As other lenders collapse, Ledn bets conservative approach will help startup survive crypto winter
Ledn co-founder eyes M&A, anticipates more crypto lending regulation amid crash.
Canadian Startup News
HR tech startup Humi acquires SaaS scheduling startup Ameego
Humi customers include Tim Hortons, Boston Pizza, and Moxies.
Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.”
Bootstrapped since 2008, Evidence Partners closes $20 million to tackle automated literature review market
Evidence Partners caters to more than 60% of the world’s largest pharma, medical device companies.
CIBC latest Big Six bank to partner with a FinTech on private open banking API
CIBC pens data access agreement with Utah-based MX.
D-Wave lists on New York Stock Exchange following close of SPAC deal
D-Wave’s stock price jumped as much as 30 percent on opening day.
C100 taps former MaRS exec Ray Newal as its new CEO
Ray Newal, who has led firms in Canada and India, will spearhead C100’s international expansion efforts.
With a new team, Framework Venture Partners secures $100 million USD first close for second fund
Barbara Dirks, Jim Texier, Mike Dobbins join for Fund II, target $250M final close.
Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver.
D2C startups not immune to downturn as Article, Mejuri make staff cuts
Article and Mejuri have cut their workforces by 17 and 10 percent, respectively.
Uberflip CEO attributes company layoffs to “unsteady economy”
Uberflip laid off 31 employees.
Scale Without Borders wants to bring Canada’s immigrant tech community together in November summit
Last year’s summit spanned three days and saw 1,000 registrants.
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
CEO: “There’s just a level of uncertainty right across the board.”
Lightspeed’s revenues increase even as its losses widen in fiscal first quarter for 2023
Lightspeed’s results were better than expected.
Nubik becomes latest Canadian tech firm acquired by Deloitte
Nubik specializes in Salesforce, FinancialForce, and Rootstock Cloud ERP.