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Funding

Koho becomes Canada’s latest unicorn following $130-million Series E round

Josh Scott Jun 11

FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence.

Nesto CEO Malik Yacoubi sits on stage with two other unidentified man.

Funding

Nesto secures nearly $1.5-billion valuation in new Series E round

Alex Riehl Jun 10

Montréal-based digital mortgage lender wants to speed up approvals using AI.

Intriciate technology connected to the Trillium Supercomputer

Inside the GTA facility housing one of Canada’s most powerful supercomputers

Josh Scott Jun 8

Trillium helps Canadian researchers with massive jobs like simulating oceans and modelling stars.

Evan Solomon speaking into a microphone.

Canada’s AI strategy contains $2.3 billion in spending but few details on new privacy regulations

Alex Riehl Jun 4

Delayed strategy promises plan to encourage Canadians to reinvest tech investment gains in AI startups.

BDC extends Isabelle Hudon’s mandate as CEO through 2030

Alex Riehl Jun 1

Crown corporation’s board chair says Hudon will help shape its next five-year strategy.

Defence Tech

Q&A: Erin O’Toole says Canada needs to play catch-up on defence innovation

Douglas Soltys May 28

Erin O’Toole wants Canadian innovators to seize the moment before it’s gone.

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Markets

Thinkific sees revenue rise, net loss jump in Q1 2022, following recent layoffs

Josh Scott May 6, 2022

Thinkific attributes higher net loss to growth investments, restructuring costs.

Funding

Tilr secures $1.3 million grant from Ontario through Skills Development Fund

Charlize Alcaraz May 6, 2022

Tlir is one of over 200 companies financed in the second SDF round.

FinTech

Platform Calgary opens applications for Calgary Fintech Awards

Charlize Alcaraz May 6, 2022

Participating startups get a chance to win up to $250,000.

Funding

Supportbench secures $1.9 million CAD to become Zendesk for B2B companies

Meagan Simpson May 6, 2022

First step? Convince investors that B2B customer support could be better.

Healthtech

H|T: The Healthtech Times – Zymeworks has the blues

Cameron Chaddad May 6, 2022

Plus: Think Research to continue acquisition spree with new $25 million credit facility.

Magnet Forensics founder Jad Saliba and CEO Adam Belsher

Acquisitions

Magnet Forensics acquires assets from Comae Technologies, posts 35 percent revenue growth in Q1 2022

Josh Scott May 5, 2022

Magnet acquired Comae’s memory analysis tech to bolster its cyber incident investigation capabilities.

Acquisitions

Validere acquires Clairifi to offer regulatory reporting capabilities for oil and gas firms

Charlize Alcaraz May 5, 2022

Validere wants to drill ESG compliance into energy companies with Clairifi acquisition.

Acquisitions

Playmaker acquires New York-based sports media company The Sports Drop

Charlize Alcaraz May 5, 2022

Playmaker continues sports media acquisitions spree.

Acquisitions

Shopify delivers $2.1 billion USD Deliverr deal to expand fulfillment network

Josh Scott May 5, 2022

Deliverr marks Shopify’s largest acquisition to date.

Markets

Shopify’s growth continues to slow in Q1 2022 as it reaches deal to buy Deliverr for $2.1 billion USD

Josh Scott May 5, 2022

Shopify misses analyst estimates, sees shares drop to a two-year low.

Markets

Lightspeed leverages acquisitions to launch new flagship omnichannel retail platform

Josh Scott May 5, 2022

Lightspeed Retail launch follows company’s recent C-Suite shakeup.

SaaS

Boast.ai leadership transition makes Alok Tyagi CEO to scale R&D tax credit company

Meagan Simpson May 5, 2022

Boast.ai co-founders Alex Popa and Lloyed Lobo will remain on the board.

Funding

Neo Financial joins Canada’s unicorns as Peter Thiel’s Valar triples down with $185 million round

Meagan Simpson May 5, 2022

Wealthsimple had Paul Desmaris to fuel its growth; Neo has Peter Thiel.

Retail

R|T: The Retail Times – Amazon jabs at Shopify

Cameron Chaddad May 5, 2022

Plus: Shipfusion secures $51.2 million CAD to expand warehouse network to Dallas, New Jersey.

How do you measure culture in the remote and hybrid workplace?

Rob Kenedi May 4, 2022

Donuts are not enough.

From Partners

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BetaKit Podcast

Jim Balsillie speaking at BetaKit Most Ambitious: Town Hall

Physical AI and economic nationalism at BetaKit Most Ambitious: Town Hall

by Douglas Soltys June 8, 2026

Waabi’s Raquel Urtasun and CCI’s Jim Balsillie came to Toronto Tech Week armed with data and predictions.

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Evan Solomon at BetaKit Most Ambitious: Town Hall

Events

AI sovereignty & defence tech at BetaKit Most Ambitious: Town Hall

by Douglas Soltys June 1, 2026

Evan Solomon, leaders from Xanadu, Dominion Dynamics, Sentinel R&D got candid at Town Hall.

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Events

How Toronto Tech Week became Canada’s largest grassroots tech event

by Douglas Soltys May 22, 2026

Co-directors Julia Konefal and Mell Truong explain how TTW went from experiment to 600 events in just two years.

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British Columbia

Harjit Sajjan reports for duty

by Douglas Soltys May 15, 2026

After decades in public service, former defence minister Harjit Sajjan is now a defence-tech entrepreneur.

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Defence Tech

Evaluating Canada’s Defence Industrial Strategy

by Douglas Soltys April 27, 2026

The DIS adds clarity to Canada’s defence spending commitments, but not their outcomes.

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