Asian food delivery service Fantuan secures $40-million USD Series C round
The funding will be used to improve its platform and explore an expansion into other service sectors.
Retail
R|T: The Retail Times – How Hopper’s Fred Lalonde went from hacker to tech titan
Plus: AI-powered marketing platform Birdseye closes $4.1 million CAD seed round.
Shopify merchants set $9.3-billion sales record over Black Friday, Cyber Monday
Over 61 million consumers globally made purchases from Shopify sellers.
With $2 million raised to date, Omnicart aims to serve hyperlocal last-mile delivery
Omnicart wants to help local businesses in small towns become their own DoorDash.
R|T: The Retail Times – Shein’s revenue surpasses Zara, Alibaba is worth about half of Tencent
Plus: Is Shopify still an Ottawa darling?
Birdseye closes $4.1 million CAD in seed funding for AI-powered marketing platform
The round comes eight months after Birdseye’s $500,000 USD pre-seed funding round.
R|T: The Retail Times – WeWork cuts Canadian locations, Shein IPO targets $90B valuation
Plus: Inside Indigo’s plan to return to profitability.
R|T: The Retail Times – Shopify and Lightspeed shares surge after beating forecasts
Plus: Amazon unveils first BNPL option for SMBs through Affirm.
Acton Capital closes $240-million USD Fund VI to invest in tech startups across Canada and Europe
Acton’s Canadian portfolio has included Chefs Plate, Clio, Knix Wear, Maple, and Mobify.
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.
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.