US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount
Acquisition comes mere months after Vancouver startup announced an $11 million CAD seed round.
SaaS
“Gordon Ramsay doesn’t want to flip burgers”: Rundle acquires photography startup Iris Booth as founder prepares to step back
Halifax startup mass produces headshots for large orgs with its self-service photo booths.
“It’s just straight math”: Assent CEO Andrew Waitman sets bar higher after hitting centaur status
Waitman pushing Ottawa compliance software company to reach $200 million ARR within four years.
Northside Ventures closes first early-stage VC fund at $15 million CAD
This emerging manager just met his target amid one of the worst fundraising environments in a decade.
Benevity appoints MeridianLink president Christopher Maloof as CEO Kelly Schmitt steps down
The charitable donation software platform sought Maloof’s experience in strategic acquisitions and IPO.
Andgo Systems, Conexus among recipients of Saskatchewan-focused PrairiesCan funding
Economic development agency dispenses $6.3 million across nine startups and ecosystem programs.
FansUnite sells American subsidiary back to co-founders, delists from TSX
FansUnite said it expects to retain approximately $500,000 CAD to “explore new business opportunities.”
Uni-One closes $10-million CAD Series A as foodtech startup’s revenue run rate surpasses $100 million
Vancouver startup claims $60-million post-money valuation, plans to launch in the US later this year.
American hospitality tech firm Agilysys acquires Book4Time for $204 million CAD
Agilysys’s broad portfolio elevates what Book4Time can deliver to clients, CEO Roger Sholanki said.
European online car marketplace AutoScout24 agrees to purchase AutoTrader parent from Thoma Bravo
Price was not disclosed, but deal to acquire Trader Corporation is expected to close in Q4 2024.
Get ready for the BetaKit Keynote Stage at SAAS NORTH 2024
Leaders from Tealbook, Certn, Passage, and more to headline Canada’s SaaS conference November 13 to 14.
InsurTech platform QuickFacts secures $2 million to continue North American expansion efforts
QuickFacts claimed it tripled its number of active users in the past year.
Paper CEO Phil Cutler out, startup cuts 45 percent of HQ staff and all Canadian tutors
Startup sees fourth round of layoffs within a year as EdTech veteran Rich Yang becomes interim CEO.
Sampler files for bankruptcy
Documents show digital product sampling startup has nearly $13 million in liabilities.
Well Health plans to spin out, publicly list SaaS and services business in 2025
Founder and CEO Hamed Shahbazi said spin out will unlock “significant shareholder value.”