California-based loan collection platform Eltropy acquires Lexop for undisclosed amount
Montréal-based debt collections technology provider Lexop has been acquired by California-based loan collection platform Eltropy for an undisclosed amount. As part of the acquisition, Lexop will be integrated into Eltropy and begin operating under its brand name. Eltropy said in a statement that the combined company will continue to operate from both Eltropy’s headquarters in […]
Doctor-led Oxford Cancer Analytics closes $16-million CAD Series A to improve early lung cancer detection
Oxford, UK and Toronto-based Oxford Cancer Analytics (OXcan) has set out to help spot one of the deadliest forms of cancer earlier. The doctor-led, pre-revenue medtech startup has secured over $11 million USD ($16 million CAD) in Series A funding to fuel the development and deployment of its protein-based blood test product for early-stage lung […]
Broadsight appoints Steve Lowry as CEO to help UBC spinout build “the Salesforce for comms”
Vancouver-based communications software startup Broadsight has hired Steve Lowry as its next CEO. Lowry, who had been advising Broadsight for a year and a half, assumed the role earlier this month. He replaces Broadsight co-founder and senior public relations (PR) professional Kurt Heinrich, who has transitioned to chief strategy officer (CSO). “It just struck me […]
Aspect Biosystems lands $165-million CAD Series B to advance 3D-printed tissue therapies
Vancouver-based Aspect Biosystems has raised a $115-million USD ($165 million CAD) Series B round to realize its ambitions of bringing 3D-printed tissue therapies into clinical use. Aspect has developed 3D-printing technology more at home in the realm of science fiction than Canadian hospitals: it designs and produces 3D-printed living tissue implants in hopes that they […]
Humi acquired by Australian HR software company Employment Hero
Toronto-based Humi has been acquired by fellow HR software company Employment Hero, as the embattled Australian company looks to gain a foothold in Canada. In a statement, Humi said the deal is “estimated to be worth north of $100 million CAD.” However, sources close to the company indicated to BetaKit that the acquisition was worth […]
Deep tech is thriving in the Maritimes
Iain Klugman might best be known for championing Kitchener-Waterloo’s tech scene. But in recent years, the former Communitech CEO has been taking a closer look at another tightly-knit ecosystem. A Dalhousie University graduate and Advisory Board Member at the Nova Scotia Health Innovation Hub, Klugman has trained his eyes on Atlantic Canada, where he sees […]
Carebook joins parade of public Canadian tech companies returning private
Just over four years after going public, struggling Montréal healthtech firm Carebook Technologies has struck a deal with its largest shareholder to become private once more. Last week, majority shareholder UIL Limited agreed to acquire all common Carebook shares that UIL or its affiliates and associates do not already own for $0.10 CAD apiece in […]
New Blue Action Canada oceantech accelerator launches backed by COAST and Founders Factory
Victoria-based Centre for Ocean Applied Sustainable Technologies (COAST) has teamed up with Founders Factory and Blue Action to launch a Canadian chapter of the oceantech-focused Blue Action Accelerator under the name Blue Action Canada. “We’d like to see this widen out to Canada-wide [and] launch the second cohort towards the end of this year.” Jason […]
1Password builds on B2B growth with acquisition of UK-based Trelica
Toronto-based password management company 1Password has acquired United Kingdom software-as-a-service (SaaS) startup Trelica to expand the capabilities of its Extended Access Management (XAM) platform. 1Password launched its XAM offering last year to help businesses “secure every sign-in for every app on every device.” 1Password’s strategic acquisition of Trelica gives the firm access to technology that […]
Shopify acquires Shop.ca domain from Emerge Commerce
The URL shop.ca, once the home of a large Canadian e-commerce player in its own right, will now redirect to Shopify’s Amazon-like online megastore. Shopify has purchased the domains shop.ca and shop.us from Toronto-based Emerge Commerce for $375,000 USD ($536,000 CAD). The domains will now automatically direct users to Shop app as the company continues […]