CoLab raises $28.6-million CAD Series B to grow its team and incorporate AI
CoLab CEO Adam Keating said he expects to grow the team from 86 to 125 employees by the end of the year.
SaaS
Blossom closes $2.1 million to grow its investing social network in the US
After abandoning its brokerage vision, Blossom plans to remain a social platform.
Bench and Shopify alumni announce $11 million CAD to build “the Stripe for accounting” with Teal
Vancouver-based Teal provides bookkeeping infrastructure to vertical SaaS companies.
Q1 Canadian VC funding posts mixed results as PE market rebounds, CVCA reports
Pre-seed, seed-stage VC funding declines as late-stage investment continues descent.
Diversio acquires CCDI Consulting to expand its workplace-inclusion services
Diversio now offers consulting services and hundreds of training courses.
Bōde secures new funding to streamline home sales with AI
Backed by Thin Air Labs, Calgary-based startup receives $4 million in equity and debt to scale platform.
Baseline closes $2.2 million CAD to help private lenders manage their businesses
Lender-turned-software-startup targets growing private lending market.
S|W: The SaaS Weekly – How investment banks are helping Canva and Figma stay private
Plus: Ottawa’s Kinaxis to make staff cuts as profits rise.
AppDirect acquires low-code B2B marketplace builder Builtfirst
Nicolas Demarais-founded AppDirect looks to become a one-stop solution for B2B marketplace building.
#CDNtech companies Nuvei, WonderFi, Thinkific saw revenue growth in Q1 2024
NowVertical’s revenue for 2023 also increased by 91 percent year-over-year to $51.7 million.
S|W: The SaaS Weekly – Is Bill Gates still the real brains behind Microsoft?
Plus: 1Password’s new product looks to secure unmanaged devices.
ITIF president wonders whether Canada has the “political will” to fix its productivity issues
Rob Atkinson pines for a “killer instinct” while launching the CCIC.
Potential Motors secures $2 million to commercialize terrain-perception software for off-road vehicles
After years of R&D, Potential says it is ready to take its core tech to market.
Netskrt Systems secures $10 million CAD in Series A financing to improve streaming speeds in “underserved” communities
Yaletown Partners and InBC Investment Corp were among investors in the content-delivery network startup.
1Password looks to help businesses secure unmanaged devices with a new offering
Extended Access Management stems from 1Password’s acquisition of Kolide in February.