Six months after petition launch, federal minister calls market benefits plan “essential” to Global Talent Stream visa
Employees at VanHack, Hopper, Dapper Labs, others signed a petition that calls the plan “cumbersome.”
Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A
BDC Capital’s Thrive Venture Fund joined to lead the extension.
Able Innovations strikes deal with Ottawa hospital for robotic patient transfer tech
Able Innovations’ robotic medical device addresses problem of patient transfers.
Northleaf closes $675 million USD for latest private equity fund
Fund size surpasses Northleaf’s $600 million USD target.
Shopify changes employee compensation model: “being a manager now has no effect on compensation”
Shopify employees are now either managers or crafters, but not both.
Hootsuite follows Twitter lead as company ditches free plans
Twitter eliminating free API access is expected to have wide-ranging implications.
Miovision acquires Winnipeg’s MicroTraffic to better predict traffic collisions
MicroTraffic uses AI to predict potential traffic accidents.
Backed by Bay Street veterans, Obsiido wants to make alternative investing accessible
Obsiido emerges from stealth with $815,000 pre-seed round.
Round13 leads System-3’s $3.6 million round to mitigate bias in hiring leadership talent
System-3 taking cues from aviation industry training to evaluate company leadership.
Newly-named Canada Innovation Corporation will see budget double to absorb IRAP
Further details on feds new innovation agency to follow governance body, new legislation.
Report: investment in Canadian FinTech dropped almost $6 billion USD in 2022
But overall investment was still bigger than 2020.
Koho lays off 14 percent of staff
CEO claims cut doesn’t extend runway, but will support growth efforts.
Alphabet commences Canadian layoffs
The cuts are part of Alphabet’s previously announced 6% staff reduction globally.
Ada latest Canadian unicorn to make additional staff cuts
The layoffs come four months after Ada reduced its staff by 16 percent.
Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed restructuring
Software startup for remote teams pursuing federal contract after fundraising falls through, bank relationship sours.