Canadian Startup News of the Week (2/27/22)

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Canadian Startup News of the Week (2/27/22)

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Clearco changes CEOs; Hopper continues acquisitions; ApplyBoard is eyeing an IPO.

Welcome to the BetaKit Startup Stories of the Week! Here you’ll find the week’s top news, features and editorials published on BetaKit. If you’d rather have this update delivered to your inbox every week, be sure to subscribe to the BetaKit newsletter using the form at the bottom of this page.

Top stories of the week


Michele Romanow becomes CEO of Clearco, while Andrew D’Souza moves to executive chairman

Clearco faces its second executive shakeup of the new year, with company co-founder and CEO Andrew D’Souza moving to executive chairman and co-founder and former president Michelle Romanov taking over as CEO.

Elsewhere in Canadian FinTech, Bench co-founder and former CEO Ian Crosby has joined Shopify as product director of the company’s Shopify Balance business banking offering.


Hopper goes on to buy Paris airlines Smooss, travel tech

“What the Smooss team has that we don’t have is that they have a deep understanding of the passenger service system,” said Frédéric Lalonde, Hopper’s CEO and co-founder, in an interview with BetaKit.


BC’s budget is strong for clean tech; Alberta is positioning itself as a major technology hub

While BC’s NDP government focused on its debt, Alberta’s Conservatives expected to post a healthy surplus next year.


Co-Founder Lisa Zarzeczny Appointed CEO of Elevate With Personal Festival Returning This Fall

As Elevate’s newest executive director, Zarzeczny said her first order of business is to bring Elevate back as an in-person festival Sept. 20-22 after going digital for two years due to COVID-19 restrictions.


ApplyBoard CEO eyes public markets as TSX rings opening bell in Waterloo Region for first time

After a busy 2021 with multiple funding rounds and a $4 billion valuation, ApplyBoard’s CEO says he’s now eyeing a potential IPO. The comment was made to BetaKit during a question and answer session held at Communitech to celebrate the launch of the Toronto Stock Exchange in Waterloo Region.


Salesforce to acquire Traction on Demand

Burnaby-based Salesforce consulting firm Traction on Demand is set to become part of Salesforce Professional Services. Traction on Demand is far from the first Canadian startup that Salesforce has acquired — the company previously bought Mobify, Slack and LevelJump.io.


Recent funding, acquisitions and layoffs


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WHAT DOES JOE ROGAN’S EXPERIENCE TEACH US ABOUT TECHNICAL PLATFORMS?

Josh O’Kane (Globe & Mail) and Katie Jensen (Vocal Fry Studios) discuss Joe Rogan and the rise of misinformation coinciding with the democratization of the media.


WHO ARE THE CANADIAN ‘SOONICORNS’?

Mike Potter (Rewind), Stephanie Lapierre (TealBook) and Lloyd Lobo (Boast.ai) discuss building tech companies in Canada and why theirs companies may soon be Canadian tech unicorns.


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