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.”
Retail
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.
Shopify announces embedded AI as part of Summer 2024 Edition product updates
Shopify is using AI for image editing, product creation, customer support, navigation.
R|T: The Retail Times – Shopify achieves $1 trillion GMV
Plus: Canada’s competition watchdog has Amazon in its crosshairs.
Propulso raises strategic funding to facilitate US expansion
Propulso says the funding has already allowed it to double its workforce.
As Collision kicks off, four Canadian tech startups unveil new funding
Heylist, Vosyn, Pok Pok, and Ability Biologics have all raised fresh capital.
R|T: The Retail Times – Exclusive: Ex-Lightspeed CEO nabs Inovia gig
Plus: Costco building an ad business with customer data.
Descartes acquires UK-based logistics platform BoxTop for $18 million CAD
The deal follows a similar across-the-pond acquisition in April.
How Dax Dasilva plans to get Lightspeed to $1 billion in revenue
Dax is back: why he stepped down, then returned, as the company he founded approaches its 20th birthday.
Tiny appoints WeCommerce head Jordan Taub as its new CEO
Tiny co-founders Andrew Wilkinson and Chris Sparling will “remain actively involved” as company chairs.
After over a decade at Lightspeed, JP Chauvet aims to be “good sounding board” as Inovia’s newest executive-in-residence
In wide-ranging BetaKit interview, Chauvet takes stock of Lightspeed tenure, shares plan to help other entrepreneurs.
R|T: The Retail Times – Battle of food delivery apps leads to $20B in losses
Plus: Ticketmaster hack affects more than half a billion users.