Uvaro acquires, Float soars, Shopify’s order is ready for pickup
QUIZ START Feature image courtesy Float. The post Uvaro acquires, Float soars, Shopify’s order is ready for pickup first appeared on BetaKit.
Trudeau’s tariff team taps Canadian tech to get tough on Trump
A team of Canadian businesspeople, including tech founders and venture capital (VC) investors, have been tapped by Prime Minister Justin Trudeau to lead Canada’s response to the threat of potentially devastating 25-percent tariffs imposed by the US. Council members are being asked to leverage their expertise to support the Prime Minister and Cabinet in crafting […]
The51 holds $51-million final close for Food and AgTech Fund amid challenging venture market
Women-led investment firm The51 held the final close for its $51-million Food and AgTech Fund after actively raising for nearly the past four years. The Food and AgTech Fund is The51’s first sector-specific fund, and will invest in diverse founders who are transforming food and agriculture with advanced technology between the pre-seed and Series A […]
Lyteflo secures $3 million CAD in seed funding to rev up EV sales platform
Montréal-based electric vehicle (EV) sales platform Lyteflo has closed a $3-million CAD seed round to help car dealerships sell EVs more effectively. “EVs are here to stay. They’re too big to fail.” Ryan Osten The software-as-a-service (SaaS) startup aims to demystify the EV buying process for consumers and dealerships through its EV Revenue Platform, which […]
Pierre Poilievre pledges to scrap capital gains tax changes under Conservative government
Conservative Party leader Pierre Poilievre says he will reverse the capital gains tax rate changes announced in the 2024 budget, if he is elected. While Poilievre had previously voted against the changes, and produced a video denouncing them last year, he had yet to commit to a reversal if he were to take power—until now. […]
CCI launches Balsillie-backed innovation policy institute Canadian SHIELD
The Council of Canadian Innovators (CCI) is launching a think tank focused on advancing innovation policy and promoting economic nationalism. The Canadian SHIELD (Securing Homegrown Innovation, Economic Leadership, and Defence) Institute is opening with a $10-million CAD donation from Jim Balsillie, CCI co-founder and chair and former BlackBerry co-CEO. The policy institute will focus on […]
Vasco raises $11.5 million CAD to help startups manage revenue trajectory with AI
Montréal-based Vasco has secured $8 million USD ($11.5 million CAD) in seed funding to help startups commercialize through its artificial intelligence (AI)-powered revenue operations (RevOps) platform. “One of the top reasons why great innovation doesn’t make it to the world is because [it] fails in commercialization.” Guillaume JacquetVasco Vasco’s revenue management platform aims to solve […]
Intuit Canada is hiring key tech roles
Canada has quietly become a powerhouse for Intuit’s most ambitious technology projects. From its Toronto base, Intuit’s workforce is tackling some of the company’s thorniest problems in personal finance and small business management, working on its marquee products like TurboTax, Credit Karma, QuickBooks, and Mailchimp. “Where can you impact 50 million people with the work […]
Former Plooto CEO Hamed Abbasi on trial for alleged sexual assault
Hamed Abbasi, the co-founder and former CEO of Toronto-based payments scaleup Plooto, is facing charges of sexual assault, BetaKit has learned. According to court documents obtained by BetaKit, the alleged assault took place in Toronto in Nov. 2023. Abbasi was arrested and charged days later with one count of sexual assault contrary to s. 271 […]
League hits user milestone and secures $100-million USD credit facility from RBCx
Toronto-based healthcare platform League has secured a $100-million USD ($144-million CAD) credit facility from RBCx as it celebrates achieving 40 million users under contract. League struck a partnership with Australia’s largest private health insurer this past October. League said in a statement that the customer milestone represents a 160 percent increase year-over-year, and claimed the […]