Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
Funding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
SaaS
Checkfront merges with Australia’s Rezdy to scale online tourism reservations
Both startups offer online booking platforms for tourism companies.
Construction software firm Vitruvi to be acquired by US-based Bow River Capital
Calgary-based Vitruvi’s team and leadership to stay on as part of deal.
ProShop ERP raises $32 million to help manufacturers digitize operations
ProShop has previously been a founder-financed company for seven years.
Metafold 3D closes $2.35 million CAD to fuel industrial adoption of 3D printing
Toronto startup has interest from sportswear and biopharma clients for its 3D printing tech.
S|W: The SaaS Weekly – Hypercontext’s HR pivot looks to accelerate performance reviews with AI
Plus: UK probing Adobe’s $20 billion Figma deal.
Active Impact, Breakthrough-backed Othersphere secures $3 million to strategically locate climate tech projects
Victoria-based startup aims to drive industrial decarbonization with data analysis.
WaitWell closes $1.5 million to bring its queue management tech to new markets
After establishing itself in higher education, WaitWell eyes private health care.
Formaloo raises $2.9 million CAD to help businesses build apps without any code
The startup aims to ramp up marketing efforts in Canada.
S|W: The SaaS Weekly – Dye & Durham accuses startup rival of ripping off its software
Plus: Vantage Circle and Eventcombo are moving HQs to Calgary.
Sampler acquires AdMass’s tech, founders to add AI, user-generated content to its product sampling platform
The deal marks Sampler’s second acquisition in four months.
Hypercontext completes HR pivot with new AI-powered performance management tool
The startup promises ‘performance reviews so easy, they write themselves’—but what are the risks?
Vantage Circle, Eventcombo both relocate their headquarters to Calgary, plan to hire hundreds
The two global SaaS firms say they aim to hire up to 250 people each over three years.
Shakudo closes $9.5-million CAD Series A to help companies adopt generative AI
GreatPoint-backed Shakudo is led by AI experts from Georgian, Borealis AI, and BMO.
S|W: The SaaS Weekly – ApplyBoard co-founder launches new skilled worker startup as feds update talent strategy
Plus: Snowflake expands Canadian engineering hub.