News from BetaKit

French private equity firm Jolt Capital to open North American headquarters in Montréal

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Alex Riehl @ BetaKit · 06/10/2024 16:12 EDT

Former Scale AI COO Clement Bourgogne will head the deeptech investor’s Canadian operations. Read more ›

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Sonya Shorey officially named president and CEO of Invest Ottawa

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Alex Riehl @ BetaKit · 06/10/2024 14:30 EDT

Shorey held the lead on an interim basis following Michael Tremblay’s November 2023 departure. Read more ›

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Inovia raises initial $300 million USD for third growth equity fund led by CDPQ

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Josh Scott @ BetaKit · 06/10/2024 10:47 EDT

First close brings Inovia two-thirds of the way to its $450-million target. Read more ›

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Propel unveils new Validation cohort of early-stage founders in Atlantic Canada

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Isabelle Kirkwood @ BetaKit 3 place · 06/10/2024 06:05 EDT

Meanwhile, Halifax accelerator Tribe is seeking Black early-stage founders for its START program. Read more ›

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F|T: The FinTech Times – The unravelling of LoanSnap after raising $100 million

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Alex Riehl @ BetaKit 2 place · 06/10/2024 05:22 EDT

Plus: Ratehub has a new CEO. Read more ›

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Why aren’t Canadian VCs more “cutthroat?”

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Bianca Bharti @ BetaKit · 06/10/2024 05:00 EDT

Plus: An exclusive interview with ex-Lightspeed CEO JP Chauvet on his next move. Read more ›

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How Dax Dasilva plans to get Lightspeed to $1 billion in revenue

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Douglas Soltys @ BetaKit · 06/09/2024 17:37 EDT

Dax is back: why he stepped down, then returned, as the company he founded approaches its 20th birthday. Read more ›

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Dapper Labs reaches tentative settlement in NBA Top Shot class-action suit

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Isabelle Kirkwood @ BetaKit 1 place · 06/07/2024 14:44 EDT

The settlement, if approved, would require Dapper Labs to make a $4-million payment. Read more ›

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Executive turnover continues in Canadian tech as Ratehub names new CEO

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Isabelle Kirkwood @ BetaKit 1 place · 06/07/2024 06:02 EDT

Healwell, TryCyle, Userful, and more also make changes to the top. Read more ›

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H|T: The Healthtech Times – Amplitude Ventures closes $263M for second precision medicine fund

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Alex Riehl @ BetaKit 2 place · 06/07/2024 04:59 EDT

Plus: The new Alberta program looking to connect the healthtech ecosystem. Read more ›

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Tiny appoints WeCommerce head Jordan Taub as its new CEO

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Alex Riehl @ BetaKit · 06/06/2024 15:09 EDT

Tiny co-founders Andrew Wilkinson and Chris Sparling will “remain actively involved” as company chairs. Read more ›

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Federal, BC privacy watchdogs investigating Certn over its use of personal data

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Isabelle Kirkwood @ BetaKit · 06/06/2024 14:05 EDT

Investigation will examine Certn’s tenant-screening services and its compliance with privacy laws. Read more ›

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Cohere launches program to help early-stage startups adopt AI and secures $450 million USD

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Josh Scott @ BetaKit 1 place · 06/06/2024 08:00 EDT

Latest financing sees Cisco, PSP Investments join existing backers Nvidia, Salesforce. Read more ›

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Canada’s AI Global Innovation Cluster invests $31.3 million across 22 projects

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Alex Riehl @ BetaKit 3 place · 06/06/2024 06:00 EDT

Alongside partner participation, Scale AI says the projects represent a $96-million investment. Read more ›

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After over a decade at Lightspeed, JP Chauvet aims to be “good sounding board” as Inovia’s newest executive-in-residence

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Josh Scott @ BetaKit 2 place · 06/06/2024 06:00 EDT

In a wide-ranging interview with BetaKit, Chauvet takes stock of time at Lightspeed and outlines plans to help other entrepreneurs. Read more ›

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R|T: The Retail Times – Battle of food delivery apps leads to $20B in losses

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Alex Riehl @ BetaKit · 06/06/2024 04:58 EDT

Plus: Ticketmaster hack affects more than half a billion users. Read more ›

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Canadian-founded Staging Labs acquired by Merkle Science

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Isabelle Kirkwood @ BetaKit · 06/05/2024 15:38 EDT

Staging Labs uses real-time tech to detect and block malicious crypto transactions. Read more ›

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Surveillance hardware tech startup Vosker secures $171.2 million CAD in debt financing

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Isabelle Kirkwood @ BetaKit · 06/05/2024 14:01 EDT

Startup develops solar-powered remote-monitoring cameras that work without Wi-Fi or electricity. Read more ›

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McRock Capital announces initial $111-million CAD close of third fund

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Alex Riehl @ BetaKit · 06/05/2024 12:59 EDT

McRock had previously set a $200 million target for Fund III. Read more ›

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Anthropic’s AI chatbot, Claude, is now available in Canada

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Alex Riehl @ BetaKit · 06/05/2024 11:00 EDT

Anthropic positions itself as the safety-conscious competitor of OpenAI. Read more ›

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