor is preparing to expand its online car retailing platform across Canada after raising $3 million CAD in seed financing. Framework Venture Partners…
Facedrive fracas heats up as company confirms it filed suit against its co-founder
Toronto-based ride-sharing startup Facedrive said September 8 that it is “aware of certain allegations circulated concerning the company’s long-term plans,” and confirmed that it…
Facedrive co-founder claims company considering insolvency amid face off with former CEO
The former president and the former CEO of the embattled ride-sharing company Facedrive both issued news releases – September 6 and 7th respectively –…
Ontario, Michigan collaborating on advanced automotive and mobility technology
Ontario and Michigan are looking for tech solutions to alleviate pressure along their shared borders. The two auto-producing powerhouses have issued a joint Request…