Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page.
Top Stories of the Week
Twitter’s mass layoffs hit Canadian office
Twitter Canada’s managing director and director of public policy were among the Canadian staffers let go in the mass layoffs.
BDC commits $400 million for second cleantech-focused fund
“Our investment strategy is not about market trends but GHG emissions reduction,” said Jérôme Nycz, BDC Capital.
Dapper Labs lays off 22 percent of staff
The 22 percent reduction represents approximately 134 people, according to Dapper Labs’ LinkedIn profile.
TouchBistro secures $150 million to move upmarket and pursue strategic M&A as it braces for more economic uncertainty
TouchBistro chairman and CEO Samir Zabaneh said COVID-19 tested TouchBistro and its clients, forcing the former to introduce new solutions to serve restauranteurs. “Yes, we did lose revenue and we had some customers that closed permanently, and that was sad to see,” Zabaneh told BetaKit in an interview.
Market watch: Lightspeed, Nuvei increase revenues but reports lead shares to fluctuate
Lightspeed and Nuvei’s revenue increases appeared to underwhelm investors eager for good news.
How Canada can get a big slice of the trillion-dollar global semiconductor market
Hardware is cool again. And it’s an opportunity Canada can’t afford to miss.
How startup CFOs can prepare for their rapidly changing role expectations
With global turbulence as a driver, the role of the CFO in a tech-enabled business has now fundamentally changed.
Q3 CANADIAN TECH VENTURE FUNDING REPORTS:
Latest Funding, Acquisitions, and Layoffs
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VIC – Audette – $12.8M (read more)
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VAN – Hootsuite lays off 5 percent of staff (read more)
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VAN – Blossom Social – $750K (read more)
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TOR – Kensington Capital Partners nabs $72.5M VCCI commitment (read more)
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TOR – 1Password acquires Passage (read more)
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TOR – OnCall Health acquired by Qualifacts (read more)
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OTT – Shopify acquires Remix (read more)
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OTT – Nook Technologies – $2.39M (read more)
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GAT – Connektica – $2.7M (read more)
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MTL – Google opens new Montréal office, commits $2.75M (read more)
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QUE – Voilà – $13.75M (read more)
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MAKING FUTURE BETS ON SHOPIFY, WEALTHSIMPLE & THE METAVERSE
“If Canadian VCs weren’t allowed to talk to journalists anonymously, they would never say anything.”
The BetaKit Podcast’s monthly AMA episode answers listener questions about what the future holds for Shopify, Wealthsimple, venture funding, and tech in the 2020s.
WATCHING ALEXIS GAY IS THE MOST FUN YOU CAN HAVE WHILE QUIET QUITTING YOUR TECH JOB
“One of the things that’s funniest in tech is the complete and utter lack of self-awareness.”
Comedian and podcaster Alexis Gay joins to share her transition from working in tech to creating content that perfectly articulates the absurdities of working in tech.
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