Why Clio didn’t IPO
Plus: The largest Series A raised by a Black female founder in Canada.
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In the face of mass layoffs and long hiring cycles, Carbon6 wants to attract candidates with stability.
Y Combinator grad Gumloop secures $3.1 million USD in seed funding to grow no-code automation tool
Backers include Y Combinator and founders from Instacart, Dropbox, and WePay.
Workstaff closes $1.6-million seed round with ambitions to expand beyond Canada
Startup has doubled team from six to 15 people, with plans to funnel funding first into the US.
Claudette McGowan closes $10-million Series A for cybersecurity startup Protexxa
Startup claims round is the largest secured by a Black woman founder in Canada.
Clio tops $4-billion CAD valuation with largest software funding round in Canadian tech history
New investors pool $900 million USD after legaltech hits $200 million in ARR.
Ethica secures $2.3 million to deliver “enterprise-grade” internet access to emerging markets
GreenSky-backed Ethica aims to improve internet reliability across Africa, India, other regions.
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.
Unbounce to merge with California-based Insightly following CEO change
The combined company will have more than 200 employees across Europe and North America, Unbounce says
ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.
Fifteen years after spinning out Hootsuite, Invoke gets with the Incrowd
How the digital agency founded by Ryan Holmes returned to its product-building roots.
PathFactory acquires fellow B2B marketing platform Uberflip in stock-for-stock deal
PathFactory says the combined entity’s customer list includes firms such as Nvidia, Amazon, and Thomson Reuters.
After reaching $100 million USD in ARR, Vena becomes Canada’s latest “centaur” company
Vena says it is benefitting from “strong, predictable growth.”
Intuit closes Edmonton office as company-wide layoffs impact 10 percent of employees
Some roles are being consolidated to its Toronto office to “better align” resources, company says.
D2L and MDF Commerce expand software portfolios with latest acquisitions
Recently privatized MDF Commerce acquires EcoInteractive as D2L purchases H5P Group.