Lightspeed will pay $11 million to settle class-action suit, Québec judge rules
Retail tech firm admits no liability for allegations of overstating performance metrics.
Canadian Startup News
Montréal’s seventh Startup Community Awards get a new home, and a new tone
After community feedback, revamped awards use new innovation hub to refocus on founders.
Feds unveil $358-million initiative to bolster Canada’s defence supply chain
Regional Defence Investment Initiative will be deployed by Canada’s regional development agencies.
Tracktile banks on Maritime hospitality to scale its operations software for “messy” manufacturing
Charlottetown startup raises $1.25 million to help complex manufacturers understand and control their business.
Lightspeed president JD Saint-Martin returning to VC roots at Boreal Ventures
Saint-Martin will join the Montréal firm at the end of March as it raises its second fund.
How Vive Crop Protection is helping farmers grow more, while using harmful pesticides less
Canadian AgTech company just closed a $10-million funding round.
Xposure Music’s $42.5-million USD raise will help it spot the next generation of streaming music stars
Montréal music buyer uses AI analytics to bet on long-term indie music success.
CVC hits $30-million target for second Saskatchewan-focused fund
Conexus Venture Capital’s first fund made 17 investments in Prairies-based startups.
EQ Bank carves out more market share with $800-million PC Financial purchase
Deal comes at the end of a “difficult year” for EQB.
BC offers local businesses up to $500,000 to test early-stage tech innovations
Innovate BC has allocated $2.5 million to projects submitted by Dec. 21.
University of Toronto establishes AI research chair to recruit the next Geoffrey Hinton
Google and U of T are each providing $10 million to support the position.
MaRS innovation hub and insurance firm Definity launch new accelerator for climate adaptation startups
With insurance payouts from wildfires, floods, and storms on the rise, Definity sees room to help prevent them.
Clio takes Alexi to court over database at the centre of billion-dollar vLex deal
Alexi denies misusing Fastcase data to build a competing platform.
Revolut appoints new Canadian CEO four years after retreat from market
Jan Pilbauer tapped as new Canadian CEO as British neobank evaluates market return.
The Nod asks Canadians to shop the “Real Black Friday” by supporting Black-owned businesses
Community network encourages intentional commerce on Black Friday and year-round.