FutureFit AI raises $5.7 million to scale career navigation platform
JPMorgan Chase, Acumen America co-led the round.
Canadian Startup News
Acquisitions propel Well Health to record revenues, profits in 2021
Well Health Posts adjusted gross profits of $153.7 million CAD for 2021
Thinkific CEO describes layoffs as effort to preserve cash amid tough capital-raising environment for public companies
Company’s share price has risen 13 percent since layoffs were announced.
Evok Innovations targets cleantech investments with first close of $300 million USD Fund II
LPs in Fund II include Export Development Canada, RBC, and TD.
With Series A funding, Manifest Climate can scale approach to helping companies see climate change as a strategic issue
The $30 million round will help Manifest reach new markets.
PocketHealth secures $20 million CAD to put medical records in US patients’ pockets
PocketHealth wants to help users access, share, and understand medical imaging.
LayerZero Labs reaches $1 billion valuation in round backed by Sequoia Capital, Andreessen Horowitz
Tom Brady, Justin Timberlake, crypto leaders like Dapper Labs invested in the $135 million round.
Canadian startups in Y Combinator tie all-time high at Winter 2022 Demo Day
For the second time, 16 Canadian startups participated in a YC cohort.
Government of Canada launches advisory group focused on harmful online content
Advisory group a “reset button” to fed’s approach for online safety legislation.
Bonsai closes $21 million to scale embedded commerce solution for publishers like BuzzFeed, Vox
CEO says focus on net-new GMV sets Bonsai apart from competition in the checkout field.
With new funding, Athennian hopes to follow in Clio’s unicorn footsteps
The legaltech startup’s backers include Clio’s CEO.
Clearco commits to Dublin with $164.4 million CAD earmarked for Irish startups
Clearco’s Dublin hub will back the company’s broader European expansion.
Following 2021 losses, Thinkific to lay off 100 employees
Layoffs to impact one-fifth of Thinkific’s 499-person team.
Meta to hire up to 2,500 workers in Canada, open engineering hub to build metaverse
Meta said Toronto will play an important role in creating the metaverse.
Dapper Labs, Wealthsimple, WonderFi founding members of new Canadian Web3 Council
As regulation looms, group calls for national strategy for crypto and digital assets.