Shopify, Benevity set records for Black Friday-Cyber Monday and Giving Tuesday
Shopify merchants rack up $7.5 billion in sales over the weekend.
SaaS
Mozilla acquires Canadian-founded startups Pulse, Active Replica to fuel metaverse strategy
The company behind web browser Firefox wants to deliver its own metaverse.
Durable aims to help solo entrepreneurs launch service-based businesses with AI
Durable has closed $6.25 million USD to date from US investors.
Produce8 lands $6 million in seed funding to improve digital-first team productivity
Startup believes addressing burnout is the answer to a trillion-dollar question.
RailVision Analytics closes $5.5 million CAD to cut train emissions by curbing fuel consumption
Trucks choo-choo chooses RailVision following successful pilots with Via Rail, Metrolinx.
S|W: The SaaS Weekly – What’s old is new again: Microsoft faces antitrust scrutiny
Plus: Google employees have a bad feeling mass layoffs are coming.
ApplyBoard cuts back customer experience department
Layoffs impact six percent of ApplyBoard’s workforce.
Nortel alum-turned-mystery novelist combines her tech and writing background with Fictionary
Fictionary’s $1.8 million round one of the first investments out of BDC’s Thrive Venture Fund.
Canadian tech talks down rounds, disasters, and “recipes for failure”
Featuring interviews with luminaries from OMERS Ventures, Shopify, Coveo, Clio, Unbounce, and L-SPARK.
S|W: The SaaS Weekly – Nobul, Hopper top Deloitte Canada’s Fast 50
Plus: Twitter employees say no to being “extremely hardcore.”
Acerta closes $10.4 million CAD Series B to help automakers like Nissan and GM build car parts more efficiently
Acerta puts pedal to the metal and targets North American, European expansion.
WorkJam closes $50 million USD round co-led by Inovia, Fonds FTQ
WorkJam’s platform is geared towards supporting the frontline workforce.
Legal tech startup Clio advances its FinTech play with launch of payments product in Canada
Clio claims to have processed over $1 billion USD in legal transactions.
L-Spark’s Leo Lax: 2022 has been a “disaster” for SaaS funding, though sector continues to grow
“The bias is less towards building the innovation economy, more towards sustaining what we got.”
Will some Canadian tech companies die during the downturn?
Founders: get used to hearing the ‘Canadian no’ more often.