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BrandProject, one of Canada's most successful early-stage investors, raises first venture fund

BrandProject, one of Canada's most successful early-stage investors, raises first venture fund
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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Restaurants and Startups Try to Outrun Uber Eats and DoorDash

By Preetika Rana and Heather Haddon
Apps like DoorDash and Uber Eats have provided restaurants a flood of customers in the pandemic. Now a host of food-ordering tools, along with some restaurants, are finding ways around those apps and the commissions they charge.
DoorDash Inc., Uber Technologies Inc. s Eats and Grubhub Inc. can charge restaurants up to 30% of every order a chunk many owners say dents profits even as more orders come in.
A new crop of services is promising online ordering at a lower cost to eateries, by letting the restaurants arrange more deliveries themselves.
Chipotle Mexican Grill Inc., Shake Shack Inc. and a growing number of chains have acknowledged the cost of app-based delivery orders, and many say they intend to address it. Local governments from New York to Seattle have enforced rules capping delivery-app fees, in an effort to rein in restaurants costs while the health crisis keeps people home. ....

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Ottawa's Mistral raising nearly $50-million fund to capitalize on post-COVID opportunities

Ottawa’s Mistral raising nearly $50-million fund to capitalize on post-COVID opportunities
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One of Canada’s few prominent “seed-stage” technology venture capital firms, Ottawa’s Mistral Venture Partners, is closing in on its goal of raising $50-million for its third fund to back startups hoping to reshape the postpandemic economy.
Mistral, led by veteran venture capitalist Code Cubitt, was set to start raising the fund last March, but delayed plans as the pandemic took hold. However, Mr. Cubitt said he went back out two months later at the behest of his anchor investor, Business Development Bank of Canada. So far, Mistral has raised $41-million for the fund – including backing from BDC and fund-of-funds ....

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