AI startup Ada cuts 16 percent of its workforce
CEO cites tightening economy as Ada cuts 78 positions.
Canadian Startup News
Real Ventures swaps managing partners as firm pauses fundraising
Co-founder John Stokes takes helm as Janet Bannister transitions to partner.
With new Thrive platform, BDC commits half a billion dollars to invest in Canadian women-led startups and funds
BDC’s Women in Technology fund team has its second fund, lots more capital, and an expanded mandate.
RBCx and RBC Ventures merge
New entity will support founders across banking, capital, platform, and ventures.
Following record growth amid downturn, FrontFundr launches its own fundraising campaign on FrontFundr
FrontFundr has helped startups close $140 million across 100 campaigns.
New research surveys competitive intensity in Canada’s banking and payments sector
The task of Canada’s financial regulators is not enviable – but not impossible.
DealMaker takes over FundAmerica book of business from Prime Trust
DealMaker CEO says deal doubles its client base.
PolicyMe reveals $18 million in Series A financing to tackle Canadian insurance market
Backed by industry players, PolicyMe aims to expand beyond selling just life insurance and D2C.
Right-wing video site Rumble begins trading on Nasdaq via SPAC deal
The Toronto video-sharing platform attracts an audience of mostly right-leaning viewers.
Andgo Systems raises $5.6 million to make employee absence management easier
Andgo said it has added new major healthcare organizations as customers.
BC Tech Association reveals four finalists for 2022 startup award
Final winner will be named on Oct 6th at the Technology Impact Awards gala.
Important financial metrics every early-stage founder should know
Get a grip on your metrics and don’t be afraid to outsource.
With backing from celebrity investors and mortgage lenders, Verifast wants to improve identity, financial verification
Verifast recently closed a $3.5 million seed round.
Three companies actively hiring right now
Personify, Aquila, and PC Financial are hiring right now.
Composer secures $6 million USD to help retail investors adopt sophisticated trading strategies
Despite market downturn, Composer has seen trading volume, AUM grow.