Leon leaves the bankrupt cryptocurrency lender one week after former CEO Alex Mashinsky resigned, according to an internal memo seen by CNBC. Celsius did not respond to The Logic’s request for comment, but Bloomberg and the Financial Times have reportedly received confirmation from the company. (CNBC)
Slow purchasing processes that focus on price rather than value—and are too specific about what governments want to buy rather than what problems they want to solve—are stultifying improvements in Canadian health care, the Competition Bureau said in a new report. (The Logic)
The Toronto-based online study-abroad coaching platform announced that it closed its seed funding round Tuesday. (The Logic)
Accounting standards that forbid governments from claiming the value of features like wetlands in preventing flooding mean there’s no financial argument for preserving them, the University of Waterloo’s Intact Centre on Climate Adaptation said in a new paper. (The Logic)
The Austin-headquartered acquirer closed the transaction on Monday and did not disclose the terms of the deal. Sensibill and all its employees will be integrated into Q2, said Jean Kondo, vice-president of marketing and communications at the U.S. firm. (The Logic)
In a speech to the Calgary Chamber of Commerce Tuesday, Jonathan Wilkinson touted the massive potential to create new jobs as Alberta transitions away from fossil fuels, but said it could be a challenge to find the necessary workers. “My greatest fear is not that we will have excess labour but rather the opposite—that we will have a shortage of labour to address all of the big opportunities that present themselves,” he said. (The Logic)
A Toronto-based e-commerce software aggregator for Amazon sellers announced that it has raised $66 million with equity and venture debt while buying up an assortment of software companies since May 2021. (The Logic)
The Toronto-based venture capital firm raised money from high-net-worth individuals, family offices and institutional investors, including returning limited partners CIBC and Canso Investment Counsel. It’s aiming to raise $40 million in total. (The Logic)
New York-based Tabone was previously vice-president and general manager for Google Pay and Google Finance, and worked on the search giant’s Chromebook laptop. He will take the role of chief product and technology officer, succeeding Guillaume Jacquet, who departed in July. (The Logic)
Brevan Howard Digital and Morgan Creek Digital led the round, with participation from traditional gaming companies Ubisoft and Take-Two Interactive as well as Shopify CEO Tobias Lütke. The company did not disclose its valuation, but CFO Deborah Marfurt told Bloomberg it has increased since a funding round last year that valued Horizon at US$89.5 million, according to PitchBook. (The Logic, Bloomberg)