Alida secures $12.3 million CAD debt facility to pursue product-driven expansion
Fuelled by $12.3 million CAD ($10 million USD) in fresh debt financing and a clear vision, Alida aims to accelerate its new,…
SaaS
Following TSX IPO, VerticalScope acquires Paddling.com
Toronto’s VerticalScope has acquired Paddling.com, a website for kayak, canoe, and paddle board enthusiasts. The terms of…
Clearco, Caravan launch $50 million USD fund for celebrity-backed companies
Toronto-based Clearco has launched a $50 million USD fund in partnership with Caravan to provide non-dilutive capital to businesses…
Today in acquisitions: Converge Technology Solutions, LEAF Mobile, Syntax, and more
Over the past week, a number of Canadian tech companies have been involved in acquisitions, including OSF Digital, Syntax,…
Naver merges Wattpad, Webtoon studio divisions, invests $100 million USD
Following its acquisition of Wattpad earlier this year, South Korea’s Naver has merged Wattpad Studios and its own Webtoon…
AlayaCare raises $225 million CAD Series D round
Montréal-based healthtech startup AlayaCare has secured $225 million CAD in Series D funding to build on its recent growth,…
Joyride secures $4.6 million CAD to help launch bike and scooter-sharing businesses
Toronto-based micro-mobility software startup Joyride has raised about $4.6 million CAD ($3.7 million USD) in funding to build…
Today in funding: Trait Biosciences, ClearEstate
Two Canadian tech startups have recently secured fresh funding to fuel their growth. Here’s the latest on who raised money,…
ResQ announces December $9.75 million CAD fundraise to help restaurants meet “pent-up demand” during COVID reopening
Armed with about $9.75 million CAD ($7.5 million USD) in previously unannounced seed funding, Toronto-based restaurant software…
S|W: The SaaS Weekly – Chairman of the ApplyBoard
The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe. Subscribe to S|W using the…
Q4 Inc. pauses plans for $150 million public offering on Toronto Stock Exchange
Toronto-based investor relations (IR) software company Q4 Inc. has paused its planned initial public offering on the Toronto…
IBM to open new Toronto office, hire 500 across Greater Toronto Area
IBM Canada has announced plans to increase its headcount and consolidate its physical presence in Toronto, as it looks to support…
SoleSavy secures $15.5 million CAD to help sneakerheads combat sneaker-buying bots
Vancouver-based sneaker community startup SoleSavy has raised over $15.5 million CAD ($12 million USD) in Series A financing…
Today in hires: Snapcommerce, Properly, RenoRun, Notch
Four Canadian startups have recently brought on new team members to add to their teams, including Properly, RenoRun, Notch,…
Two US startups with Canadian roots, Moonshot and Nylas, secure combined $280 million
A pair of California-based tech startups with Canadian connections have collectively raised a total of $280 million USD in…