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.”
Crypto custodian Balance completes SOC 2 audit to increase customer confidence
Balance joins growing list of crypto firms becoming SOC compliant.
TransPod unveils “ultra-high-speed” FluxJet vehicle as it begins construction on proposed Alberta track
TransPod aims to offer transportation between Edmonton and Calgary that’s “faster than a jet and three times as fast as…
Oncoustics secures $5.5 million CAD to help spot liver disease using AI
Startup aims to “decrease or eliminate” need for high-end imaging, painful biopsies.
Atlantic Canadian innovation players launch new Startup Atlantic brand at Startupfest
ACOA, Propel, Volta, Ignite, Genesis, CDL, Innovacorp, Sandpiper Ventures among orgs supporting Startup Atlantic.
Tata Consultancy Services, Nitro Software announce new Toronto hubs
Nitro, TCS join growing list of global firms dipping into city’s tech talent pool.
Solana Ventures, Twitch co-founder buy into Bravo Ready’s play-to-earn, Web3 video game
Bravo Ready has secured $3.9 million in fiat and cryptocurrency.