Hopper closes $96 million USD from Capital One at more than $5 billion valuation
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R|T: The Retail Times – Hopper makes deep staff cuts, pulls back from Asia to pursue profitability

Plus: Canada looks at limiting number of Airbnbs to free up rentals. The Retail Times is a weekly newsletter covering retail tech news from…

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Digital medical-billing platform ResolvMD secures $2 million loan from PaceZero to pursue strategic acquisitions
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Digital medical-billing platform ResolvMD secures $2 million loan from PaceZero to pursue strategic acquisitions

Doctor-backed Calgary startup sees opportunities across Alberta. Toronto-based private credit firm PaceZero Capital Partners is providing $2 million CAD in growth financing to Calgary…

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Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
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Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding

As VC financing has dried up, a growing number of Canadian tech firms are running out of cash. Burlington, Ont.-based Tiptap and Laval, Qué.’s…

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Shopify changes employee compensation model: “being a manager now has no effect on compensation”
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Shopify plans to “aggressively pursue” ID of funders in cases against “patent trolls”

Company filed motion in Texas court demanding Lower48 IP LLC reveal third-party interests. After battling patent trolls for years, Shopify has announced plans to…

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GSoft
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GSoft secures $125-million CDPQ investment to pursue growth through acquisitions

GSoft’s February acquisition of Quebec City’s Didacte was the company’s first. Montreal-based GSoft, which provides software solutions for employee experience, has secured a $125-million…

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RenoRun lays off 43 percent of staff to extend runway as inflation rises and consumer confidence falls
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RenoRun granted court extension in insolvency filing to pursue sale

RenoRun asked for extension amid “a high level” of interest from potential buyers. RenoRun has filed for and been granted an extension as part…

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Symend closes $54 million CAD to pursue global expansion amid uncertain economic environment
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Symend closes $54 million CAD to pursue global expansion amid uncertain economic environment

Facing market headwinds and tailwinds, Symend has cut staff and set its sights on growing efficiently. Following 20 months of “laser focus” on research…

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TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty
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TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty

Amid the prospect of recession and stiff competition, TouchBistro sets sights on growing efficiently. The pandemic has been difficult for TouchBistro and its competitors…

Continue Reading TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty