ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.
SaaS
Fifteen years after spinning out Hootsuite, Invoke gets with the Incrowd
How the digital agency founded by Ryan Holmes returned to its product-building roots.
PathFactory acquires fellow B2B marketing platform Uberflip in stock-for-stock deal
PathFactory says the combined entity’s customer list includes firms such as Nvidia, Amazon, and Thomson Reuters.
After reaching $100 million USD in ARR, Vena becomes Canada’s latest “centaur” company
Vena says it is benefitting from “strong, predictable growth.”
Intuit closes Edmonton office as company-wide layoffs impact 10 percent of employees
Some roles are being consolidated to its Toronto office to “better align” resources, company says.
D2L and MDF Commerce expand software portfolios with latest acquisitions
Recently privatized MDF Commerce acquires EcoInteractive as D2L purchases H5P Group.
Bell acquires #CDNtech companies Stratejm and CloudKettle to beef up cloud capabilities
Deals aim to boost Bell’s offerings in cybersecurity and Salesforce expertise.
Patent suit sees Canadian court rule in favour of Farmers Edge
AGI had alleged Farmers Edge infringed on its patent for a “Farming Data Collection and Exchange System.”
OpenText lays off 1,200 employees as part of restructuring plan
CEO plans to add 800 new roles in sales, professional services, and engineering.
Canadian-founded, New York-based AI startup Clay closes $63-million CAD Series B
Launched by McGill grads, Clay aims to help automate sales.
Trader Corporation and Freelance.ca strengthen their online marketplaces through new acquisitions
Freelance.ca scoops up Workhoppers, while Trader purchases Collateral Management Solutions.
Former Team Canada support staff secure $1.3 million to deliver Olympic-level corporate team building
Innerlogic seeks to speed up the path to better workplace culture with AI.
Following pivot to enterprise SaaS model, Haloo closes $4.7 million CAD
Startup has made key hires as it looks to scale from hundreds of SaaS customers to tens of thousands.
Gaiia closes $18-million CAD Series A as it looks to build the Shopify for ISPs
Startup targets challenger internet providers with all-in-one operating software.
IGM Technology joins Lead Edge Capital’s portfolio with strategic investment
The $5-billion growth equity firm counts Alibaba, Bumble, Uber, and more among its portfolio.