Brookfield and Sequoia Heritage’s reported new fund is well-positioned to scoop up discount tech startups
Valuations are down and Canadian companies are filling for insolvency at a 10-year high.
Canadian Startup News
New Brunswick Innovation Foundation, Opportunities NB inject $2-million top-up to Climate Impact Fund
Solutions for low-emission ocean transport and electric motors in cars among past recipients.
Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
Experienced developers share their career advice for young professionals
TELUS and Suncor devs want young coders and IT professionals alike to celebrate success while embracing failure.
Samsung, Hyundai, Kia back AI chip manufacturer Tenstorrent in $100-million USD round
Tenstorrent receives major backing from strategic investors ahead of planned Series D round next year.
Graphite Ventures closes $110-million Fund IV as firm builds its national presence
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
Shopify posts positive revenues in Q2 2023 for third quarter running
Ottawa e-commerce giant posts higher losses, but GMV grows.
With school districts ‘striving to achieve more with less,’ layoffs come to Paper
The EdTech startup’s founders said the decision was not made lightly.
Local Logic raises $17.5 million CAD to develop AI decision-making for location-based risks and opportunities in real estate
Montreal proptech startup wants to impact every real estate decision in the United States and Canada.
Neo Financial goes all-in on embedded finance with new suite of credit cards
The FinTech startup is partnering with Tim Hortons, Cathay Pacific to offer rewards.
PrairiesCan commits $6.1 million for downtown Calgary innovation hub, local business retention programs
Funded projects are expected to support and create over 1,000 jobs, the government says.
National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio
The $1-billion CAD portfolio includes $325 million CAD in outstanding loan commitments.
With initial $8-million close for Nex Gen VC Partners, KJSM Ventures’ team targets more early-stage tech startups
After deal flow exceeded their family office’s capacity, the McKays built a VC fund.
Oil and gas-backed Climate Investment leads $12-million CAD round into SensorUp’s methane leak-detecting platform
Climate Investment is a specialist investor funded by OGCI, an organization of oil and gas CEOs.