Canadian-founded Clay achieves unicorn status with $57.5-million raise
Customer research AI startup CEO claims its 6x growth in 2024 prompted existing investors to “double down.”
SaaS
Optable raises $28.8 million to grow data management solution in United States
Funding for the adtech venture led by Telus Global Ventures with participation from many returning investors.
Street Context acquired by American market intelligence firm BlueMatrix for undisclosed amount
Combined company will integrate authoring, financial data, and consumption analytics into one platform.
Basetwo closes $16.5-million CAD Series A round to optimize manufacturing with AI copilots
Company claims AI model armed with physics, chemistry expertise can cut inefficiencies in mass production.
Shopify quietly kills Indigenous entrepreneurship program Build Native
Build Native program lead and Head of Equitable Commerce no longer work at the company.
Paper looks to rebound from turbulent 2024 with new CEO Martina Tam
Whirlwind year saw mass layoffs of all Canadian tutors and departure of both co-founders.
Lyteflo secures $3 million CAD in seed funding to rev up EV sales platform
SaaS tool for auto dealerships aims to make charging data, incentive savings accessible to consumers.
Vasco raises $11.5 million CAD to help startups manage revenue trajectory with AI
Repeat founder and former Lightspeed exec wants to make commercialization less risky.
Tailscale hits 10,000 paid business clients after doubling customer base in 10 months
Corporate VPN startup has seen rapid growth amid strong demand from AI companies.
Ritual CEO, R&D team members to join Shopify
Shopify continues habit of adding founders to its team.
Broadsight appoints Steve Lowry as CEO to help UBC spinout build “the Salesforce for comms”
Co-founder Kurt Heinrich transitions to CSO in leadership shuffle.
Humi acquired by Australian HR software company Employment Hero
Sources told BetaKit the purchase price is $155 million CAD.
1Password builds on B2B growth with acquisition of UK-based Trelica
The deal marks 1Password’s largest-ever acquisition by company revenue.
Carbon6 to be acquired by US-based SPS Commerce for $301 million CAD to grow e-commerce merchant toolkit
Co-founder says company was grateful to land rare nine-figure Canadian tech exit.
Valsoft reloads acquisition war chest with $216.7-million CAD funding round
Vertical software rollup company made nearly 20 acquisitions in 2024.