Avanti Software secures $25 million to fully embrace cloud-only payroll and HR tech
Since its acquisition in 2016, Avanti has gone “all-in on the cloud.”
R|T: The Retail Times – Shopify’s stock slips
Plus: Uber Eats vs. DoorDash: The delivery wars are heating up.
Aviron scores $23.6 million CAD Series A round to make rowing fun
Toronto startup hopes to row around Peloton’s shark-infested waters.
A|I: The AI Times – Speaking Cohere’s language
Plus: Texas sues Meta over Facebook’s facial-recognition practices.
Former Bench CEO Ian Crosby joins Shopify Balance as product director
The Bench co-founder described Shopify Balance as “a phenomenal product.”
Busbud closes $14 million CAD, acquires Recorrido to fuel Latin American expansion
Chilean energy firm COPEC’s venture arm led the round.
Operto raises $15.3 million CAD to help hosts manage short-term rentals, hotels
Operto is eyeing international expansion and new verticals like hotels.
F|T: The FinTech Times – Things at Better are getting worse
Plus: Canadian tech salaries jumped 38 percent since 2019, but attracting talent is tough.
S|W: The SaaS Weekly – Wattpad’s widening end zone
Plus: Checking in with BC’s SaaS Unicorns.
Canadian startup news of the week (2/21/22)
Plus: Allen Lau drafts a new plan for Wattpad.
Roach Capital closes $6.4 million CAD for first fund from prominent VCs, Shopify execs
Golden Ventures and partners from Tiger Global and Garage Capital also invested in the Shopify alum-led fund.
H|T: The Healthtech Times – Canadian biotech leader Clarissa Desjardins secures the bag
Plus: Peloton is cutting 20 percent of workforce as CEO steps down.
R|T: The Retail Times – Shopify’s strategic investment to solve this supply chain mess
Plus: Massive “coffeetech” investments are giving startups a jolt.
Shopify shares drop following decelerated revenue growth, lowered guidance in Q4 2021
Shopify’s share price has dropped 18 percent following market open.
Alongside closes $8 million Series A to merge its HR tools with CareerBeacon’s jobs site
Alongside used some of the funding to acquire CareerBeacon in December.