Why Clio didn’t IPO
Plus: The largest Series A raised by a Black female founder in Canada.
Markets
WonderFi working on Ethereum-based products with new innovation and development arm
Dubbed WonderFi Labs, the new arm is working on a Layer 2 blockchain and non-custodial wallet.
Bitfarms appoints Ben Gagnon as CEO amidst activist threats from Riot Platforms
Bitfarms parted ways with a CEO in March, kicking off a lawsuit and a public spat with Riot.
Healwell AI invests $2.7 million CAD into Elon Musk’s xAI to tap into company’s expertise, resources
Healwell CEO touts access to xAI’s closed developer program as big potential benefit.
Shopify announces embedded AI as part of Summer 2024 Edition product updates
Shopify is using AI for image editing, product creation, customer support, navigation.
Copperleaf Technologies to join wave of #CDNtech go-privates in $1-billion deal with IFS
Copperleaf expects IFS to continue investing in its Vancouver team.
After over a decade at Lightspeed, JP Chauvet aims to be “good sounding board” as Inovia’s newest executive-in-residence
In wide-ranging BetaKit interview, Chauvet takes stock of Lightspeed tenure, shares plan to help other entrepreneurs.
Riot Platforms raises stake in Bitfarms following Riot’s rejected takeover bid
Riot says decision prompted by allegations in former Bitfarms CEO’s lawsuit with company.
US court overturns $40-million USD patent infringement verdict against Shopify
Shopify calls the judgment “a significant victory in the battle against patent trolls.”
Lightspeed stock jumps as Dax Dasilva stays put, posts positive Q4 earnings
The firm’s founder is officially back in the CEO chair, shedding the interim label he’s had since February.
Shopify posts revenue beat and surprise loss in Q1, touts European growth
Company plans to remain focused on building for long-term growth and profitability.
WonderFi’s Bitbuy purchases clients of Bitstamp as fellow crypto exchange exits Canada
WonderFi and some disgruntled shareholders have also reached a deal to refresh its board.
Lightspeed reduces staff by 10 percent in suite of cost-cutting steps following Dax Dasilva’s return
Layoffs part of company’s reorganization strategy following a disappointing response to Q3 earnings.
Nuvei to be acquired by US-based Advent and taken private in $6.3-billion USD deal
Nuvei will become the latest in string of publicly traded Canadian tech companies to go private.
WonderFi responds as shareholders Kaos Capital, Mogo push for board overhaul
Kaos and Mogo want board changes. WonderFi claims Mogo wants control without paying a premium.