Year: 2025

Carbon6 to be acquired by US-based SPS Commerce for $301 million CAD to grow e-commerce merchant toolkit

Toronto-based e-commerce software aggregator Carbon6 Technologies, whose core business model included acquiring numerous other companies, is now the one being bought.  “Carbon6 was founded to simplify success for sellers and suppliers, starting with a focus on Amazon.” Kazi Ahmed Carbon6 is set to be acquired by Minneapolis-based retail supply chain solutions company SPS Commerce for […]

What kind of entrepreneur will you be in 2025?

“Do you do New Year’s resolutions?” This was the question posed to me by my business partner at the start of our very first meeting of 2025. You know, the charming and successful tech entrepreneur who then went on to explain how he runs annual goal-setting sessions for both his family and his family office. […]

BrainBox AI acquired by Irish HVAC giant Trane to cut building emissions using AI

Irish HVAC giant Trane Technologies has completed its purchase of Montréal-based clean tech startup BrainBox AI for an undisclosed amount. Trane hopes to help reduce the carbon footprint of commercial buildings with BrainBox’s artificial intelligence (AI) tools. The bolt-on acquisition, which closed yesterday after being announced in mid-December, will allow Trane to integrate BrainBox AI’s […]

Valsoft reloads acquisition war chest with $216.7-million CAD funding round

Montréal-based Valsoft Corporation capped off 2024 by raising a $150-million USD ($216.7-million CAD) growth equity round to continue acquiring and scaling vertical software companies.  Valsoft kicked off 2024 with a similar growth equity round led by Coatue and Viking Global.  This strategic financing round was led by Portage Capital Solutions, with participation from Propelr Growth […]

Bench had a crazier holiday break than your startup

Bookended by a sudden shutdown and a rapid acquisition, Vancouver-based FinTech startup Bench Accounting had a chaotic holiday season. On Fri. Dec. 27, the bookkeeping tech company abruptly ceased operations, leaving hundreds of employees out of work and thousands of small business customers in the lurch with 2025 just around the corner.  Bench, which had […]

Thomson Reuters acquires American tax automation software SafeSend for $600 million USD

Toronto-based business information services giant Thomson Reuters has acquired tax software provider cPaperless, which operates as SafeSend, for $600 million USD ($864.5 million CAD) in cash. Founded in 2008 and based in Ann Arbor, Mich., SafeSend aims to eliminate some of the manual work of tax professionals by automating the “last-mile” of the tax return, […]

Fiserv to acquire Payfare in $201.5-million CAD deal after swiping its DoorDash business

American FinTech giant Fiserv is set to acquire Toronto-based Payfare for $201.5 million CAD ($140 million USD), capping off a turbulent year for the payments processor that included a share price plummet and a strategic review.  Fiserv may have prompted Payfare’s troubles when it won the business of its biggest client, DoorDash. Payfare, an earned […]

#CDNtech’s 2025 Resolutions: Ecosystem Leaders

PRESENTED BY The new year is a clean slate, a time to double down on what works, take a few big swings, and leave the dead weight behind. In partnership with NorthGuide, BetaKit asked Canadian tech ecosystem leaders about the habits they’re sharpening, the bets they’re making, and the buzzwords they’re banning in 2025. Anthonia […]