Market watch: Lightspeed, Nuvei increase revenues but reports lead shares to fluctuate
Lightspeed’s share price dropped after the report was tabled.
Montréal
Google opens new Montréal office, commits $2.75 million to Québec tech
Google finally opens new Montréal office after big 2020 commitment to expand in Canada.
RenoRun lays off 43 percent of staff to extend runway as inflation rises and consumer confidence falls
RenoRun founders: “The business climate we are operating in has fundamentally changed.”
Workflow SaaS integrator Unito raises $20 million to build more integrations
Unito wants to break into more SaaS categories, starting with support tools.
Nolk raises $30 million, acquires home goods brands Ergonofis, Opposite Wall
Nolk intends to use the capital for more acquisitions.
Element AI co-founder launches Waverly to fix the internet by changing the way people consume content
Philippe Beaudoin wants to fix the internet. But what if the internet is a rigged game that can’t be fixed?
VMware launches new AI centre in Montréal
Next G-AI Research and Innovation Centre adds to Montréal AI cluster.
CBC alumni secure $3 million to help musicians collaborate remotely with BeatConnect
BeatConnect plans to build a marketplace for creators to sell their sounds.
Startup Montréal hosts 7th annual Grande-messe startup showcase
At the event, National Bank committed $1 million to Startup Montréal.
L-SPARK selects six startups for latest B2B SaaS accelerator cohort
Cohort participants’ tech range from identity verification to same-day delivery management.
Lightspeed adds Google alum Ryan Tabone as chief product and technology officer
Tabone’s hire comes as Lightspeed shifts focus from acquisitions and integrations to innovation.
Class action lawsuit filed against Wealthsimple, Shakepay over alleged misleading crypto trading fees
The suit is seeking $10 million in punitive damages from both startups.
HelloSafe secures $4.2 million to expand its financial comparison solution across Canada
HelloSafe claims over one million monthly users in Canada.
Real Ventures swaps managing partners as firm pauses fundraising
Co-founder John Stokes takes helm as Janet Bannister transitions to partner.
Espace CDPQ appoints Nicolas Rubbo as managing director
Nicolas Rubbo is tasked with boosting the hub’s impact and profile.