Archives

Scaling infrastructure for a market that never sleeps

BetaKit is proud to present Changemakers, an AWS Startups series spotlighting Canadian tech companies solving complex global challenges. Read part one here. It only takes the hit of a button to buy crypto, but it takes much more to make the transaction happen. The crypto market has faced accelerating momentum this year. Regulators are providing […]

Mastercard and VoPay help empower a cross-border economy

When Hamed Arbabi ran a Vancouver-based telecom venture, his company was working with thousands of operators and retailers across five different continents.  Paying them was the hardest part. “Our finance team was growing at the same pace as our engineering and sales teams,” Arbabi recalls. “At some point, we had 60 people constantly trying to […]

Pender Ventures closes second B2B software, healthtech-focused VC fund at $100 million

Vancouver-based venture capital (VC) firm Pender Ventures has closed its second fund with over $100 million CAD in total commitments to invest in early-stage Canadian business-to-business (B2B) software and healthtech startups.  Pender Ventures, which is the VC arm of Vancouver investment firm PenderFund Capital Management, announced the first close of the Pender Technology Inflection Fund […]

Nuvei posts revenue growth in final earnings as go-private deal gets green light

Montréal-based payments company Nuvei reported yet another quarter of growth in revenue and transaction volume in what may be its last-ever quarterly earnings in its current form as a publicly traded company. Nuvei is looking to add more than 300 roles across its product, technology, and commercial teams.  In its Q3 earnings report following market […]

Richa Mehta joins Radical Ventures as San Francisco-based partner

Toronto-based artificial intelligence (AI)-focused venture capital (VC) firm Radical Ventures has tapped Richa Mehta as its newest partner.  Mehta will help lead Radical’s growth strategy, taking on typical partner responsibilities like leading investments, taking board seats, interfacing with limited partners, and helping grow Radical’s team, Radical partner Aaron Brindle told BetaKit in an email statement. […]

Trolley secures $32 million CAD Series B to expand payout platform’s global reach

Montréal-based payout platform Trolley has raised $32 million CAD ($23 million USD) in Series B growth equity financing to expand the global reach of its payout management software.  New investor and Boston-based B2B SaaS firm Wavecrest Growth Partners led the round, with follow-on support from New York-based Pace Capital.  “Raising investment from US backers while […]

1Password alters leadership with David Faugno appointed co-CEO alongside Jeff Shiner

Toronto-based 1Password has shifted president and chief operating officer, David Faugno, to serve as co-CEO alongside longtime leader Jeff Shiner.  “[Faugno’s] expertise in scaling high-growth tech companies perfectly complements my focus on product innovation.” Jeff Shiner1Password Faugno’s involvement with 1Password dates back approximately six years. He initially acted in an advisory capacity following 1Password’s 2019 […]

Toronto’s rising tech stars have one big thing in common: they worked at Uber

Some of Toronto tech’s most ambitious leaders share a common trait in their Linkedin profiles: working experience at Uber Canada.  Since first setting up shop in Canada in 2012, Uber’s focus has been building products to get people closer to where they want to be. From UberX to Uber Eats, Uber has sought to change […]