Down rounds in 2022 lower than expected amid reliance on bridge financing: Osler report
More firms rely on bridge financing to extend cash runway as they aim for later, higher valuations.
Canadian Startup News
AutoLeap gears up for growth with $40 million CAD Series B
As a recession looms, AutoLeap and the car repair shops it serves stand to benefit.
BetaKit’s most-read March stories show #CDNtech sector struggles continue as government innovation promises continue to lag
SVB’s collapse kicked off a month that included new layoffs, bankruptcies, and AI disruptions.
Founders Assemble Summit launches to help entrepreneurs navigate current market conditions
The two-day event will feature industry professionals like Janet Bannister and Chris Neumann.
Magnet Forensics to delist from TSX as $1.8 billion merger deal closes
Magnet Forensics acquisition closes following opposition to the deal.
High performance computing platform Agnostiq closes $8.22 million CAD seed extension
The startup received $2 million USD in seed funding in 2021.
Meet the Canadian startups participating in Y Combinator’s Winter 2023 Demo Day
A total of 282 companies participated globally.
Unreserved dismisses portion of $25 million lawsuit against real estate associations as new regulations for open bidding expected
The lawsuit remains active against the Ottawa Real Estate Board.
Saskatoon-based Fidu places third at American Bar Association pitch competition
It was among five Canadian startups to be named as finalists for the pitch competition.
VCCI-backed Kensington Capital Partners secures $158 million first close for third venture fund
Kensington becomes first VCCI-supported fund of funds to announce it has closed financing.
Brizo Data raises $12 million to bring data insights to foodservice industry
BDC Capital and Framework Venture Partners led the round.
How startups can access an untapped pool of talent in Canada
Hiring rural talent requires flexibility, but can easily fill talent gaps.
Felix expands into more complex categories of care following $18 million Series B
Healthtech startup targets moves into Québec, weight loss, therapy.
Eli raises $5 million to make at-home hormone testing for women more accessible
“It will allow us to build a large-scale dataset of daily hormone levels for the first time in history.”
ChopValue raises $10.36 million CAD to globalize its chopstick-repurposing technology
The startup recently transformed its 100 millionth chopstick into new products.