Innovacorp venture fund manager Andrew Ray leaves org following announced merger with Nova Scotia Business Inc.
Ray oversaw Innovacorp’s VC activities, served on LeadSift, Swarmio, Proposify boards.
Canadian Startup News
Insurtech startup Relay Platform acquired by US-based cyber insurance provider At-Bay
Relay Platform specializes in cyber insurance.
D-Wave, Coveo, Canada Drives among tech companies receiving collective $50 million for Scale AI projects
The projects in this cohort vary from AI integrations in finance to transportation.
VendorPM secures $20 million Series A to expand US footprint
VendorPM’s backers include Bessemer and a plethora of real estate investors.
“There’s a storm coming, but we’re on a good boat.” Koho says it’s ready to navigate downturn
Canadian FinTech is in the tank, but this challenger bank thinks it can stay afloat with scale.
Vendasta lays off staff after the pandemic spurred fast-pace growth
Vendasta’s teams are spread across Canada, India, and the US.
Canadian tech companies continue to hire despite downturn – here’s an (incomplete) list
300 tech companies say they are still hiring in Canada.
Myplanet raises $14 million CAD to become leader in emerging ‘composable commerce’ market
Myplanet’s customers include New Balance, Harry Rosen, Telus.
Vive Crop Protection secures $34 million CAD Series C to drive AgTech R&D
Amid competition from major ag chemical firms, Vive sees R&D speed, efficiency as a differentiator.
Direct-C closes $3.9 million Series A from Henkel and GreenSky to scale oil leak detection tech
University of Calgary spinout sees applications for its tech beyond oil and gas.
Brüush Oral Care closes Nasdaq IPO with $15.5 million
Brüush missed its initial IPO target by $1.75 million.
NotaryPro secures $646,415 CAD to tap into growing market for digital signatures
CEO claims the pandemic became a major catalyst for NotaryPro’s growth.
How startups can survive a market downturn
Prepare for the worst, know your metrics, and make sure you hit “OK.”
Venture investment returning to pre-pandemic levels, shows Q2 2022 CVCA report
Institutional investors stay the course while family offices, high-net-worth individuals tread lightly.
Metafold 3D secures $500,000 from Active Impact Investments to build 3D printing’s “missing piece”
Idea behind Metafold was spun out of co-founders’ consulting work with a major sportswear manufacturer.