A longstanding Canadian financial technology company unveiled this month that it bought back nearly half a million company shares in 2023. Born in Vancouver in 2003, shares in Mogo are down from a Pandemic high of more than $40 to about $2.50 today. Greg Feller, who serves as President and chief financial officer of the […]
Triple-A Game Studio Launches in Vancouver with Ambitious First Project
Vancouver has a new game studio in 2024. Late last year, it was announced by Chinese tech giant NetEase Games that a new studio would launch in Vancouver, one of Canada’s hottest regions for game development. The new studio, dubbed Worlds Untold, is a Triple-A development studio. Worlds Untold carries the aim of “creating interactive […]
In ‘Leap Forward for Industry,’ Operto Acquires DACK to Empower Proptech
In 2022, Operto Guest Technologies secured a $15 million Series A funding round led by FUSE, with follow-on investments from Watchfire Ventures, BlackPines Capital Partners, and a consortium of other investors. Last year, the Vancouver-based hospitality technology pioneer followed up with a $34 million Series B led by Centana Growth Partners, with participation from Thayer […]
WonderFi Plots Growth Trajectory as Cash Flow Improves
WonderFi Technologies this week announced corporate updates alongside financial estimates for 2024. The Vancouver-born web3 firm operates an array of regulated Canadian crypto trading platforms and other digital asset businesses, including Bitbuy, Coinsquare and Coinsmart, and Bitvo. During WonderFi’s last fiscal quarter, Bitbuy and Coinsquare facilitated $760 Million in combined trading volumes during the quarter, […]
Moment Energy Heads to Las Vegas for World’s Most Powerful Tech Event
The 2023 BC Cleantech Awards Startup of the Year, Moment Energy, is carrying momentum with it into 2024 and all the way to Las Vegas. In Vegas this week is CES, which defines itself as “the most powerful tech event in the world.” Promising 130,000 attendees and 4,000 exhibitors, CES connects partners, customers, media, investors, […]
Scootility Targets Urban Gig Economy with Specialized Mode of Transportation
The gig economy in North America continues to grow, led in part by a rise in demand for food delivery services. From fast food to grocery hauls, getting grub delivered to the door is an increasingly popular option throughout urban regions of Canada. A company based in Vancouver has developed a mode of transportation targeting […]
Surging Zymeworks Unveils Strategy for Biotech Innovation Through 2025
Vancouver-based biotechnology firm Zymeworks endured a rocky 2022 that included substantial layoffs and an unsolicited offer from investment firm All Blue Capital to acquire the publicly traded company for US$10.50 per share. Since the October low, however, shares in Zymeworks have surged more than 40%, approaching US$11, although the stock still remains down from its 2021 […]
Custom Health to Go Public with Tech Platform for High-Risk Patients
B.C.-born medical technology innovator Custom Health Inc. is aiming to launch on the New York Stock Exchange through Berenson Acquisition Corp., a special purpose acquisitions company. Custom Health provides a tech-enabled medication management and healthcare solution, claiming 98% medication adherence for its patients across Canada. “Guessing with medication must stop,” asserts Shane Bishop, chief executive […]
With ‘Complete Coverage of Canada’ Achieved, UniUni Eyes US Market
UniUni founder and CEO Peter Lu has an ambitious goal for his company: Achieve the famed $1 billion “unicorn” status by 2025. En route this track, the Richmond-based delivery technology upstart last year raised $20 million in Series B financing from Celtic House Venture Partners, Freshwave Capital, and others to power a logistics platform that […]
Vancouver Remains a Critical Region for Amazon as Company Reflects on Impact
Since 2010, Amazon has made direct investments of more than $40 billion into Canadian operations, from capital expenditures such as building out data infrastructure to operating expenditures, including wages for 45,000 full- and part-time employees throughout the country. This investment has resulted in Amazon contributing $33 billion to Canada’s GDP over the same time frame, […]