Nuula sold to Nav Technologies following collapse of Series A round
Nuula CEO: Company planned to raised $5 million but it “became impossible to close.”
Canadian Startup News
Shopify CTO Allan Leinwand to depart company, citing “personal reasons”
CEO Tobi Lütke to also lead R&D as Shopify loses third C-Suite exec since September.
SVG Ventures Thrive aims to raise $75 million CAD for third agrifood fund
The fund will make initial investments in seed to Series A agrifood startups.
How to turn new grads into successful employees
Younger generations value interesting work and team connection; they require structure and strong communication.
Bitcoin infrastructure startup Blockstream raises $125 million USD to expand crypto mining services
The Montréal firm claims demand for its hosting services remains high, despite volatile market.
Five Canadian programs listed among top incubators, accelerators globally
Canada is the only country with three programs named to the top ten list.
Canadian-led, New York-based AtomicJar aims to hire in Canada with $25 million USD Series A
US software testing firm hopes to build “centre of excellence” in Canada.
Pender Ventures closes first half of $100 million target for second venture fund
After focusing primarily on Western Canada, Pender Ventures has its eye on other parts of Canada.
Alphabet company DeepMind shutters Edmonton site as part of Google layoffs
DeepMind said it’s maintaining its other Canadian locations in Montréal, Toronto.
Tiny enters deal to go public on TSXV through merger with WeCommerce
Tiny created WeCommerce in 2019 to acquire Shopify partner businesses.
Tenstorrent swaps CEOs as Apple, AMD, Intel alum takes helm of AI chip unicorn
Tenstorrent founder becomes CTO as company also hires ex-Google director as COO.
Fintech Cadence, Atlantic FinTech partner to create national reach
Partnership hopes to unify FinTech clusters across the country.
Spinout Traction Complete standing on its own with new $6.7 million CAD Series A, big-name clients
Startup will stay in the family business after ex-parent Traction on Demand’s acquisition by Salesforce.
Investor liquidity issues are putting the squeeze on Canadian startups
In the worst tech downturn in more than a decade, some LPs aren’t honouring capital calls from Canadian VCs. It’s killing…
Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds
PINQ² will operationalize the quantum supercomputer this year.