News from BetaKit

Power marks up value of stake in Wealthsimple for third consecutive quarter

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Josh Scott @ BetaKit 1 place · 08/09/2024 16:31 EDT

Hike to $1.5 billion CAD reflects rise in public markets and Wealthsimple’s performance. Read more ›

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Ecosystem Spotlight: Montréal’s tech sector faces change with savoir-faire

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Isabelle Kirkwood @ BetaKit 2 place · 08/09/2024 06:00 EDT

CIBC Innovation Banking’s Eric Laflamme on the “perfect mix” of investment alchemy in Canada’s most European city. Read more ›

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Miru closes $27.4-million CAD Series A as smart windows startup prepares to launch in 2025

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Isabelle Kirkwood @ BetaKit 1 place · 08/08/2024 17:16 EDT

Startup’s windows control heat gain and glare to reduce the need for air conditioning. Read more ›

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INNOVATEwest is on indefinite pause after Web Summit lands in Vancouver

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Bianca Bharti @ BetaKit 3 place · 08/08/2024 11:19 EDT

The organizers behind INNOVATEwest, which held its inaugural event this past April in Vancouver, have put the new tech conference on indefinite pause due to Web Summit’s arrival in the city next year. Cube Business Media sent out an email Thursday to speakers, partners, and ticketholders notifying them of the decision. “It is our opinion that the arrival of Web Summit in Vancouver will draw substantial attention and resources from... Read more ›

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National Bank reinvests as Walnut secures $4.6 million to expand embedded insurance capabilities

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Josh Scott @ BetaKit 1 place · 08/08/2024 09:00 EDT

Telus, Diagram, Portage back Toronto insurtech startup’s platform development plans. Read more ›

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Shopify grows revenue 21% in second quarter

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Bianca Bharti @ BetaKit 2 place · 08/07/2024 09:39 EDT

Navigating a mixed consumer spending environment, the company brought in $2 billion USD. Read more ›

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FinTech software firm PureFacts sells majority stake to New York-based GrowthCurve Capital

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Isabelle Kirkwood @ BetaKit 1 place · 08/07/2024 05:59 EDT

Deal reportedly values PureFacts at $250 million. Read more ›

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Nuvei posts 30% revenue growth in second quarter

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Bianca Bharti @ BetaKit 3 place · 08/06/2024 18:02 EDT

Nuvei announced it plans to acquire Brazil-based Pay2All earlier this week. Read more ›

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LeddarTech’s Nasdaq listing in jeopardy as stock falls below $1-USD minimum

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Isabelle Kirkwood @ BetaKit · 08/06/2024 14:05 EDT

Company has 180 days to regain compliance and remain listed on Nasdaq Global Market. Read more ›

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Dax Dasilva wants his bonus

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Bianca Bharti @ BetaKit · 08/06/2024 09:35 EDT

Plus: More money on the table for diverse founders. Read more ›

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Perceptive Space emerges from stealth with $3.9 million to help predict solar flares and other ‘space weather’

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Josh Scott @ BetaKit · 08/06/2024 09:00 EDT

Toronto space tech startup aims to ensure safer satellite launches and operations. Read more ›

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Former Delve Laboratories, Dialogue leaders secure $2 million to help cyber insurance brokers sell policies and assess risk

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

Inscora plans to launch its “value-added cyber insurance” software by the end of 2024. Read more ›

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Summer VC check-in with Sand Hill North’s Ryan Henry

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Douglas Soltys @ BetaKit 1 place · 08/05/2024 06:00 EDT

In the dog days of summer, what feels true for VCs and founders? Read more ›

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CAAIN seeks automation, “data-driven” AgTech projects for $6-million challenge

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Alex Riehl @ BetaKit 1 place · 08/02/2024 05:59 EDT

Interested parties must submit a project application form by Aug. 9. Read more ›

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Interior design project management platform Mydoma acquired by California’s Studio Designer

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Alex Riehl @ BetaKit 2 place · 08/01/2024 12:59 EDT

Studio Designer said the two companies will support nearly 20,000 interior designers across the United States and Canada. Read more ›

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Lightspeed beats revenue forecast in first full quarter under Dax Dasilva’s renewed reign

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Douglas Soltys @ BetaKit 3 place · 08/01/2024 08:46 EDT

Montréal-based company reports 27 percent year-over-year sales increase to $266.1 million USD. Read more ›

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Canadian telecom is gearing up for a quantum leap

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Isabelle Kirkwood @ BetaKit 2 place · 08/01/2024 06:00 EDT

TELUS helps drive quantum research and development. Read more ›

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Tracktile raises $575K to bring operations software to manufacturing industry plagued with “expensive and legacy” tech

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Bianca Bharti @ BetaKit 3 place · 07/31/2024 14:24 EDT

BDC selected the PEI startup as the first investment from its Seed Venture Fund. Read more ›

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Lithium-ion battery developer UgoWork closes Series C funding to expand HQ, production facility

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Alex Riehl @ BetaKit · 07/31/2024 13:26 EDT

UgoWork said it might raise additional capital, but declined to disclose further details. Read more ›

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Justice Department involved following Invest Nova Scotia employee email scam

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Alex Riehl @ BetaKit 1 place · 07/31/2024 05:31 EDT

Phisher impersonating Sandpiper Ventures received $573,000. Read more ›

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