Koho lays off 14 percent of staff
CEO claims cut doesn’t extend runway, but will support growth efforts.
Canadian Startup News
RBC acquires Canadian operations of US proptech startup Ojo
Deal comes amid cooling housing market that has impacted homebuyers and proptech startups alike.
Conquest Planning raises $24 million to expand AI financial advisor solution to US, UK markets
Conquest is backed by Fidelity, RBC, and Portage.
Garmin Canada to expand Alberta presence, hire for 200 STEM jobs
Garmin’s Canadian expansion comes as other Big Tech companies are cutting back.
Jobber closes $100 million USD Series D amid strong demand for home services
Jobber hit $100 million in revenue in 2022, but CEO still sees plenty of room to grow.
Canadian Web3 Council calls on Senate to examine how to “effectively harmonize” regulatory framework for digital assets
Web3 Council to Senate: “Canada must not be left behind.”
Mark Usher named CIBC Innovation Banking lead after Mark McQueen announces departure
Usher follows in footsteps of former Wellington Financial colleague Mark McQueen, who is leaving for other endeavors.
Alphabet commences Canadian layoffs
The cuts are part of Alphabet’s previously announced 6% staff reduction globally.
Report maps Indigenous representation in BC tech, calls for need to address systemic barriers
First Nations Technology Council encourages orgs to address workplace barriers, including access to capital.
Engineers needed across Canada
Autodesk, Deloitte, and Pixieset are all looking to hire.
Shopify invests in US-based e-commerce analytics aggregator Triple Whale
Triple Whale helps Shopify merchants unify business metrics into one dashboard.
CoinSmart to seek monetary damages from Coinsquare following collapse of acquisition deal
CoinSmart accepts deal is no more, intends to “commence legal proceedings against Coinsquare.”
Hippoc announces $3 million to help marketers test ad campaigns using neuroscience
Hippoc’s web-based platform can predict the cognitive impact of an ad before it goes live.
After selling startup to Instacart, New School Foods founder raises $15.9 million CAD to create plant-based meat
Toronto startup’s tech can produce plant-based salmon fillets.
How to grow investment in women-led startups
Women-led businesses are still underfunded, despite a multi-trillion market opportunity.