League hits user milestone and secures $100-million USD credit facility from RBCx
Financing to support platform development, sales capacity, and potential mergers and acquisitions.
Ontario
Innovation Minister François-Philippe Champagne will not seek Liberal leadership
Champagne: “I will dedicate my energy … to defend Canadian businesses.”
Uvaro acquires coding school Lighthouse Labs to take on AI-augmented job market
The two companies fit together like puzzle pieces, Uvaro CEO says.
Tailscale hits 10,000 paid business clients after doubling customer base in 10 months
Corporate VPN startup has seen rapid growth amid strong demand from AI companies.
Ritual CEO, R&D team members to join Shopify
Shopify continues habit of adding founders to its team.
Float raises $70-million Series B CAD led by Goldman Sachs
Funding will be used to broaden product suite and attract talent.
Cohere launches customizable enterprise AI workspace platform North
Cohere’s answer to Microsoft Copilot and Google Vertex already has a partnership with RBC.
Doctor-led Oxford Cancer Analytics closes $16-million CAD Series A to improve early lung cancer detection
UK and Toronto-based startup applies proteomics and AI to blood tests.
Humi acquired by Australian HR software company Employment Hero
Sources told BetaKit the purchase price is $155 million CAD.
1Password builds on B2B growth with acquisition of UK-based Trelica
The deal marks 1Password’s largest-ever acquisition by company revenue.
Shopify acquires Shop.ca domain from Emerge Commerce
Shopify continues nurturing its Amazon alternative as e-commerce competition heats up.
Carbon6 to be acquired by US-based SPS Commerce for $301 million CAD to grow e-commerce merchant toolkit
Co-founder says company was grateful to land rare nine-figure Canadian tech exit.
Thomson Reuters acquires American tax automation software SafeSend for $600 million USD
SafeSend integrates with various tax preparation products, including Thomson Reuters’s own UltraTax CS.
Fiserv to acquire Payfare in $201.5-million CAD deal after swiping its DoorDash business
Pending transaction follows Payfare’s share price plummet and strategic review in September.
Alison Nankivell departs MaRS for Export Development Canada
Nankivell’s tenure on MaRS lasts only nine months, slightly longer than the executive search to hire her.