SRTX temporarily lays off 40 percent of staff ahead of US tariff “worst-case scenario”
Sheertex tights maker says tariffs could slap 41-percent duty on some shipments to US.
Montréal
FLiiP raises $4.4 million in seed financing to grow fitness industry management software
Québec gym owner developed platform to streamline operations, customer success.
Big in Japan: Nuvei acquires Paywiser’s Japanese subsidiary in Asia-Pacific market push
Acquisition includes licence allowing Nuvei to process payments across all major networks in the country.
Optable raises $28.8 million to grow data management solution in United States
Funding for the adtech venture led by Telus Global Ventures with participation from many returning investors.
Shopify president calls Montréal “the most entrepreneurial city on the planet” at North Star event
Event panel included insights from Stay22, Dialogue, Nesto, and PemPem founders.
Innovation Minister says Canada will review business relationship with Amazon following Québec retreat
Open letter says Amazon’s decision “raises questions” about its commitment to Canada.
Private equity firm Novacap raises more than $1-billion USD for first digital infrastructure fund
Novacap CEO says digital infrastructure will remain in high demand due to growth of AI.
Amazon to close all Québec facilities, hand over delivery to third parties
Local courier Intelcom may be poised to take over deliveries, Radio-Canada reports.
Paper looks to rebound from turbulent 2024 with new CEO Martina Tam
Whirlwind year saw mass layoffs of all Canadian tutors and departure of both co-founders.
Luge Capital, Pender Ventures hire in Alberta following investments from AEC
Luge adds investor Chelsea Gillett from The51, Pender adds associate Jacob Grainger from Plug and Play.
Home hardware: Canadian founders at CES talk challenges and opportunities
Canadian companies took home honours at the consumer trade show, but want more support.
Lyteflo secures $3 million CAD in seed funding to rev up EV sales platform
SaaS tool for auto dealerships aims to make charging data, incentive savings accessible to consumers.
Vasco raises $11.5 million CAD to help startups manage revenue trajectory with AI
Repeat founder and former Lightspeed exec wants to make commercialization less risky.
Shakepay bolsters regulatory standing with CIRO membership
First Québec-based crypto exchange to earn investment dealer status.
California-based loan collection platform Eltropy acquires Lexop for undisclosed amount
Combined company to continue operating in both California and Montréal.