Deck co-founders call non-compete lawsuit from former employer National Bank “frivolous”
Defendants deny claims that they’ve built a competing FinTech business.
Montréal
Mila and Inovia launch venture fund to turn AI research “diamonds” into startups
National platform targets $100-million USD fund with plans to back 55 companies.
Teamworks, the “operating system for sports,” buys hockey analytics platform Sportlogiq
Sportlogiq says its platform is used by 97 percent of NHL teams, and serves more than 220 clients worldwide.
Goodfood sees “pressure” in meal kit market as it posts 21-percent drop in sales
Despite $2.6 million net loss, Goodfood exec claims Q1 represents “a clear step in stabilizing the business.”
Mila researchers target “AI psychosis” amid concerns about chatbots’ mental health impact
Research hub’s AI Safety Studio looks to limit chatbot outputs that feed users’ delusions.
Canadian Food Inspection Agency reinstates Goodfood’s safe food licence
Meal kit service’s Montréal facility back in operation following nine-day suspension.
Ssense founders’ bid to buy back company successful, pending approvals
Deal for control of embattled luxury retail platform expected to close before Feb. 13.
Canadian Food Inspection Agency suspends Goodfood’s safe food licence
Suspension follows months of executive turnover at meal-delivery company.
Amiral Ventures holds $40-million first close to address “lack of leadership” in Canadian VC
Montréal firm backed by Québec government, Desjardins Capital, and nearly 50 individual LPs.
Canadian payments companies’ “sugar high” ended in 2022. VCs say a new spike is coming
Payments startup creation dropped by 44 percent from 2022 to 2023, according to Luge Capital report.
National Bank sues Flinks co-founders for alleged non-compete violation
Founders of new startup Deck deny allegations, say they were authorized to build venture.
Lightspeed will pay $11 million to settle class-action suit, Québec judge rules
Retail tech firm admits no liability for allegations of overstating performance metrics.
Montréal’s seventh Startup Community Awards get a new home, and a new tone
After community feedback, revamped awards use new innovation hub to refocus on founders.
Lightspeed president JD Saint-Martin returning to VC roots at Boreal Ventures
Saint-Martin will join the Montréal firm at the end of March as it raises its second fund.
Xposure Music’s $42.5-million USD raise will help it spot the next generation of streaming music stars
Montréal music buyer uses AI analytics to bet on long-term indie music success.