Canalyst acquired by Chicago-based Tegus in massive BC tech exit
Sources say deal is north of $400 million CAD.
SaaS
Partnership with Mailchimp competitor Klaviyo marks Shopify’s second strategic investment in recent weeks
Recent SEC filing indicates Shopify may have invested $100 million USD in Klaviyo.
Wattpad’s new leader is focused on creator value
Wattpad President Jeanne Lam wants to help creators “become the next big hit.”
Converge Technology secures $500 million loan to continue acquisition spree
Converge to continue acquisition strategy in North America, Europe.
Advertising tech startup Polar secures funding from Fort Point Capital, rebrands to Nova
Nova president: Polar pioneered the social display space.
Four Canadian companies selected for inaugural CB Insights Advanced Manufacturing 50 list
BenchSci, Vention among Canadian startups in the list.
Stadium Live scores $12.8 million CAD Series A to engage Gen Z sports fans
Stadium Live aims to build the “spatial version of Discord.”
ProcedureFlow closes $11.8 million to scale knowledge management software globally
ProcedureFlow’s client base includes Blue Cross, Nova Scotia Power.
Accenture continues Canadian tech acquisition spree with Solvera Solutions, Eclipse Automation
Accenture has acquired six Canadian companies since 2020.
S|W: The SaaS Weekly – Introhive cuts staff, Contentsquare goes mammoth
Plus: Netflix coming to Vancouver with new acquisition.
Ex-Tungle, Foko employees pivot new startup, Nook, to take on Evernote
With exits to BlackBerry and Workforce, Nook team wants to tackle notetaking.
Introhive cuts 16 percent of workforce citing market conditions
CEO said the current environment makes it challenging to fund Introhive’s high-growth strategy.
BMO to acquire carbon offsets developer Radicle
Radicle’s software measures and aggregates greenhouse gas emissions.
S|W: The SaaS Weekly – Microsoft layoffs, Google hiring slowdown, Uber broke laws
Plus: Uber sued by more than 500 female passengers over sexual assault complaints.
BlackBerry, L-SPARK unveil third cohort for connected car accelerator
Third cohort sees return of Deeplite, Sensor Cortek.