JustEat, SkipTheDishes lay off 800 Canada-based employees following “comprehensive review”
Food delivery app SkipTheDishes went through three CEOs in 2023.
Retail
Insurtech startup YouSet raises $3.5-million CAD seed round
The startup claims to save users nearly 30 percent on coverage in a process that takes minutes.
European online car marketplace AutoScout24 agrees to purchase AutoTrader parent from Thoma Bravo
Price was not disclosed, but deal to acquire Trader Corporation is expected to close in Q4 2024.
Sampler files for bankruptcy
Documents show digital product sampling startup has nearly $13 million in liabilities.
Merchant-focused FinTech startup Sona acquired by Celero Commerce
Bootstrapped Nova Scotia startup to boost Celero’s annual card volume to $26 billion across North America.
Shopify’s venture into brick-and-mortar payments pays off, revenue grows 21% in Q2
Navigating a mixed consumer spending environment, the company brought in $2 billion USD.
Dax Dasilva wants his bonus
Plus: More money on the table for diverse founders.
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.
Looking for a job? Try a company that makes money
In the face of mass layoffs and long hiring cycles, Carbon6 wants to attract candidates with stability.
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.
After facing “challenging operating conditions,” Jasper Commerce sells operating business to Digital Commerce Payments
Jasper to keep some equity and future earnings, but otherwise has “no active business.”
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.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Trader Corporation and Freelance.ca strengthen their online marketplaces through new acquisitions
Freelance.ca scoops up Workhoppers, while Trader purchases Collateral Management Solutions.
ReturnBear to launch operations in UK in July
Retail logistics startup has grown to over 1,000 Canadian locations.