Toronto software companies Top Hat, Loopio, Wattpad make layoffs
Trio downsizes for second time in past year as tech cuts continue into 2024.
Government of Canada finally launches consultations on SR&ED modernization
Long-awaited review of key R&D tax credit to focus on boosting IP creation and retention.
University of Calgary’s “venture philanthropy fund” UCeed targets pre-seed funding gap
Three and a half years since its launch, UCeed has grown into one of Canada’s most active early-stage investors.
In banking licence pursuit, Koho is chasing a “seat at the table” and real competition
Former Tangerine CEO Peter Aceto tapped to lead Koho Bank.
After years of providing free accounting and invoicing software, Wave rolls out paid model
CSO says new tiered, subscription-based pricing gives Wave a “sustainable way to grow.”
CBIV surpasses $135 million CAD in final close to back women, children-focused healthtech startups
With Fund I, Toronto’s CBIV targets both market returns and impact.
Climate tech VC ArcTern Ventures closes $450-million CAD Fund III from large institutions
ArcTern’s LPs include TD, CPPIB, Allianz, OPTrust, Church Pension Group, and Credit Suisse.
Visa Canada, Plug and Play team up to support Canadian FinTech startups
With new partnership, US payments giant and investor build on existing relationship.
7shifts cuts 19 percent of staff in new layoffs to start 2024
This marks the restaurant software firm’s second workforce reduction in four months.
Climate tech VC Blue Vision Capital adds Vladimir Savic to support global ambitions
London, UK-based Savic previously held roles with Cibus and EBRD.
GrowerIQ acquires cannabis tech competitor Ample Organics from US-based Akerna
Deal returns Ample to Canadian ownership over three years after it was bought by Akerna.
US-based JMI Equity buys out Safe Software co-founder in strategic investment
30-year-old BC firm hopes to hit $250 million in annual revenue in five years.
Clinia secures Series A funding, partnership with Telus Health to deploy its search tech
CEO says endorsement from Canada’s largest healthtech player gives Clinia “visa” it needs to catch big US fish.
Top Hat CEO Joe Rohrlich and CRO Matt Schurk depart EdTech company
Departures come five months after the firm reduced its workforce by 42 employees.
CDPQ invests $136 million CAD into AppDirect financing program for tech advisors
Investment builds on initial $100 million AppDirect received from the pension fund in 2021.