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Canadian Start-Up RewardLoop Raises $1 Million in Series A Round
0By: Kuljit Grewal | June 13th, 2012 | Business, Mobile Apps, O Canada
Vancouver based start-up RewardLoop announced today that they had secured $1 million in Series A funding led by Madrona Venture Group in order to further expand their business. RewardLoop’s business model is a novel and original concept that allows merchants to integrate mobile device based customer loyalty reward programs easily and cost effectively. Th...
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Ontario’s Federal Economic Development Agency Invests in Three Ottawa Start-Ups
By: Kuljit Grewal | June 13th, 2012 | Business, News, O Canada
Gary Goodyear, the Minister of State for the Federal Economic Development Agency of Southern Ontario (FedDev Ontario) was on hand to announce a progressive investment in thee Ottawa area start-ups. The investment, with a ceiling of $1,947,250 will aid said companies in funding further innovation in order to bring their products to market while also employing an estimated 40 people within the provi...
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Tumblr Attempts to Roll in Some Coin
By: Kuljit Grewal | June 12th, 2012 | Business, News, Social Media
Everyone’s favourite micro blogging site has joined the proverbial dark side of the force, opting to begin displaying paid advertisements they refer to as “sponsor products”. The company has been hesitant to run ads since its inception in 2007, however they made the announcement two weeks ago at Ad Age’s Digital Conference in New York. We are glad to a...
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Vancouver Daily Deal Site Grooster Gets Gobbled Up by CityXpress
By: Kuljit Grewal | June 5th, 2012 | Business, O Canada
One of Western Canada’s first daily deal sites, Grooster announced today via their blog that they have been acquired by Vancouver’s own CityXpress, an e-commerce publishing company. CityXpress is best known for their own daily deal site which was developed in tandem with PostMedia Network that is called
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Bell Canada Enlists Some Friends to Acquire Q9 Networks
By: Kuljit Grewal | June 4th, 2012 | Business, News, O Canada
With the aid of various private equity firms, Bell Canada (also known as BCE Inc.) has acquired Q9 Networks. The acquisition by Canada’s largest telco totals an impressive $1.1 billion; a figure they saw fit for one of Canada’s largest outsourced data companies. According to Bell, Q9 will continue to operate as an independent business entity with i...
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Square Moving Forward With Gusto
By: Kuljit Grewal | April 27th, 2012 | Business, Mobile Apps, News
Innovative payment company Square, fresh off of raising $100 million in funding last year for a $1 billion valuation has set its sights much higher. This time around, the target is institutional investors as these represent the parties with enough clout to meet CEO Jack Dorsey’s lofty goals. Various news sources including some shoddy independent paper known as the
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