#CDNtech companies Nuvei, WonderFi, Thinkific saw revenue growth in Q1 2024
NowVertical’s revenue for 2023 also increased by 91 percent year-over-year to $51.7 million.
Montréal
QueerTech report finds change is lagging for 2SLGBTQIA+ tech workers in Canada
Fewer than 40 percent of respondents feel that 2SLGBTQIA+ employees are “consistently treated with respect.”
The Startup Train returns for its 10th year to kick off Startupfest 2024
Chartered train offers a one-way, business-class journey from Toronto to Montréal.
Community-led bid to buy back Notman House unsuccessful
BDC and IQ accepted another bid for the Montréal startup hub, but it’s unclear by who.
Eocycle Technologies secures $25 million CAD to expand wind turbines in US, Europe
Cleantech firm plans to use government incentives in target markets to accelerate expansion.
Electronics startup SmartD Technologies powers up with $14.2-million Series A
Startup looks to reinvent motor control with Clean Power VFD.
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.
Startup Open House returns to its roots after acquisition by MTL NewTech
The one-day showcase is hoped to draw up to 900 attendees.
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.
Flare acquires US-based competitor Foretrace
Flare claims it experienced triple-digital growth in 2023.
Dialogue acquires IP, other assets of fellow digital health platform Koble
Deal is hoped to strengthen Dialogue’s support for women’s healthcare.
Notman House is for sale. A startup-led effort wants to buy it back
Real estate startup Guiker is proposing a fractional ownership model to keep Notman House within Montréal’s tech community.…
Idealist Capital receives $50 million from Canada Growth Fund
Idealist is the first cleantech investor to receive backing from the $15-billion fund.
Rithmik secures $2 million to lower mobile mining equipment emissions
The funding will help increase the startup’s global footprint, establish partnerships, and improve its platform.
Proptech startup Landerz plots a course for growth with $1.5-million CAD seed round
Over 100 land opportunities are listed on Landerz’s public platform, totalling over $200 million CAD.