[ad_1]
Also: Sandpiper Ventures has closed its first $20 million fund focused on early-stage women-led tech startups.
Welcome to BetaKit Startup Stories of the Week! Here, you’ll find the week’s most important news, features and editorials published on Beta Kit. If you prefer this update to have it hit your inbox every week, be sure to sign up for the BetaKit newsletter using the form at the bottom of this page.
The main news of the week
Canalist, based in Chicago, was acquired by a giant from the BC technology outlet Tegus
The deal was announced today. Canalist was bought for $400 million to $500 million CD, multiple sources told BetaKit, who asked not to be named because they were not authorized to speak publicly about the financial terms.
It marks Shopify’s second strategic investment in recent weeks, partnering with Mailchimp competitor Clavio.
According to a recent SEC filing, Shopify invested $100 million in Clavio. Through this partnership, Clavio now serves as the recommended email solution partner for Shopify Plus and has early access to new Shopify development features.
Wattpad’s new leader is focused on creative value.
In a recent interview with BetaKit, Lam discussed how she plans to move Law’s vision forward and why creating value for WhatsApp creators remains a key focus as a Naver company.
Sandpiper Ventures has closed a $20 million seed fund focused on early stage women-led technology startups.
Launched in May 2020 to address the gender imbalance in Canada’s venture capital (VC) ecosystem, Sandpiper aims to support women-led technology startups across the spectrum in Atlantic Canada and across the country, and to increase the share of women investors.
Lightspeed’s earnings will increase in the first quarter of fiscal 2023 as losses widen
“Our two core offerings, Lightspeed Retail and Lightspeed Restaurant, continued to receive good market reception this quarter, helping to deliver strong revenue growth,” said Lightspeed CEO JP Chauvet.
Recent funding, acquisitions and layoffs
-
CAN – CFIN invests $338K in four Canadian projects (read more)
-
VAN – Article 216 disables workers (read more)
-
VAN – Laying off 47 workers (read more)
-
CAL – ZayZoon – $25.5M (read more)
-
EDM – Aurora Hydrogen – $12.85M (read more)
-
TOR – FreshBooks – $100M (read more)
-
TOR – Mejuri lays off 50 employees (read more)
-
TOR – Uberflip lays off 31 employees (read more)
-
TOR – Qui Identity – $6.5M (read more)
-
MTL – RenoRun Lays Off 70 Employees (Read More)
-
MTL – Nubic acquired by Deloitte (read more)
Sky-high IPO valuations and venture capital boom times may be over for now, but Canada’s private tech companies are creating new opportunities to innovate, share ideas and collaborate.
Read more.
Tracking down tech from Canada
“That was when they knew the hangover was about to set in.”
Tech reporter Isabelle Kirkwood joins us to walk us through Q2 2022 Canadian tech venture funding ecosystem-by-economy, how it compares to last year, and what it bodes well for the rest of the year.
Shopify Stumbling, Rogers Invincible, Refund Collection
“That’s the drag quote. ‘Amber Mack: Things are falling apart.’
Special guest Amber Mack joins to answer listener questions on the award-winning Betakit podcast. Topics include: Shopify layoffs, Rogers’ earnings resilience for a second layoff last year, Canada’s digital divide and early stage fundraising tips.
Sign up for B|K: The BetaKit Newsletter
Sign up for B|K using the form below to ensure it arrives in your inbox every week from BetaKit.
[ad_2]
Source link
