Tag #Canadian Tech

theglobeandmail.com
🌐 75% Global Worthiness
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Canada Invests $950 Million in BDC Capital to Support Tech Startups

The Canadian government is providing $950 million to BDC Capital to support Canadian startups amid economic uncertainty, allocating $500 million to its growth venture fund and $450 million to its growth equity partners program, reflecting a need to offset reduced private investment and bolster domes...

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36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Lightspeed Cancels Sale, Announces US$400 Million Share Buyback

Lightspeed Commerce Inc. announced it will buy back US$400 million of its shares instead of selling the company, driven by confidence in its turnaround plan and supported by its largest shareholder, the Caisse de dépôt et placement du Québec. The decision follows a strategic review and a strong thir...

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36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Ritual Technologies Co-founders Join Shopify After Pandemic-Induced Collapse

Ritual Technologies, a Canadian tech firm once valued at over US$300 million, is seeing its co-founders and R&D team join Shopify after struggling during the pandemic, with some investors describing the move as a potential 'acqui-hire' where Shopify purchases the company for its talent.

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44% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Clutch Technologies Rebounds, Exceeds Peak Valuation

Clutch Technologies Inc., an online car retailer, rebounded from near bankruptcy in 2023 to achieve over $400 million in annualized revenue and a valuation exceeding its 2021 high of $575 million by 2025, after implementing significant cost-cutting measures and improving operational efficiency.

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48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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StackAdapt Secures US$235 Million in Funding, Valued at US$2.5 Billion

StackAdapt, a Canadian advertising technology company, secured US$235 million in funding, valuing it at US$2.5 billion; this investment, led by the Ontario Teachers' Pension Plan and Intrepid Growth Partners, follows the company's exceeding US$400 million in revenue in 2024 and its projection of ove...

Progress

48% Bias Score

Decent Work and Economic Growth