Lightspeed Commerce makes gains in fiscal 2023, fourth quarter
Revenues up, losses down but Lightspeed shares slide on the market.
Canadian Startup News
1Password launches passkeys for businesses as shift to passwordless picks up
1Password is among tech giants like Google and Apple leading the move to passkeys.
CVCA: Canadian venture capital continues to fall back to pre-pandemic levels
Canadian trends are in line with the US and global results.
Bloom raises $7 million to make applying for reverse mortgages easier
Bloom combines the use of an online registration form and live customer service.
Pfizer Canada partners with Communitech to launch health-focused accelerator program
The open call for proposals ends on May 31.
Tehama returns as management team buys it out of bankruptcy
CEO Paul Vallée said he’s “pretty chuffed” about the new startup.
Alberta’s tech sector remained resilient in first quarter of 2023
Jobber’s megadeal pushed venture funding over $200 million in the first three months of the year.
Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
When SVB collapsed, US depositors could only insure up to $250,000.
Canada ranks 12th in Shopify’s first report on economic impact of merchants
Canada’s Shopify merchants lag behind on economic impact compared to smaller economies.
Small business banking platform Vault launches with backing from Google’s Gradient Ventures
Vault’s co-founders have previously worked at Revolut, Koho.
Québec attracted more venture funding than any other Canadian region in Q1 2023
Québec startups raised a cumulative $317.3 million in Q1 2023.
“The revolution has launched”: OpenAI’s Sam Altman charts the promise and peril of AI at Toronto event
Sam Altman has become the world’s most powerful optimist.
Binance exits Canada as crypto trading platforms feel broader impact of stricter regulations
Binance pulled out of Ontario in 2021 as it wasn’t registered with the province.
ChrysaLabs raises $15 million to help farmers unearth soil data using AI
ChrysaLabs’ soil-testing tech has been used on over two million acres of farmland.