As ailing WeWork reduces Canadian footprint, BDC opens new collaborative work location in Vancouver
Vancouver marks BDC Square’s third location, following Toronto and Montréal.
A|I: The AI Times – Sam Altman is back, Microsoft grabs a board seat, OpenAI plans governance changes
Plus: PASQAL commits $90 million to quantum initiative to DistriQ in Sherbrooke.
Asian food delivery service Fantuan secures $40-million USD Series C round
The funding will be used to improve its platform and explore an expansion into other service sectors.
Sixty Degree Capital closes $338 million CAD for third venture fund
The new fund looks to invest in enterprise software and healthtech startups.
S|W: The SaaS Weekly – OpenText sells off mainframe business for over $2 billion USD
Plus: MaRS IAF returns and is ready to invest.
Brex launches corporate card, expense offering targeting Canadian workers at US firms
The new offering comes over a year after Brex chose to “pivot away from SMBs.”
F|T: The FinTech Times – Apple cuts Goldman’s card, Coinbase praises Canadian crypto regulation
Plus: Willow.ca acquired by rental platform Guiker.
MaRS IAF is back, ready to invest in early-stage startups
Plus: BetaKit announces strategic partnership with Good Future.
H|T: The Healthtech Times – PointClickCare’s Mike Wessinger on how Canada’s tech sector stacks up globally
Plus: Semantic Health acquired by US-based AAPC.
R|T: The Retail Times – How Hopper’s Fred Lalonde went from hacker to tech titan
Plus: AI-powered marketing platform Birdseye closes $4.1 million CAD seed round.
Calgary startups AITHR, ENA Solution, and OraQ awarded at Launch Party 2023
Calgary Innovation Week wraps up with a celebration of local startups.
S|W: The SaaS Weekly – Investment in Canadian SaaS almost doubled from 2022 to 2023
Plus: Marc Benioff just can’t make up his mind on RTO.
F|T: The FinTech Times – Feds make new open banking promises to positive reception
Plus: Kraken in SEC’s sights as Binance founder Changpeng Zhao steps down, pleads guilty.
PASQAL, Investissement Québec launch $90-million Quantum Computing initiative
The initiative intends to promote Sherbrooke, Québec as an international quantum hub.
Geomega receives $2 million from NGen for rare earth element recycling plant
Geomega’s recycling plant will help turn magnet scrap into rare earth elements used in electric vehicles.