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.

Funding

League hits user milestone and secures $100-million USD credit facility from RBCx

Jan 14, 2025

Financing to support platform development, sales capacity, and potential mergers and acquisitions.

Events

Innovation Minister François-Philippe Champagne will not seek Liberal leadership

Jan 14, 2025

Champagne: “I will dedicate my energy … to defend Canadian businesses.”

AI

Uvaro acquires coding school Lighthouse Labs to take on AI-augmented job market

Jan 14, 2025

The two companies fit together like puzzle pieces, Uvaro CEO says.

Float
Funding

Float raises $70-million Series B CAD led by Goldman Sachs

Jan 13, 2025

Funding will be used to broaden product suite and attract talent.

AI

BBTV rebrands to RHEI, launches new AI training licensing platform for creator content

Jan 10, 2025

Media tech firm went private last year to alleviate “financial and administrative burden” of public markets.

Funding

Work automation platform Gumloop raises $24.5-million Series A as it relocates to Silicon Valley

Jan 10, 2025

Gumloop CEO says Vancouver suffers because “San Francisco is a very strong magnet for exceptional talent.”

D-Wave CEO says Nvidia CEO Jensen Huang is “dead wrong” about quantum computing

Jan 9, 2025

Huang sent the share prices of quantum companies down after expressing a pessimistic outlook on the sector.

AI

Cohere launches customizable enterprise AI workspace platform North

Jan 9, 2025

Cohere’s answer to Microsoft Copilot and Google Vertex already has a partnership with RBC.

Acquisitions

California-based loan collection platform Eltropy acquires Lexop for undisclosed amount

Jan 9, 2025

Combined company to continue operating in both California and Montréal.

Acquisitions

Humi acquired by Australian HR software company Employment Hero

Jan 8, 2025

Sources told BetaKit the purchase price is $155 million CAD.

Cleantech

New Blue Action Canada oceantech accelerator launches backed by COAST and Founders Factory

Jan 7, 2025

Pilot cohort will support eight startups in BC with plans to expand Canada-wide later this year.

Shopify
Acquisitions

Shopify acquires Shop.ca domain from Emerge Commerce

Jan 7, 2025

Shopify continues nurturing its Amazon alternative as e-commerce competition heats up.

Funding

Valsoft reloads acquisition war chest with $216.7-million CAD funding round

Jan 3, 2025

Vertical software rollup company made nearly 20 acquisitions in 2024.

Acquisitions

Thomson Reuters acquires American tax automation software SafeSend for $600 million USD

Jan 2, 2025

SafeSend integrates with various tax preparation products, including Thomson Reuters’s own UltraTax CS.

Champagne stays put as Liberals name new FedDev, PrairiesCan ministers in cabinet shuffle

Dec 20, 2024

NDP leader Jagmeet Singh says he will bring down the government when Parliament reconvenes in January.

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