News from BetaKit

ZayZoon, Symend, Peggy named to CIX’s top early-stage, growth startup lists

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Alex Riehl @ BetaKit · 02/15/2024 14:28 EDT

This is the first edition of the lists since Elevate acquired CIX in September 2023. Read more ›

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Supply chain software company Nulogy receives strategic backing from US private equity firm Rubicon

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Isabelle Kirkwood @ BetaKit 2 place · 02/15/2024 10:30 EDT

With Rubicon’s experience and more cash on hand, Nulogy is exploring new ways to scale. Read more ›

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Lightspeed founder Dax Dasilva returns as interim CEO, replacing JP Chauvet

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Josh Scott @ BetaKit 3 place · 02/15/2024 09:58 EDT

Despite recently beating its fiscal Q3 targets, Lightspeed’s shares have still fallen. Read more ›

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Mining tech company GeologicAI acquires consultancy Resource Modeling Solutions

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Bianca Bharti @ BetaKit 3 place · 02/15/2024 06:00 EDT

GeologicAI has developed “robot geologists” for the mining sector. Read more ›

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R|T: The Retail Times – Shein seeks China’s green light to IPO

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Alex Riehl @ BetaKit 3 place · 02/15/2024 05:00 EDT

Plus: Shares drop after Lightspeed beats Q3 guidance and Shopify hikes prices. Read more ›

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Ocean tech company Xeos Technologies acquired by Spain’s Satlink

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Alex Riehl @ BetaKit · 02/14/2024 15:52 EDT

Xeos helps track and control assets that operate in harsh maritime environments. Read more ›

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EdTech game developer Prodigy Education adds CFO to refreshed leadership team

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Josh Scott @ BetaKit 2 place · 02/14/2024 06:00 EDT

After September 2022 “reset,” Prodigy has set its sights back on sustainable growth. Read more ›

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Unbounce among the latest #CDNtech companies making changes at the top

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Alex Riehl @ BetaKit 1 place · 02/14/2024 06:00 EDT

WeCook, Aifred Health, and Stream Systems have also made leadership changes this month. Read more ›

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Evercloak closes $2-million seed round as it looks to cool buildings without heating the planet

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Isabelle Kirkwood @ BetaKit 3 place · 02/14/2024 05:50 EDT

Evercloak’s membranes are aimed to reduce the energy air conditioners consume by more than 50 percent. Read more ›

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Why this Canadian VC strongly recommends SR&ED financing to his portfolio companies

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Isabelle Kirkwood @ BetaKit · 02/14/2024 05:30 EDT

Startups can use SR&ED advances to fuel their growth engine. Read more ›

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A|I: The AI Times – Deepfaked: employee falls for $25M USD-money transfer order

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Alex Riehl @ BetaKit · 02/14/2024 05:00 EDT

Plus: Google launches a re-branded Bard in Canada and AI flags abound. Read more ›

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Digital transformation consulting firm Levio receives $125-million commitment from CDPQ

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Isabelle Kirkwood @ BetaKit 2 place · 02/13/2024 13:39 EDT

Financing deal expected to fuel Levio’s acquisition strategy. Read more ›

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Shopify beats Q4 revenue estimates, targets combo of growth and profitability in 2024

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Josh Scott @ BetaKit 3 place · 02/13/2024 08:18 EDT

Shopify’s Q4 and 2023 performance was fuelled in part by strong GMV growth. Read more ›

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Staircase Ventures bets on Sibli as VC firm reveals first four investments

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Isabelle Kirkwood @ BetaKit 3 place · 02/13/2024 08:01 EDT

Sibli uses AI to give asset managers “information advantage” when researching opportunities. Read more ›

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Float secures $50-million credit facility from Silicon Valley Bank to expand its financial products

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Josh Scott @ BetaKit · 02/13/2024 07:10 EDT

FinTech firm teams up with SVB again to grow its corporate credit offering. Read more ›

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Visa Canada, Plug and Play host Toronto FinTech Innovation Showcase to spotlight Canadian startup ecosystem

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Isabelle Kirkwood @ BetaKit 3 place · 02/13/2024 06:03 EDT

Visa-backed event part of a new initiative to support Canadian FinTech. Read more ›

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S|W: The SaaS Weekly – Snap cuts senior execs amid sector-wide layoffs

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Alex Riehl @ BetaKit · 02/13/2024 05:00 EDT

Plus: Canadian cleantech startup scores in Latin America with global clients. Read more ›

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Bank modernization software provider Zafin to be acquired by Nordic Capital

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Alex Riehl @ BetaKit · 02/12/2024 15:31 EDT

A Zafin investor said the deal represents one of the largest recent exits in the Canadian software industry. Read more ›

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Fuelled by Well Health partnership, Healwell looks to apply AI to preventative care

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Isabelle Kirkwood @ BetaKit 2 place · 02/12/2024 06:02 EDT

Healwell AI zeroes in on M&A for growth after surgically removing its clinical footprint. Read more ›

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Vector Institute leaders chart AI hub’s progress and the challenges that remain

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Josh Scott @ BetaKit 3 place · 02/12/2024 06:00 EDT

Experts discuss AI safety, regulation, and how Canada can maintain global leadership. Read more ›

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