FansUnite sells American subsidiary back to co-founders, delists from TSX
FansUnite said it expects to retain approximately $500,000 CAD to “explore new business opportunities.”
Retail
Shopify taps Microsoft executive Mikhail Parakhin as its new CTO
Shopify CEO Tobi Lütke praised Parakhin’s “deep expertise” in AI and machine learning.
New School Foods lands big fish as IKEA joins returning investors in $8-million CAD seed extension
Startup plans to bring plant-based salmon alternative to US, Canadian markets.
Uni-One closes $10-million CAD Series A as foodtech startup’s revenue run rate surpasses $100 million
Vancouver startup claims $60-million post-money valuation, plans to launch in the US later this year.
Happipad has only signed 31 leases since signing $1.3-million deal with Nova Scotia last August
Province referenced 130,000 empty bedrooms when signing deal with the home sharing platform.
BC chopstick recycling startup ChopValue picks up additional $4 million CAD
ChopValue recently launched a parent brand to bring its micro-manufacturing model to new resources.
TSX-listed Givex to be acquired by American payments firm Shift4 for $200 million CAD
The all-cash transaction will pay $1.50 per Givex share, a 55 percent premium on its Friday closing price.
Sonder inks Marriott licensing deal, secures additional liquidity amid continued challenges
Canadian-founded short-term rental firm expects to benefit from Marriott’s distribution.
American hospitality tech firm Agilysys acquires Book4Time for $204 million CAD
Agilysys’s broad portfolio elevates what Book4Time can deliver to clients, CEO Roger Sholanki said.
JustEat, SkipTheDishes lay off 800 Canada-based employees following “comprehensive review”
Food delivery app SkipTheDishes went through three CEOs in 2023.
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.