Canadian co-founded Substack raises $100-million USD Series C to grow tools for independent creators
Two out of three Substack co-founders are University of Waterloo alums.
SaaS
Longtime 1Password CEO Jeff Shiner moves to executive chair, cedes reins to David Faugno
Shiner calls Faugno “the right leader for where we’re going next.”
Define Capital fuels up for more niche software acquisitions with $28-million debt facility from Scotiabank
Toronto private equity fund warms up to the idea of buying corporate spinoffs and venture-backed startups.
Uberflip co-founder secures $1 million to help families pass down valuables with Trusty
Repeat tech entrepreneur Randy Frisch sees potential to build a “modern letter of wishes.”
GreenSky closes $23.5-million sixth fund with help from new managing partner Jeff Brunet
NBIF becomes LP as Toronto firm dips its toes into institutional investor pool.
Cohere to open South Korean office, expand AI offerings in Asia Pacific
Enterprise AI developer partnered with tech giant LG and South Korean government for AI diplomacy program.
Tailscale CEO Avery Pennarun says pressure to adopt AI has created a “Wild West” for corporate cybersecurity
Pennarun wants companies to stop putting their private API servers on the public internet.
Canadian co-founded eSIM provider Airalo hits unicorn status with $220-million USD Series C round
COO Abraham Burak left the University of Ottawa to launch the billion-dollar business.
Opennote raises $850,000 USD, secures Y Combinator spot for edtech platform
The three student founders plan to build stateside.
LeoMed raises $2.75-million seed round for telehealth patient monitoring platform
Montréal startup says software platform can ease burden of a strained healthcare system.
Still watching? Rivr closes $3.6 million CAD from GreenSky to help creators and brands identify engaging video content
Rivr already counts Amazon Games, Bungie, and Epic Games among its clients.
Canada pulls Digital Services Tax to avoid stalling US trade negotiations
CVCA, academics, and business groups had urged ditching the tax to prevent US retaliation.
Nvidia acquires Canadian AI efficiency startup CentML
Nvidia rival AMD also acquired Canadian AI firm Untether earlier this month.
Clio to acquire Spanish-American legaltech vLex for $1 billion USD
vLex offers an extensive legal and regulatory database alongside an AI-powered assistant.
Bridgit’s Mallorie Brodie explains why Canadian startups need to think globally from the start
Brodie unpacks Bridgit’s pivot, mitigating risk in construction, and looking up to Axonify, Knix, and Jane.