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.
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.
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.
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.
Yaletown Partners hits $200 million final close for Innovation Growth Fund II
Yaletown saw four exits in 2022, including Tasktop, Circle Cardiovascular Imaging.
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.
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.”
Sonder lays off 14 percent of staff as it aims to become cash flow positive in 2023
Move marks Sonder’s second round of significant cuts since going public last year.
Fresh Prep acquires fellow Vancouver food delivery startup Peko
Fresh Prep says deal will help the sustainable meal kit company tackle food waste.
Latest Alberta, BC budgets target talent shortage with otherwise minimal new tech investment
Industry stakeholders had hoped to see more for tech and SMBs.
Amazon climate tech fund backs Genecis to turn food waste into bioplastics
Amazon is exploring ways to use Genecis’ bioplastics in its own packaging.
Shopify built Indigo’s new website in three days following ransomware attack
After reaching out to Shopify, Indigo was back online with a new site in three days.
Government of Canada to launch $250 million initiative to train skilled workers
In record-tight labour market, feds aim to upskill workers for high-growth industries.
Dapper Labs cuts another 20 percent of staff while fending off class action suit
The move marks Dapper Labs’ second round of layoffs since November as it contends with declining NFT sales.
Dapper Labs faces lawsuit claiming NBA Top Shot NFTs are securities
Judge denies Dapper Labs’ request to toss out proposed class action in February 22 decision.