Canada Technology

Shopify beats its revenue growth forecast in Q4 after strong holiday season

E-commerce company generated $2.8 billion USD in revenue, posting a $1.3 billion profit. Canadian e-commerce giant Shopify beat its previous forecast for revenue growth and posted a sizable profit during the fourth quarter of 2024 following a strong holiday season that included another record-breaking Black Friday, Cyber Monday weekend. Shopify’s revenue rose 31 percent […]

Canada Technology

Shopify CEO commits to ‘buy local’ features for Shop app after criticizing Canada’s tariff response

US, Canada, Mexico first to be featured as Tobi Lütke claims Shopify is “unaffected” by tariffs. Shopify CEO Tobi Lütke has pledged to roll out “buy local features” to the Shop app after criticizing the Canadian government’s decision to impose retaliatory tariffs on US imports. Lütke announced the features in an X post on […]

Canada Technology

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

Co-founder says company was grateful to land rare nine-figure Canadian tech exit. Toronto-based e-commerce software aggregator Carbon6 Technologieswhose 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 […]

Canada Technology

Why Sampler failed, according to its founder

Marie Chevrier Schwartz explains how her company lost product-market fit after a decade in business. Could this happen to my company? That was surely one of the questions running through the minds of the assembled tech leaders and founders attending the tell-all fireside chat between Sampler founder and former CEO Marie Chevrier Schwartz and […]

Canada Technology

atVenu secures $130 million USD to fuel expansion into new live events markets

Sole investor Sixth Street Growth also participated in Clio’s $1.24-billion CAD Series F round earlier this year. Calgary and California-based live events e-commerce startup atVenu has closed $130 million USD ($178.6 million CAD) in equity financing from San Francisco-based Sixth Street Growth. Michael McGinn, partner and co-head of Sixth Street Growth, told Fortune the […]

Canada Technology

New School Foods lands big fish as IKEA joins returning investors in $8-million CAD seed extension

Startup plans to bring plant-based salmon alternative to US, Canadian markets. Toronto-based foodtech startup New School Foods has closed an $8-million CAD ($6-million USD) seed extension as it gears up to launch its plant-based salmon in the United States (US) and Canada. The seed extension was led by Good Startup, which invests in startups […]

Canada Technology

Shopify taps Microsoft executive Mikhail Parakhin as its new CTO

Shopify CEO Tobi Lütke praised Parakhin’s “deep expertise” in AI and machine learning. Canadian ecommerce giant Shopify is hiring former Microsoft executive Mikhail Parakhin as its new CTO. “The impact of [Parakhin’s] work across the broader tech industry runs deep.” Shopify president Harley Finkelstein According to his LinkedIn, Parakhin had been with Microsoft since […]

Canada Technology

FansUnite sells American subsidiary back to co-founders, delists from TSX

FansUnite said it expects to retain approximately $500,000 CAD to “explore new business opportunities.” Vancouver-based sports betting tech company FansUnite Entertainment has sold FansUS,  its United States (US)-based subsidiary, back to its co-founders. The sale includes the operations of online gambling support company Betting Hero. As a result, FansUnite has delisted from the Toronto […]

Canada Technology

Carbon6 acquires American firm Junglytics to provide AI tools for Amazon sellers

Junglytics’ platform provides Amazon sellers with data analysis through a “GPT-style” interface. Toronto-based e-commerce software aggregator Carbon6 has acquired Washington, DC-based artificial intelligence (AI)-powered retail analytics platform Junglytics for an undisclosed amount. Carbon6 will open a European office in Belfast, Northern Ireland, in the fall. Carbon6 said in a statement that the acquisition will […]