AlayaCare lays off 14 percent of employees, slows M&A plans
AlayaCare’s CEO said startup’s revenue growth has not followed its “aggressive investment.”
Amid recent wave of Canadian tech layoffs, Communitech brings The Help List back
The list aims to connect displaced tech talent with new job opportunities.
Armed with more capital to back women entrepreneurs, Phoenix Fire makes first investment in VoxCell
Phoenix Fire’s LPs now include the co-founders of Thinkific and Odaia.
As other lenders collapse, Ledn bets conservative approach will help startup survive crypto winter
Ledn co-founder eyes M&A, anticipates more crypto lending regulation amid crash.
Bootstrapped since 2008, Evidence Partners closes $20 million to tackle automated literature review market
Evidence Partners caters to more than 60% of the world’s largest pharma, medical device companies.
Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver.
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
CEO: “There’s just a level of uncertainty right across the board.”
Sandpiper Ventures closes $20 million first fund focused on early-stage, women-led tech startups
Sandpiper sees “huge … and untapped opportunity” to back more women entrepreneurs amid market downturn.
Canalyst acquired by Chicago-based Tegus in massive BC tech exit
Sources say deal is north of $400 million CAD.
Partnership with Mailchimp competitor Klaviyo marks Shopify’s second strategic investment in recent weeks
Recent SEC filing indicates Shopify may have invested $100 million USD in Klaviyo.
BC securities regulator alleges Blok Technologies, former execs misrepresented share sale in 2018
BCSC claims Blok violated the Securities Act.
Portage Ventures rolls out new late-stage FinTech fund, aims to raise up to $1 billion USD
Amid downturn, Portage sees chance to fund FinTech firms reluctant to take valuation hit.
Stadium Live scores $12.8 million CAD Series A to engage Gen Z sports fans
Stadium Live aims to build the “spatial version of Discord.”
Fable raises $8.4 million CAD Series A to fuel move beyond tableware
Fable wants to sell “all the little items … that make a house a home.”