Ritual lays off 16 percent of staff to “prepare for a recession”
As prospect of recession looms amid rising inflation, Ritual has laid off 23 employees.
ApplyBoard CEO says market downturn isn’t slowing down international expansion or IPO plans
CEO says ApplyBoard’s large cash reserves, “counter-cyclical” education market give startup room to grow.
Shopify rolls out new Editions showcase, unveiling wholesale offering, Twitter partnership
Much like the coinciding Apple keynote, one might consider Editions a rollout of Shopify’s latest e-commerce OS.
PitchBook projects VC deal value to drop, deal count to stay high as market cools
VC market shifts from founder-friendly “game of winning” to “game of picking.”
Autodesk alums close $5.3 million CAD to automate building design with Augmenta
Construction, real estate players have bought into Augmenta’s vision.
Areto Labs secures $1 million to address online abuse with machine learning
Areto Labs aims to help sports teams protect star athletes from social media trolls.
Immigration expert-led Immigrate aims to help Canadian firms bring the talent they need to Canada
Immigrate claims to have processed over 1,800 applications to date.
New analysis identifies 35 Canadian tech companies on path to $1 billion in annual revenue
List points to startups like ApplyBoard, Benevity, Clio, FreshBooks, RenoRun.
Wave CEO Kirk Simpson to step down three years after acquisition by H&R Block
Former Mastercard, Afterpay exec Zahir Khoja will replace Simpson.
Snowman gaming studio spinout Pok Pok closes $3.9 million CAD to help kids learn through play
Apple Design Award-winning Pok Pok has secured backing from gaming VCs.
Amid crypto crash, WonderFi makes case for long-term survival
Following Bitbuy acquisition, WonderFi has reduced staff by at least 15 to 20 percent.
CapIntel closes $14.2 million CAD Series A to fuel US expansion of wealth management sales platform
With help of US-based FinTech Collective, CapIntel aims to build on Canadian growth.
GoBolt buys same-day delivery startup BoxKnight to accelerate move into small parcel space
Acquisition comes as GoBolt looks to win big in US fulfillment market.
University of Waterloo quantum expert-led EvolutionQ aims to help orgs “prepare for the quantum age”
As quantum computing race heats up, EvolutionQ secures $7 million CAD for quantum-safe cybersecurity.
Legaltech unicorn Clio now also a centaur after hitting $100 million USD in ARR milestone
Amid glut of unicorns, Bessemer calls centaur status “true mark of an exceptional SaaS startup.”