BC securities regulator alleges Blok Technologies, former execs misrepresented share sale in 2018
BCSC claims Blok violated the Securities Act.
Canadian Startup News
The Women Entrepreneurship Ecosystem Fund calls for new projects in order to dole out $40 million
The WES Ecosystem Fund has invested $100 million in 52 projects.
Portage Ventures rolls out new late-stage FinTech fund, aims to raise up to $1 billion USD
Amid downturn, Portage sees chance to fund FinTech firms reluctant to take valuation hit.
Four Canadian companies selected for inaugural CB Insights Advanced Manufacturing 50 list
BenchSci, Vention among Canadian startups in the list.
Stadium Live scores $12.8 million CAD Series A to engage Gen Z sports fans
Stadium Live aims to build the “spatial version of Discord.”
Fable raises $8.4 million CAD Series A to fuel move beyond tableware
Fable wants to sell “all the little items … that make a house a home.”
Nova Scotia government consolidates Innovacorp, Nova Scotia Business Inc
Nova Scotia says the changes address issues of overlapping mandates, duplicate operations, outdated legislation.
Coinsquare lays off 24 percent of staff amid turbulent crypto market, shifted focus to regulation
The cuts follow hiring sprees that took place across the crypto space last year.
ProcedureFlow closes $11.8 million to scale knowledge management software globally
ProcedureFlow’s client base includes Blue Cross, Nova Scotia Power.
General Fusion picked for fusion power plant projects with US Department of Energy
General Fusion awarded funding from DoE to work with American national labs.
Shopify’s Q2 2022 growth continued to slow amid changing e-commerce market conditions
The results come one day after a 10 percent, company-wide reduction in staff.
Montréal-founded QueerTech wants to expand its 2SLGBTQIA+ events across Canada
72 percent of QueerTech’s 7,600-plus members come from outside Montréal.
Accenture continues Canadian tech acquisition spree with Solvera Solutions, Eclipse Automation
Accenture has acquired six Canadian companies since 2020.
BrainBox AI’s Series A round reaches $30 million following EDC top-up
BrainBox AI’s HVAC systems help buildings consume less energy.
Shopify laying off 10 percent of staff
Lütke: “It’s now clear that bet didn’t pay off.”