Dapper Labs, Nesto, Certn, top Deloitte’s 2023 Technology Fast 50 list
FinTech startups made a mark on the list of Canada’s leading technology companies.
Retail
Lightspeed’s stock rises as firm exceeds outlook for fiscal Q2, achieves positive EBITDA
Company takes a step towards profitability, boosts revenue guidance.
Faire cuts 250 employees in its second layoff round in last year
Last year, Faire slashed seven percent of its workforce as the e-commerce boom dimmed.
Shopify shares jump after company’s Q3 revenue, profit beat analyst expectations
Cost reductions, fulfillment changes help fuel strong Q3 for Shopify.
R|T: The Retail Times – Former Shopify leader launches AI imaging tool for merchants
Plus: Shein and Temu call off US legal spats.
Damon Motors revs up to go public on the Nasdaq via reverse merger
The reverse merger will be completed with a UK-based spinoff of Inpixon.
R|T: The Retail Times – How trucking startup Convoy drove itself into the ground
Plus: Post-Hopper, Expedia partners with Air Miles for new travel booking platform.
QuoteMachine adds $3.7 million in new funding to streamline the sales stack for merchants
The Montréal-based startup is led by Lightspeed alumni.
R|T: The Retail Times – Inside the chaos of New York’s Airbnb ban
Plus: Flexport continues weekly cuts with 20 percent workforce reduction.
Restaurant software startup Snappy secures $7-million Series A round
As restaurants continue to digitize, Snappy’s new investor believes the solution is a flexible option for a “fractured…
R|T: The Retail Times – Hopper makes deep staff cuts, pulls back from Asia to pursue profitability
Plus: Canada looks at limiting number of Airbnbs to free up rentals.
R|T: The Retail Times – Shopify takes stake in Faire as company discourages employee side hustles
Plus: Instacart quickly loses its IPO gains.
Healthtech startup Medreddie takes home the first Elevate Women+ Pitch Prize
Medreddie secures funding from The Firehood, Forum Ventures, BDC Capital’s Thrive Lab.
Saskatoon software startups Vendasta, 7shifts, Andgo Systems make layoffs
Vendasta CMO: “Every tech company right now needs to be thinking about profitable growth.”
R|T: The Retail Times – Waabi partners with Uber Freight, Instacart debuts big IPO
Plus: Shopify scores big off of Klaviyo IPO.