Ecosystem Spotlight: Montréal’s tech sector faces change with savoir-faire
CIBC’s Eric Laflamme on the “perfect mix” of investment alchemy in Canada’s most European city.
Quebec
Nuvei posts 30% revenue growth in second quarter
Nuvei announced it plans to acquire Brazil-based Pay2All earlier this week.
LeddarTech’s Nasdaq listing in jeopardy as stock falls below $1-USD minimum
Warned it could be delisted in 180 days, company secures up to $9 million USD in bridge financing.
Former Delve Laboratories, Dialogue leaders secure $2 million to help cyber insurance brokers sell policies and assess risk
Inscora plans to launch its “value-added cyber insurance” software by the end of 2024.
Lightspeed beats revenue forecast in first full quarter under Dax Dasilva’s renewed reign
Montréal-based company reports 27 percent year-over-year sales increase to $266.1 million USD.
Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility
UgoWork said it might raise additional capital, but declined to disclose further details.
Three Canadian FinTech firms strike new partnerships
VoPay, Flinks, and Payfare have been tapped to power offerings for tech giants, credit union.
Workstaff closes $1.6-million seed round with ambitions to expand beyond Canada
Startup has doubled team from six to 15 people, with plans to funnel funding first into the US.
Corporate events and travel startup Planned closes $35-million Series B, adds Hopper CEO to board
The startup plans to automate “tragically old school industry” and expand internationally.
Québec is executing its innovation plan. Will it pay off?
Unpacking the province’s targeted bets at Startupfest 2024 with MAIN’s Louis-Felix Binette.
Xatoms, Juno win big at Startupfest 2024
Xatoms wins three awards totalling $250,000, while Juno scores $100,000, plus BDC matching offers.
GPs and LPs at Startupfest expect gradual recovery with 2024 on pace to be worst for Canadian VC in a decade
Industry leaders expect more turnover, fundraising challenges for emerging managers.
Québec Tech’s new mission prompts ecosystem vibe check at Startupfest
New focus on late-stage, export-ready scaleups sparks debate on how best to support tech in province.
Three companies hiring tech workers in Montréal
Did Startupfest pique your curiosity about Montréal tech? LGS, Genpact, and Intact are hiring in the city.
Swift Medical among the latest #CDNtech companies to appoint new leaders as industry executive turnover continues
Changes in top leadership also hit Faire, Kovo HealthTech, goeasy, CFI, and more.