toronto

Bumble experiments with group chats, polls and video calls for its new social networking feature, ‘Hive’

Dating app maker Bumble revealed more of its plans to strengthen its social networking features during last week’s Q2 earnings, which saw the company’s shares slump over its lowered finan

Gorgias’ valuation rises to $710M with $30M Series C for e-commerce customer support

Gorgias' technology brings all of the channels that shoppers use to contact online stores into one feed for each company.

Layoffs hit crypto and real estate tech particularly hard this week

Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency pric

Wealthsimple, valued at $4B last year, joins the fintech layoffs list

Canadian fintech giant Wealthsimple, which was valued at $4 billion as of last year, is laying off 159 people — or about 13% of its staff. The Toronto-based company has been a leader in the realm of

Snap snaps up database developer KeyDB to make its infrastructure more snappy

As Snapchat’s app continues to grow, the company is turning to the open source community to help further improve its technology infrastructure. This morning, Snap announced it’s acquiring

AWS brings its Local Zones mini data centers to 32 new cities

Latency is critical for a lot of workloads, yet the large cloud providers typically build their major data centers where the electricity is cheap and the local tax incentives high. In recent years, th

Tiggy ready to take on Canadian food delivery incumbents with 15-minute option

Employing a dark store model is “virtually non-existent in Canada,” according to the company.

Shabodi aims to make developing apps in 5G a piece of cake; takes in $3M

Like what Square did for payments, Shabodi aims to demystify 5G by providing APIs so developers can build Industry 4.0 applications without unexpected costs, complexity and domain disparity.

Toronto’s transit agency cyberattack exposes 25,000 employees’ data

The Toronto Transit Commission has confirmed that the personal information of tens of thousands of employees may have been compromised as a result of a ransomware attack on its systems last month.  T

Bridgit secures $24M CAD in funding to provide construction companies with ‘workforce intelligence’

Bridgit, a “workforce intelligence” technology company that is focused on the construction industry, announced today that it has raised CAD$24 million, or about US$19.4 million, in Series B fundin

More African startups get into Techstars Toronto

In March, two Nigerian startups, Treepz (formerly Plentywaka) and TalentQL got into the Techstars Toronto accelerator program alongside eight other companies. The program, held virtually, provided th

Canadian startup Rose Rocket raises Series A to scale its transport software business

Freight transportation-focused Rose Rocket recently raised a $25 million round. The Toronto-based startup calls the round a Series A, with Addition Capital and Shine Capital leading the deal. Per vent

AutoLeap drives technology for car repair shops with new $18M capital infusion

AutoLeap is bringing the auto repair shop into the 21st century by digitizing their workflow and reducing the manual double-entry shop owners are used to doing.

Apple Maps rolls out 3D view to London, LA, New York and San Francisco

Apple is bringing its 3D maps to more cities within the Apple Maps app, including London, LA, New York and San Francisco. The experience, launching with iOS 15, follows several years of investment in

Scotts Miracle-Gro announces cannabis investment entity, and a $150M investment in RIV Capital

Scotts Miracle-Gro knows how to make plants grow, and now the company is looking to cannabis companies to grow its balance sheet. The company today announced an investment entity specifically for cann

FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform

FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing. E

Golden Ventures raises $100M fourth fund and $20M opportunities fund

Canadian early-stage venture firm Golden Ventures has raised its fourth fund, a $100 million pool of capital that it will use to invest in between 20 to 25 companies, as well as a $20 million “O

Canadians are polite, but we’re still recruiting your biotech talent, America

Canadian leaders remain concerned about the inbound flow of talent to key sectors like advanced manufacturing, clean tech and biotech. They’re doing all they can to chip away at American advantages.

White Star Capital launches new $50M crypto/blockchain fund backed by Bpifrance, Ubisoft

White Star Capital, better known as a VC firm which, in its time, has backed the likes of Digg, LaunchRock, Meero, Summly, and Tier, among others, is moving into the hot world of crypto and blockchain

Women-led sports media startup The GIST raises $1M to challenge sports reporting norms

The three co-founders of The GIST are all themselves sports fans, but realized in 2018 that sports media in general left a lot to be desired when it comes to catering to audiences outside of the male-
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