Inovia raises $420 million CAD for fifth early-stage venture fund
Inovia’s Shawn Abbott says it’s a great time to be a well-capitalized VC.
Montréal
GoBolt buys same-day delivery startup BoxKnight to accelerate move into small parcel space
Acquisition comes as GoBolt looks to win big in US fulfillment market.
Calgary only Canadian tech city not to drop in Startup Genome’s annual ecosystem report
Startup Blink report tells different story, with Canadian cities rising up through the ranks.
Flare Systems eyes US expansion following $9.5 million Series A funding
Flare wants to offer enterprise-grade tools to mid-sized companies.
IntelliSports raises $2.5 million for gamified fitness app PlayFitt
New York Jets’ guard bets on Montréal-made fitness video game.
Hopper rolls out new FinTech products as it aims to build a “travel super app”
CEO says FinTech products make B2B play more sticky.
Nasdaq to acquire Montréal ESG software provider Metrio
Nasdaq’s last Canadian acquisition was Verafin for $2.75 billion USD.
Lightspeed turns NuOrder acquisition into new B2B supplier network
Lightspeed B2B “last step” in Lightspeed’s plan to turn bevy of acquisitions into new products.
Inossem raises $3.5 million CAD to bolster R&D, add engineers
Inossem aims to help Canadian mid-sized businesses with business automation.
Principal to Partner: Éléonore Jarry-Ferron, Pablo Srugo get promoted at Brightspark, Mistral
Jarry, Srugo, and two others co-founded VCHOURS in 2020 to support startups during the pandemic.
Worximity secures $14 million for smart factory analytics tech
Worximity part of the push towards the ‘Fourth Industrial Revolution.’
Lightspeed sees path to profitability despite posting $146.1 million loss in fiscal Q4
Lightspeed’s fourth-quarter revenue grew by 78 percent year-over-year.
mPowered partners with Ocean Set to build blockchain-powered ocean data marketplace
The marketplace is meant to allow orgs to profit from sharing data securely.
Value of Power Corp’s FinTech portfolio drops as Wealthsimple faces second May markdown
Power calls decrease in fair value of Wealthsimple stake “consistent” with broader stock market decline.
CarbiCrete tops up Series A funding to $23.5 million
Originally developed at McGill University, CarbiCrete’s tech produces cement-free, carbon-free concrete.