Lightspeed would pay $11 million CAD and admit no wrongdoing in proposed lawsuit settlement
The lawsuit stems from allegations the company distorted financial reports.
Retail
Ssense seeks to “safeguard” company from potential sale through creditor protection
Online retailer facing headwinds due to US trade policy, dip in luxury demand.
Shopify bolsters product design team with acquisition of Molly Studio
E-commerce giant’s new Product Design Studio to operate like an “internal agency.”
CEO of meal delivery company Goodfood abruptly departs amid recent losses
Montréal firm also plans a formal review of its operations.
Taking Pride in Canadian tech
Plus: The former Meta employee trying to stop Canada’s AI brain drain.
How Collectr bootstrapped a trading card hobby into an eight-figure business
Former Doorr founders’ new app has amassed four million users in four years, including new advisor Steve Aoki.
Clutch opens BC facility as it hits the gas on renewed Western Canada expansion
Online used car retailer gears up to scale its presence in Richmond over the next two years.
Descartes continues US acquisitions as it navigates global trade upheaval
Supply chain tech firm buys US startup Finale Inventory for up to $55 million USD.
Shopify regains status as Canada’s most valuable company with strong Q2 earnings
Stock surges 20 percent as CFO claims no “meaningful changes” from tariffs.
Lightspeed beats outlook in fiscal Q1 to tepid market response
CEO claims Lightspeed has been “winning where it matters” after revising GTM strategy.
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.
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.