H|T: The Healthtech Times – Canadian biotech leader Clarissa Desjardins secures the bag
Plus: Peloton is cutting 20 percent of workforce as CEO steps down.
R|T: The Retail Times – Shopify’s strategic investment to solve this supply chain mess
Plus: Massive “coffeetech” investments are giving startups a jolt.
Shopify shares drop following decelerated revenue growth, lowered guidance in Q4 2021
Shopify’s share price has dropped 18 percent following market open.
Alongside closes $8 million Series A to merge its HR tools with CareerBeacon’s jobs site
Alongside used some of the funding to acquire CareerBeacon in December.
Properly begins Canadian expansion with move into Vancouver, Fraser Valley
CEO says Vancouver is a “great hub” to begin serving Western Canada.
A|I: The AI Times – Raquel Urtasun’s autonomous vehicle revolution
Plus: Toronto tech institute tracking long COVID with AI.
Cohere closes $125 million USD Series B round led by Tiger Global
Cohere plans to open new Palo Alto office led by Apple alum.
S|W: The SaaS Weekly – 7shifts staffs up
Plus: Acquirers are circling Zendesk.
Following recent merger, Startup Montréal announces program to spur late-stage growth
The Government of Québec has committed $6.5 million to the program.
Former Wattpad employees close $300,000 to build relationship improvement app Couply
Couply’s investors include Wattpad co-founder Ivan Yuen, Shopify employees.
Canadian startup news of the week (2/13/22)
Plus: D-Wave looks to go public.
F|T: The FinTech Times – Bitcoin’s Bonnie and Clyde
Plus: Tories push Trudeau for plan to lure crypto investment.
Potential Motors closes $4 million CAD to improve off-road electric vehicle performance
The startup focuses on “the most overlooked space in electrification.”
H|T: The Healthtech Times – PointClickCare’s audacious acquisition
Plus: Remote patient monitoring is raking in venture funding.
Montréal Inc and Bonjour Startup Montréal merge, become Startup Montréal
The new org will have “a substantially greater impact,” says Startup Montréal.