MDF Commerce to go private in $255-million acquisition by New York-based KKR
The deal’s price tag is a premium on its recent TSX close yet well below its peak value.
SaaS
Yamaha Motors leads Joyride’s $7-million CAD Series A as startup sets sights on enterprises and OEMs
Joyride partnered with EV manufacturer GEM in October.
S|W: The SaaS Weekly – Apple’s walled garden hit with $2 billion fine
Plus: Travel perks platform Plusgrade gets major NY investor.
Ontraccr secures $1.2 million for construction management software
Ontraccr’s platform digitizes operational workflows in the construction industry.
Three Canadian startups earn spots in Google’s latest Women Founders accelerator cohort
MedReddie, SkyAcres, and Nimble Science represent Canada in the class of 2024.
Contractor management platform PayShepherd closes $7 million CAD as product, market expansion continues
Inovia Capital-led round aimed at cementing firm’s presence in the United States and Canada.
S|W: The SaaS Weekly – Why is Marc Benioff buying up Hawaiian land?
Plus: Certn’s new president targets growth over acquisitions.
General Atlantic becomes major investor in travel perks platform Plusgrade
The deal values Plusgrade at over $2 billion, according to The Globe and Mail.
Bench IQ raises $2.8 million CAD in pre-seed funding with buy-in from Maple VC, Haystack
The minds behind Ross Intelligence are back.
Elevated Signals raises $7.9 million CAD Series A to scale its manufacturing operations software
After starting in cannabis, startup looks to its original goal of tackling food security.
With new president Sarah Miller Wright, Certn targets profitable growth over acquisitions
Following 2023 layoffs, Miller Wright must steer Certn’s global operations through a “transformation year.”
S|W: The SaaS Weekly – Reddit’s power users will get first dibs on its IPO
Plus: Golden Ventures talks success in closing fifth seed-stage VC fund.
Four Canadian companies selected to Comcast SportsTech Accelerator
Canada lead the pack with the highest number of companies in the global cohort.
S|W: The SaaS Weekly – Prodigy’s got a new plan, a new CFO, and a leaner team to boost growth
Plus: It’s getting (slightly) easier to sell software.
1Password acquires Boston-based device security platform Kolide
Following the deal, CEO Jeff Shiner said 1Password expects to add 250 new positions in 2024.