News from BetaKit

F|T: The FinTech Times – PayPal spent $1 billion on Xoom, now facing pressure to sell

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Alex Riehl @ BetaKit 1 place · 05/23/2023 05:00 EDT

Plus: Wealthsimple ups user insurance limit. Read more ›

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Canadian startup news of the week (5/22/23)

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Alex Riehl @ BetaKit · 05/23/2023 05:00 EDT

Plus: Sam Altman says this Canadian city should be the next AI hub. Read more ›

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What’s next for Shopify?

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Douglas Soltys @ BetaKit 1 place · 05/22/2023 06:00 EDT

Business Insider's Madeline Stone joins to discuss the end of Shopify's "side quest" and future of Canada's tallest tech poppy. Read more ›

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Caucus group launched to deal with emerging technology like AI, blockchain

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Charles Mandel @ BetaKit 1 place · 05/19/2023 16:24 EDT

Concerns over the pace of blockchain, artificial intelligence spur group to grapple with regulation and innovation Read more ›

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Tough Commerce raises $2 million to become Shopify for “complex” industries like construction

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Charlize Alcaraz @ BetaKit 3 place · 05/19/2023 14:25 EDT

A former Shopify engineering lead joined Tough Commerce as investor, board member. Read more ›

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Ailing MCI OneHealth divests five clinics in Calgary to Well Health for $2 million

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Charles Mandel @ BetaKit 2 place · 05/19/2023 14:25 EDT

Well called the acquisition an excellent opportunity to expand to more providers in Alberta. Read more ›

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Energy management startup Peak Power raises $47 million CAD to expand across US

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Charlize Alcaraz @ BetaKit · 05/19/2023 13:09 EDT

Peak Power to expand energy storage tech as new US tax incentive drives adoption. Read more ›

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Stathera closes $20 million CAD Series A to commercialize semiconductor timing tech

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Josh Scott @ BetaKit 2 place · 05/19/2023 11:22 EDT

ceo: tech will help wearable IoT device manufacturers save space, simplify supply chains. Read more ›

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Withe raises $1.1 million in mission to address hospitality hiring challenges

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Charlize Alcaraz @ BetaKit · 05/19/2023 06:00 EDT

The Vancouver-based software startup lists Marriott International as one of its users. Read more ›

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R|T: The Retail Times – Alibaba logistics arm eyes up to $2 billion Hong Kong IPO

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Alex Riehl @ BetaKit 2 place · 05/19/2023 05:00 EDT

Plus: Attabotics sues Canadian Tire over warehouse fire. Read more ›

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H|T: The Healthtech Times – Recursion acquires two Canadian AI drug-discovery companies

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Alex Riehl @ BetaKit · 05/19/2023 05:00 EDT

Plus: FDA commissioner: "hard to catch up" on regulating digital health. Read more ›

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Shopify claims best conversion rates among checkout solutions on the market

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Charlize Alcaraz @ BetaKit · 05/18/2023 14:36 EDT

Shopify said its overall conversion rate outpaces competitors by 36 percent. Read more ›

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Lightspeed Commerce makes gains in fiscal 2023, fourth quarter

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Charles Mandel @ BetaKit · 05/18/2023 14:00 EDT

Revenues up, losses down but Lightspeed shares slide on the market. Read more ›

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1Password launches passkeys for businesses as shift to passwordless picks up

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Charlize Alcaraz @ BetaKit · 05/18/2023 11:41 EDT

1Password is among tech giants like Google and Apple leading the move to passkeys. Read more ›

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CVCA: Canadian venture capital continues to fall back to pre-pandemic levels

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Meagan Simpson @ BetaKit · 05/18/2023 06:00 EDT

Canadian trends are in line with the US and global results. Read more ›

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A|I: The AI Times – At I/O, Google makes up for lost time

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Alex Riehl @ BetaKit 3 place · 05/18/2023 05:00 EDT

Plus: Bessemer and SoftBank bet big on AI. Read more ›

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Bloom raises $7 million to make applying for reverse mortgages easier

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Charlize Alcaraz @ BetaKit · 05/17/2023 15:54 EDT

Bloom combines the use of an online registration form and live customer service. Read more ›

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Mayor Tory’s departure, competing bids, and financial pressure on province and feds place Collision’s future in Canada in doubt

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Josh Scott @ BetaKit 2 place · 05/17/2023 14:25 EDT

Collision ups ask to north of $40 million CAD for an extended three-year stay, as five other cities vie to host the conference. Read more ›

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Pfizer Canada partners with Communitech to launch health-focused accelerator program

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Charlize Alcaraz @ BetaKit 2 place · 05/17/2023 13:39 EDT

The open call for proposals ends on May 31. Read more ›

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Tehama returns as management team buys it out of bankruptcy

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Charles Mandel @ BetaKit 3 place · 05/17/2023 09:00 EDT

CEO Paul Vallée said he's "pretty chuffed" about the new startup. Read more ›

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