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BetaKit - Canadian Startup News & Tech Innovation
  • Canadian Startup News
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Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on breaking news and telling in-depth Canadian tech stories. His coverage is more complete than his moustache.

Canadian Startup NewsMarch 28, 2023<March 29, 2023

Federal #Budget2023 includes cleantech commitments, little else for innovation

Budget 2023 includes $500 million to SIF for cleantech projects, billions in clean energy tax credits.

Canadian Startup NewsMarch 28, 2023<March 27, 2023

Carbon Neutral Club secures $1.4 million to incentivize employees to help companies meet climate targets

Startup sees employee action as missing piece for orgs looking to reduce emissions.

Rewind CEO Mike Potter
Canadian Startup NewsMarch 24, 2023<March 24, 2023

Rewind cuts 27 percent of staff as its growth slows in parallel to Shopify

Amid downturn, e-commerce slowdown, Rewind targets breakeven.

Magnet Forensics office
Canadian Startup NewsMarch 23, 2023<March 24, 2023

Magnet shareholders approve $1.8 billion Thoma Bravo acquisition as campaign against deal proves unsuccessful

Despite vote, dissenting shareholder says “this is not the end of the road for us.”

Canadian Startup NewsMarch 22, 2023<March 22, 2023

Vertu Capital closes first private equity fund with over $300 million

Led by ex-OMERS veteran Lisa Melchior, Vertu is Canada’s first woman-founded PE firm.

Canadian Startup NewsMarch 22, 2023<March 22, 2023

Symend reduces team by 25 percent in restructuring, four months after $54 million round

Latest cuts come after Symend laid off 13 percent of staff late last year.

Canadian Startup NewsMarch 21, 2023<March 21, 2023

FreshBooks lays off 10 percent of staff as company targets profitability

FreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.

Canadian Startup NewsMarch 20, 2023<March 20, 2023

Ericsson sets up new quantum research hub in Montréal

Telecom tech provider has also partnered with University of Ottawa and Sherbrooke.

Canadian Startup NewsMarch 16, 2023<March 16, 2023

CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm

Longer-term impact of SVB fallout has some in Canadian tech worried.

Government of Canada buildings
Canadian Startup NewsMarch 15, 2023<March 15, 2023

Canadian tech calls on feds to inject more liquidity into sector to avoid SVB-caused “full-blown crisis”

Letter asks Government of Canada to extend bridge financing program, guarantee secured loans on SVB deposits.

Canadian Startup NewsMarch 14, 2023<March 14, 2023

Meta’s additional staff cuts further call into question Facebook parent’s Canadian hiring plans

Meta plans to shed 10,000 employees, scale back hiring in second major round of layoffs since November.

Canadian Startup NewsMarch 9, 2023<March 8, 2023

Zenhub closes $10 million to make platform for managing software projects more accessible

Yaletown-backed Zenhub aims to take the silos out of software development.

vancouver
Canadian Startup NewsMarch 9, 2023<March 9, 2023

Yaletown Partners hits $200 million final close for Innovation Growth Fund II

Yaletown saw four exits in 2022, including Tasktop, Circle Cardiovascular Imaging.

Canadian Startup NewsMarch 7, 2023<March 7, 2023

Loopio, Reelhouse co-founders launch Barley to help make employee compensation easier, more equitable

Golden Ventures-backed Barley has raised $5.4 million CAD to date.

Canadian Startup NewsMarch 3, 2023<March 3, 2023

Semiconductor firm GaN Systems to be acquired by Infineon for $830 million USD

GaN Systems CEO says Infineon will enable company “to unleash our full potential.”

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