Accounting software company Xero has acquired Canadian startup Hubdoc for an initial fee of US$60 million ($80.87 million) that consists of 35 percent cash and 65 percent in Xero stock.
One of the latest DMS platforms to launch with a particular focus on the powersports – for example motorbikes, jetskis, and bicycles – space is Blackpurl.
National Australia Bank has led a US$24 (AU$32) million Series D round for Toronto-based cloud accounting startup Wave through its VC fund, NAB Ventures.
All startups have meagre beginnings, despite the lofty histories they relay to the public. On GoPitch, the next big thing could start with a 35-second audio pitch. At the same time, it’s a forum that could stop a bad idea in its tracks before an entrepreneur burns a hole in their hip pocket.