Canadian co-founded eSIM provider Airalo hits unicorn status with $220-million USD Series C round
COO Abraham Burak left the University of Ottawa to launch the billion-dollar business.
Retail
Clutch races past $1 billion in total cars purchased amid record growth
After taking nine years to hit $1 billion, COO says Clutch is on pace to double it in one.
Last-mile delivery startup UniUni to continue North American expansion with $95.4-million CAD Series D round
Amid scrutiny of its labour practices, BC gig work company has raised over $200 million in about a year.
Sonder co-founder Francis Davidson departs after seeing through Marriott deal
Outgoing CEO said orchestrating the Marriott integration was “the hardest thing” he’d ever done.
Shopify collaborates with Coinbase and Stripe to support USDC stablecoin payments
Feature roll out allows merchants to accept USDC and convert to their local currency.
Sezzle sues Shopify for alleged “unfair” privileging of its own buy-now, pay-later feature
Lawsuit claims Shopify charged businesses fees and redirected potential Sezzle customers to its own service.
DoorDash next on the menu as Canada’s Competition Bureau sues for allegedly deceptive pricing tactics
Lawsuit seeks an undetermined penalty and restitution to affected customers who used food delivery app.
Portless raises $24.7 million to be retailers’ port in a trade storm
Logistics startup gives importers alternative to up-front duties following end of “de minimis” exemption.
American gig giants Instacart and Uber add Canadian executives to top leadership positions
Chris Rogers tapped to lead Instacart as CEO, Uber appoints Andrew Macdonald as global president and COO.
Industry watcher says recent Shopify ruling could embolden companies to challenge CRA data requests
Federal court dismissed CRA’s request for six years of data on Shopify merchants.
WareMatch lands $2-million funding round to expand its Airbnb-like warehouse marketplace
Strategic investor Farfill hopes to support the young company’s worldwide expansion.
The Canadian engineer trying to fix the internet’s original sin
Coinbase’s Erik Reppel thinks AI, crypto, and open standards could revolutionize internet commerce.
Lightspeed surpasses $1 billion USD in revenue in fiscal 2025 but shares conservative outlook
Lightspeed posted nearly $54 million in adjusted EBITDA as it continues to execute transformation plan.
Why Faire’s co-founder wants to bring Silicon Valley’s DNA to Canada
Faire’s Chief Architect fell in love with Canada. Now he’s selling his new home to the rest of the world.
Katherine Homuth launches “organizational memory” startup as SRTX secures new interim CEO and financing
Homuth stepped down as CEO of SRTX in March as part of a pending fundraising deal.