Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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Canadian Tech & Startup News
Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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Alex Riehl

Alex Riehl

Alex Riehl is an Ottawa-based staff writer and newsletter curator at BetaKit. His main interests are in tech, gaming, and sports. You can follow his sports takes @alexriehl.com on Bluesky and reach him by email Alex.Riehl@betakit.com or Signal: @riehlalex.99.

Healwell
Acquisitions

Well Health to exercise call options that give majority controlling interest in strategic partner Healwell AI

Apr 1, 2025

Call option exercised in conjunction with Healwell’s acquisition of New Zealand healthtech company.

proptech
FinTech

Fractional real estate investment platform Addy becomes exempt market dealer after BCSC fine

Mar 28, 2025

Startup paid $100,000 fine for trading approximately $26 million of securities while unregistered.

VC

Movement51 appoints former DMZ leader Emily Smiley as executive director

Mar 28, 2025

The51 sister org aims to help woman-identifying and gender-diverse people build their financial confidence.

Events

Basetwo emerges from CIX Summit 2025 as Canada’s representative for the Startup World Cup

Mar 27, 2025

Clio founder Jack Newton also recognized as CIX Innovator of the Year.

Markets

Lightspeed to expand and revamp sales team as part of revised go-to-market effort

Mar 26, 2025

Execs said direct sales will help company’s two “leading growth engines” at Lightspeed’s Capital Markets Day.

Acquisitions

Descartes nabs another American company with $164.4-million acquisition of 3Gtms

Mar 26, 2025

Acquisition expands logistics software company’s North American reach and adds network of carriers.

Funding

ExxonMobil takes CoLab Software’s AI tool out to sea with $5.6-million oil rig partnership

Mar 25, 2025

R&D funding supported hiring of 17 full time employees at CoLab’s St. John’s headquarters.

Queens Park

Seventy-five Ontario CEOs sign open letter calling on Premier Doug Ford to prioritize homegrown innovation

Mar 25, 2025

Demanding letter seeks provincial procurement and funding overhauls in the first 100 days of Ford’s new mandate.

Markets

Lightspeed scales back fiscal 2025 revenue outlook as “several macroeconomic conditions have deteriorated”

Mar 24, 2025

Lightspeed saw same-store sales and business formation decline as the trade war heated up in February and March.

Funding

FreshBooks reveals new CEO Shaheen Javadizadeh after securing $179 million in debt from Morgan Stanley

Mar 21, 2025

Company expected to use new facility to refinance existing debt as interim CEO Mara Reiff moves to COO.

Funding

Sprout Family raises $1.7 million pre-seed round to make fertility benefits more accessible in Canada

Mar 20, 2025

Platform helps employers include fertility, surrogacy, and adoption coverage in their health plans.

Summit Nanotech
Funding

Summit Nanotech closes $36.5-million funding round to commercialize lithium extraction tech

Mar 19, 2025

Cleantech startup has been seeking an elusive high-value Series B round since its last raise in 2023.

Shopify building
Markets

Shopify to transfer US stock listing to Nasdaq, remain on TSX

Mar 19, 2025

Stock transfer follows recent changes to Shopify’s SEC filings that show potential to become US-domiciled.

AI

Telus partners with Nvidia to transform its data centre into a Canadian “Sovereign AI Factory”

Mar 18, 2025

Telus to equip its Québec data centre with Nvidia’s latest AI chip architecture.

Funding

Mining magnate Pierre Lassonde donates $50 million to establish deep tech institute at Polytechnique Montréal

Mar 17, 2025

Institute aims to establish itself as a partner for major tech initiatives in Bromont, Québec City, and Ottawa.

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