Market watch: Nuvei, Propel, Payfare, and Mogo
FinTech companies ride out a turbulent market.
Canadian Startup News
Canvass Analytics secures $3.3 million USD top-up for Series A round
Yamaha Motor Ventures backs Canvass again after its initial investment in 2020.
Interaxon secures $9.5 million USD to roll out subscription model for brain sensing headband, Muse
The subscription program is set to launch in Q1 next year.
Market watch: Well Health, Magnet Forensics, Dialogue Health, and Thinkific Labs
Gains and losses aren’t about the verticals, but rather the companies.
Invest Nova Scotia executive chair Tom Hickey resigns two weeks after consolidation
Invest Nova Scotia was the result of Innovacorp and NSBI’s merger.
SVG Ventures Thrive launches new agri-food tech pre-accelerator, venture studio
The pre-accelerator has $3.7 million in provincial and federal backing.
Armed with more capital to back women entrepreneurs, Phoenix Fire makes first investment in VoxCell
Phoenix Fire’s LPs now include the co-founders of Thinkific and Odaia.
Wagepoint acquires KinHR to offer employee management software
KinHR marks Wagepoint’s second acquisition after securing $10 million from PSG.
Dooly latest Vancouver startup to cut staff amid broader market downturn
Dooly has joined a growing number of Canadian tech companies to trim their workforce, laying off 12 people.
Report maps Canadian sustainable proptech industry and nearly $1.5 billion in investments
Amp Energy, GoBolt, Ecobee, Brainbox AI among top funded startups in the sector.
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.
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.