Funding follows apparent departure of Certn president less than a year into the job. Victoria-based background-check technology startup Certn and Toronto-based software rollup company Quadshift are benefiting from the Business Development Bank of Canada’s (BDC) bolstered venture capital arm this week, securing a combined $53 million in funding from the agency’s recently topped-up investment […]
ThoughtExchange, Verv, and Lorica also started the year by making changes at the top. Burnaby, BC-based legaltech company Clio has promoted a new general manager to oversee its Canadian operations as it looks to expand in its home market. The new manager, Luke Slan, started as an account executive in 2018, where he was […]
San Francisco-based revenue management platform plans to expand globally. Canadian-led, San Francisco-based Nue has raised a $20-million USD ($28.8-million CAD) Series A round for its revenue lifecycle management platform. The all-equity round was led by Montréal-based venture firm Inovia Capital, who will gain a board seat, with participation from Bluefish Capital, NextWorld Capital, NJP […]
Company claims AI model armed with physics, chemistry expertise can cut inefficiencies in mass production. Toronto-based Basetwo has closed a $11.5 million USD ($16.5 million CAD) Series A round for its artificial intelligence (AI)-powered copilot for manufacturing engineers. The software-as-a-service (SaaS) startup is trying to solve tech inefficiencies in large-scale chemical manufacturing. Basetwo says […]
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 […]
SafeSend integrates with various tax preparation products, including Thomson Reuters’s own UltraTax CS. Toronto-based business information services giant Thomson Reuters has acquired tax software provider cPaperless, which operates as SafeSendfor $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 […]
Calgary company sees dip in total donations, but rise in volunteering compared to 2023. Calgary’s Benevity saw over $140 million donated to more than 56,000 nonprofits across 122 countries and territories through its platform on Giving Tuesday this Dec. 3. The corporate social impact software firm reported 148,000 individuals and 637 companies participated this […]
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 […]
Startup claims it can provide document notarization in just seven minutes. Oshawa, Ont.-based legaltech software startup NotaryPro has partnered with Staples Canada to bring its notarization services to the office supply retail company’s website and stores. The partnership will allow Canadian individuals and businesses to complete online notarization using NotaryPro’s software. On Nov. 18, […]
Workorb secures $2.6 million CAD to advance AI in architecture, engineering, construction sectors. Toronto-based artificial intelligence (AI) startup Workorb has closed $2.6 million CAD in seed financing to advance its automation product for the architecture, engineering, and construction (AEC) industry. The round, which consisted of SAFE agreements that closed over the summer, was led […]
