Banking apps Pillar and Billi shut down as funding dries up for FinTech businesses
Venture funding for FinTech startups in Canada plummeted by 70 percent in 2022.
Canadian Startup News
As Bill C-11 passes, YouTube influencers, content creators express concern while Big Tech quiet
Bill C-11, the so-called online streaming bill, passed on April 27.
University of Toronto, Université de Montréal get combined $325 million as part of $1.4 billion federal investment into university innovation
Other projects focus on sustainability, health, and migrants.
CIFAR names eight new AI chairs as part of second phase of federal AI strategy
CIFAR also awarded five-year renewals to seven AI chairs appointed in 2017.
How new tools will change the way developers learn to build software
Developers might soon be flying with an AI Copilot.
The51 closes $30 million of targeted $50-million Food and AgTech Fund
LPs include Farm Credit Canada, Alberta Enterprise Corporation, and National Bank of Canada.
Reddit says Canada one of its largest and most key markets globally
Canada represents Reddit’s third-largest market after the US and UK.
Tentree founders spin out platform to help businesses keep their tree planting promises
CEO: “For us, Tentree was never an apparel business that planted trees.”
Another round of layoffs hits Amazon employees in Canada
Roles have been terminated in Amazon’s PXT and cloud divisions.
Practice Better raises $27 million USD to grow client management software for wellness providers
Practice Better claims to have more than 10,000 customers in more than 70 countries.
Well Health looks to invest $2.5 million into AI companies developing healthcare solutions
Well aims to make at least 10 investments of at least $250,000 each.
After “pilot” program in Canada, Google expands cloud accelerator to US startups
The accelerator will support startups building AI applications in the cloud.
Canada, France to collaborate on AI, quantum science as part of new joint committee on innovation
Both countries recently launched investigations into ChatGPT over alleged privacy breaches.
Smart display company E2ip Technologies raises $120 million
Export Development Canada and McRock Capital co-led the round.
Neo Financial bets on embedded finance, D2C combo amid tough consumer banking market
After partnering with Intuit, Neo looks to land more embedded finance deals.