What Coconut Software CFO Matt Petrow learned while raising a Series B
Founders need a good reason for fundraising. And a good partner.
Canadian Startup News
Eight Canadian universities land in PitchBook’s 2022 top 100 schools for founders
The University of Waterloo keeps top spot for Canadian schools.
Potential Motors, Chinova Bioworks, Introhive feted at New Brunswick innovation awards ceremony
Nine awards handed out at the first InnovateNB awards event.
How Acuva balances global growth with local impact to provide clean drinking water
Acuva’s handheld LED-UV lights purify water around the world (and in Canada).
Canadian tech venture funding continued to fall in Q3 2022, CVCA reports
Seed-stage startups, cleantech “two biggest winners” amid slowdown.
Canadian tech hubs not immune to downturn as Communitech lays off 10 percent of workforce
Innovation hub sees second significant staff reduction since 2019 provincial budget cuts.
OMERS Ventures’ Laura Lenz says “ego raising” is over in #CDNtech
VC says “there’s blame on both sides” for the lack of fundamentals in 2021.
One year after raising $6.5 million, GoodGood shuts down claiming it can’t find more money
Company says downturn has had “dramatic impact” on its rapid local commerce delivery business.
Federal government’s Climate Action and Awareness Fund invests $58 million into 24 cleantech projects
Volkswagen fines fuel climate projects at Canadian universities.
Wiseday enters Canada’s digital mortgage space with “instant” pre-approval process
Wiseday is led by RenoRun, Hopper, Ssense, Ubisoft, Nesto alumni.
How electrifying transportation could surge Ontario’s economy
CITM Director calls Ontario the only place in North America that has the entire battery supply chain.
Acerta closes $10.4 million CAD Series B to help automakers like Nissan and GM build car parts more efficiently
Acerta puts pedal to the metal and targets North American, European expansion.
WorkJam closes $50 million USD round co-led by Inovia, Fonds FTQ
WorkJam’s platform is geared towards supporting the frontline workforce.
Legal tech startup Clio advances its FinTech play with launch of payments product in Canada
Clio claims to have processed over $1 billion USD in legal transactions.
L-Spark’s Leo Lax: 2022 has been a “disaster” for SaaS funding, though sector continues to grow
“The bias is less towards building the innovation economy, more towards sustaining what we got.”