Addressing Canada’s speed of financial innovation

We have a podcast double feature for you this week, featuring two different conversations from the recent Elevate FinTech stage, which was programmed by BetaKit. Combined, I think they provide a pulse check on the state of financial innovation in Canada, and where it intersects with competition, government policy, and the nation’s underbanked. For both […]

‘The world’s biggest problems are not going to be solved with software’: industry leaders unpack Canada’s opportunities in semiconductors and AI

Semiconductors and artificial intelligence (AI) took centre stage at the fourth HardTech Summit this week, where attendees gathered to network, attend panels, exhibitions, and check in on the state of Canada’s hard technology ecosystem. Markham, Ont.-based VentureLab, which caters to entrepreneurs building hard tech solutions, hosted the event. “It’s becoming clear that the world’s biggest […]

Online legal database CanLII sues Caseway AI for copyright infringement

The Canadian Legal Information Institute (CanLII) has filed a lawsuit against artificial intelligence (AI) startup Caseway AI, alleging Caseway violated its terms of use and infringed copyright by scraping 3.5 million records from CanLII’s database. The suit follows a failed cease-and-desist letter the institute sent to Caseway last month, demanding the startup delete and end […]

WonderFi CEO Dean Skurka kidnapped, released after reportedly paying $1-million ransom

Dean Skurka, president and CEO of Toronto-based cryptocurrency company WonderFi, was reportedly kidnapped and held for ransom in Toronto yesterday. A Toronto Police Service spokesperson told BetaKit that police were called about a kidnapping in the area of University Ave. and Richmond St. W. just before 6 p.m. on Nov. 6 after suspects forced the […]

Lightspeed, Well Health hit new revenue milestones in latest quarterly earnings

Shares in Montréal-based Lightspeed Commerce and Vancouver-based Well Health Technologies both climbed after the companies reported reaching new nine-figure revenue milestones in their latest quarterly earnings. Both Lightspeed and Well posted strong revenue growth in their latest fiscal quarters, with Lightspeed reporting $277.2 million USD and Well reporting $251.7 million CAD, a year-over-year increase of […]

MedEssist offers pharmacists medication delivery through new partnership with Uber Direct

Toronto-based healthtech startup MedEssist has launched a new integration with Uber’s white-label delivery service to expand access to same-day medication delivery for pharmacies across North America. The partnership between MedEssist and Uber Direct will allow community pharmacies in Canada and the United States to tap into Uber’s network of workers and offer delivery to their […]

Longbow Capital completes $150-million initial close of second Energy Transition Fund

Calgary-based private equity firm Longbow Capital looks to continue investing in emission-tackling companies after securing an initial close of $150 million for its second energy transition fund.  Longbow’s first Energy Transition Fund reportedly raised a total of $181 million.  The initial close of Energy Transition Fund II, which has a target of $250 million, is […]