FTX’s fall could have implications for more Canadian orgs than just Ontario Teachers’
Crypto exchange FTX files for bankruptcy in US, CEO Sam Bankman-Fried steps down.
Canadian Startup News
FinTech investor Holt Xchange launches fund at intersection of Web3, sports media, entertainment
Advisory council includes DeMar DeRozan, Raine Maida, and Milos Raonic.
Xero appoints Canadian native Sukhinder Singh Cassidy as new CEO
Xero’s newest leader had exec positions at Google, Stubhub, Polyvore.
With Passage acquisition 1Password prepares to battle tech giants for passwordless future
Acquisitions, exec turnover, and new tech mark transition period for 1Password. CEO Jeff Shiner sounds ready.
Customer experience platform Alida secures $60 million USD credit facility
With a new Edmonton office, Alida sets sights on the rest of North America and beyond.
Xanadu closes $100 million USD Series C as quantum computing firm becomes Canada’s latest unicorn
Xanadu wants to bring the first commercially available quantum computers to market.
Meta mass layoffs hit Canada less than a year after major expansion plans
Canadian teams affected include client relations, human resources, among others.
As demand booms and recession looms, Busbud acquires fellow Canadian travel tech startup Betterez
After partnering up for years, Busbud has brought Betterez’s back office platform for transit players in-house.
Ontario Teachers-backed FTX plans sale to competitor Binance following liquidity crunch
Ontario Teachers isn’t the only Canadian pension fund to be burned by a bad crypto investment.
Wyvern raises $9.45 million CAD in seed-plus round
Satellite imaging startup begins countdown to inaugural launch.
OSF Digital acquires UK-based Oegen in its drive to become “biggest Salesforce integrator”
The acquisition opens up UK financial services sector to OSF.
Federal government invests $2.4 million in P&P Optica to help meat processors automate food safety
PPO’s systems can detect and remove objects like plastics, rubber from food.
Hopper closes $96 million USD from Capital One at more than $5 billion valuation
Capital One became Hopper’s first B2B client in 2021 after leading its Series F round.
QueerTech launches hybrid conference for 2SLGBTQS+ tech
Named QT Qonference, the event will take place from November 10 to 11.
Q4 Inc. CEO confident in 2023 profitability despite continued slow growth
M&A, delistings, frigid IPO market have impacted Q4 Inc’s customer retention, expansion.