Investissement Québec leads $30M investment in telemedicine startup Medfar
With the Series C, the Montreal-based company will accelerate its North American expansion, which it will achieve in part through mergers and acquisitions. (The Logic)
With the Series C, the Montreal-based company will accelerate its North American expansion, which it will achieve in part through mergers and acquisitions. (The Logic)
The fast-fashion retailer says it plans a “big” Montreal experience likely before the end of the year, after a successful four-day long Toronto showroom that about 5,500 people visited. (Retail Insider)
The business lobby group is “pressing” the Liberal government “to halt the implementation” of the digital services tax (DST) and to “refrain from any legislative or regulatory action in the digital trade space that we believe discriminates specifically against [U.S.] companies,” Suzanne Clark said at an Ottawa event attended by industry executives and diplomats. She was scheduled to meet with Prime Minister Justin Trudeau on Wednesday afternoon. (The Logic)
The ad-tech company’s raise included Hearst Ventures, an investment wing of the U.S. media empire, and asterX, Quebecor’s venture arm, as well as Deloitte Ventures, Desjardins Capital and Brightspark Ventures. The funds will be used to expand its sales and marketing team, expand globally and support a growing client base. (The Logic)
Clients will be able to use the chatbot-builder platform’s new voice feature to answer their users’ queries over audio channels and use generative AI tools to produce replies based on their own documentation. (The Logic)
Laval-based Bellus doesn’t have a product on the market but it has a drug for chronic coughs—a common affliction with few treatments—in late clinical trials. The purchase price of US$14.75 a share is more than double the level Bellus’s stock traded at before the deal was announced. (The Logic)
The parent company of Loblaws, Shoppers Drug Mart and other chains has hired Per Bank—the outgoing CEO of Salling Group A/S, Denmark’s largest retailer with 1,700 supermarkets—as CEO and president starting in the first quarter of 2024. (The Logic)
The Toronto-based fintech has named Rubina Singh as chief marketing officer and Diederik van Liere as chief technology officer, The Logic has learned. Van Liere, previously the company’s vice-president of data science and engineering, will lead its data and engineering teams in the new role. Singh is new to the company, and was formerly senior vice-president of marketing at Washington, D.C.-based Arcadia. (The Logic)
The Mississauga, Ont.-based company said the round was co-led by the Telus Pollinator Fund for Good and OurCrowd, a global venture investing platform. (The Logic)
The region requires more wet lab space, more talent and help with costs to keep the capital-intensive sector growing, according to Invest Vancouver. (The Logic)