Vertu Capital closes first private equity fund with over $300 million
byLed by ex-OMERS veteran Lisa Melchior, Vertu is Canada’s first woman-founded PE firm.
Canadian Startup News
Evol receives nearly $10 million from Canadian Economic Development to support diverse Québec entrepreneurs
byDiverse businesses are 70 percent more likely to break into new markets.
Noze receives $1 million grant from Bill & Melinda Gates Foundation to build TB- and malaria-detecting breathalyzer
byThe startup’s digital odour perception platform was used during the COVID-19 pandemic.
Symend reduces team by 25 percent in restructuring, four months after $54 million round
byLatest cuts come after Symend laid off 13 percent of staff late last year.
Mila, UNESCO warn against use of AI in “harmful contexts” in joint book on AI governance
byJoint book addresses lack of accountability, transparency in AI training models.
Canada Drives undergoing restructuring as it files for creditor protection
by“The rising costs of holding inventory…has made this specific business model no longer viable.”
Haply Robotics secures $4.8 million CAD seed round to develop tactile tech used for surgical training, gaming
byFunds will go towards fine-tuning Haply’s Inverse3 device.
BBTV among 10 BC orgs receiving total $25.7 million from PacifiCan to help job retention amid tech layoffs
byOver 500 jobs are expected to be created from the investment.
BC suffered biggest year-over-year venture funding drop among all Canadian ecosystems in 2022
byInvestment in the province’s tech startups fell by 67 percent in 2022.
FreshBooks lays off 10 percent of staff as company targets profitability
byFreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.
Amazon won’t confirm how many Canadians impacted by forthcoming 9,000 employee layoffs
byWorldwide cuts will impact AWS, PXT, advertising, and Twitch teams.
DMZ Demo Day event to hand out $300,000 in prizes for startups
byEntrepreneurs will get to pitch and network with hand-picked global investors.
Ericsson sets up new quantum research hub in Montréal
byTelecom tech provider has also partnered with University of Ottawa and Sherbrooke.
How 1Password plans to build a passwordless future
byNow in a key 18-month window, 1Password plans to ramp up its shift to passkeys in 2023.
Proptech startup Operto raises $34.4 million CAD to open the door to new markets, literally
byOperto eyes bringing its electronic check-in and check-out experience to more hotels.