After facing “challenging operating conditions,” Jasper Commerce sells operating business to Digital Commerce Payments
Jasper to keep some equity and future earnings, but otherwise has “no active business.”
Toronto
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.”
Swift Medical among the latest #CDNtech companies to appoint new leaders as industry executive turnover continues
Changes in top leadership also hit Faire, Kovo HealthTech, goeasy, CFI, and more.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Roga secures $1.7 million CAD to reduce stress and burnout with its nerve-stimulating wearable
Neuroscientist and former Google Pixel PM team up to tackle workplace stress with Roga.
Bitfarms appoints Ben Gagnon as CEO amidst activist threats from Riot Platforms
Bitfarms parted ways with a CEO in March, kicking off a lawsuit and a public spat with Riot.
OMERS sells medical testing giant LifeLabs to American firm Quest Diagnostics for $1.35 billion
LifeLabs will retain its brand, Canadian headquarters, and management after the acquisition is closed.
Eric Sprott-backed Argo Digital Gold secures strategic investment from WonderFi, Paxos
Funded by industry leaders, Argo aims to offer “seamless crypto-to-gold trading.”
Trader Corporation and Freelance.ca strengthen their online marketplaces through new acquisitions
Freelance.ca scoops up Workhoppers, while Trader purchases Collateral Management Solutions.
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.
Healwell AI invests $2.7 million CAD into Elon Musk’s xAI to tap into company’s expertise, resources
Healwell CEO touts access to xAI’s closed developer program as big potential benefit.
e-Zinc powers up with $42 million CAD to validate energy storage solution in the field
With beefed-up leadership team, CEO feels Chris Hadfield-backed e-Zinc is ready for pilot production.
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.
Bitcoin miner Hut 8 to receive $150 million to provide AI computing power
Hut 8 shifted its headquarters from Toronto to Miami following a merger last year.