“A new bottom”: Toronto and Waterloo Region venture funding fell short in first quarter of 2023
Toronto’s venture funding dropped 94 percent year-over-year.
Canadian Startup News
BDC, Vanedge invest in semiconductor startup Bonsai Micro to create advanced wireless networks
Bonsai Micro’s co-founders come from notable BC semiconductor company PMC-Sierra.
OneEleven head Matthew Lombardi stepping down
After its 2020 closure, Lombardi led OneEleven through its revival.
Ontario innovation consortium SOSCIP shuts down as three-year federal funding ends
SOSCIP helped researchers access advanced computing platforms and technical expertise.
Attabotics sues Canadian Tire over warehouse fire
Robotics supply chain startup alleges damages including loss of business opportunities.
BC venture deal volume reached a three-year low in first quarter of 2023
Startups in BC raised $95.1 million through nine deals in Q1 2023.
Hopper to power Uber’s expansion into flight bookings
“Flights on Uber” will be available to UK users this summer.
D2L acquires Connected Shopping to let clients sell online courses
The acquisition signals D2L’s ongoing expansion into e-commerce.
Float launches new corporate card as it experiences growth in economic downturn
How a Toronto FinTech startup says it stays afloat as others struggle.
Inflation blamed for decline in mental health of Canadian founders in the last year
BDC report maps impact of the economic downturn on entrepreneurs’ mental health.
VentureLab president and CEO Melissa Chee steps down as tech hub looks for new leader
Through VentureLab, Chee supported Canada’s semiconductor industry amid chip shortage
GeoComply acquires OneComply to automate licensing for regulated industries
GeoComply is using its platform to address “compliance failures” in the crypto industry.
Carbonhound raises $1.3 million help small, medium business get ready for emissions regulations
The startup will help cut carbon as the United Nations says “catastrophic” warming is upon us.
American biotech Recursion acquires two Canadian AI drug-discovery companies, Cyclica and Valence
“Policymakers should look to understand why so many promising tech companies choose to sell themselves.”
Next Canada names startups in latest cohorts for its three accelerators
Next AI participants can receive up to $100,000.