CIFAR leader expects CAISI to help inform AI policy in Canada and abroad
With its new AI safety institute, Canada aims to study the technology’s risks and collaborate with other countries.
Power marks up value of stake in Wealthsimple beyond 2021 peak
Hike to $2.2 billion reflects rise in public markets, Wealthsimple’s performance, and an upcoming secondary deal.
Pender Ventures closes second B2B software, healthtech-focused VC fund at $100 million
Managing partner attributes success in a tough environment to its returns, committed anchor, and consistency.
Shopify rises on 26 percent revenue growth in Q3, strong holiday forecast
Shopify shares rose over 21 percent following its third-quarter earnings beat.
Neo Financial’s $360-million Series D features big names, unanswered questions
Shopify, Slack, PointClickCare, Roblox founders back FinTech scaleup in down round led by unnamed Chinese investor.
“The world’s biggest problems are not going to be solved with software”: HardTech talks semiconductors and AI
VentureLab’s HardTech event discusses the state of Canadian deep tech, re-shoring, and the investment landscape.
WonderFi CEO Dean Skurka kidnapped, released after reportedly paying $1-million ransom
WonderFi says it is providing “full cooperation to the Toronto Police Service on this active investigation.”
Citing national security risks, feds order shutdown of TikTok’s Canadian arm but forgo outright ban
Minister Champagne says Canadians can still access TikTok, calling that “a personal choice.”
Father-son Schwartz duo team up with FinTech founders to launch Exit North Ventures
Leaders of Canadian Fintech, CLA, Financeit, LendCare, others look to back FinTech startups with $20-million fund.
Balance becomes Canada’s second qualified digital asset custodian
As a “proper local alternative,” Balance aims to bring crypto assets stored in US back home.
Chris Albinson departs as Communitech CEO but keeps reins of True North Fund
True North Fund announces second close with three unnamed investments to date.
Panache Ventures partner Chris Neumann to depart VC firm, Sarah Willson promoted to principal
Partner Patrick Lor to lead Panache’s efforts in Western Canada going forward.
Parachute closes $1.5 million to help struggling Canadians improve their financial health
Decades after filing for bankruptcy, Bruce Hodges aims to give Canadians another option.
Plooto appoints John McLane as new CEO
Toronto FinTech scaleup has reshaped its team with recent hires and restructured workforce.
Brightspark closes latest early-stage VC fund at $100 million, appoints new BC partner
“We think we can find the best deals in Canada, so we’re going to keep on doing that.”