Intuit, Highline unveil 2023 cohort of joint FinTech accelerator
Toronto-based Chexy and Carbonhound among the group of startups chosen.
Canadian Startup News
Firehood hands out $100,000 in prizes as the DMZ, CVCA announce women of year awards
Apricotton, Areto Labs, PragmaClin secure $100,000 in total prize money from pitch competition.
Zenhub closes $10 million to make platform for managing software projects more accessible
Yaletown-backed Zenhub aims to take the silos out of software development.
Yaletown Partners hits $200 million final close for Innovation Growth Fund II
Yaletown saw four exits in 2022, including Tasktop, Circle Cardiovascular Imaging.
Web3 startup Helika closes $4 million seed round led by Diagram Ventures
Diagram: “We see Helika at the forefront of a rapidly evolving industry.”
Wattpad lays off 15 percent of workforce
Interim president says cuts come despite best efforts to limit economic impact.
Magnet shares independent advisor report recommending $1.8 billion acquisition as some shareholders push to halt deal
One of Magnet’s largest investors says $1.8 billion price tag “simply too low.”
Dwindling tech deal volume remained a thorn in the Waterloo Region’s side in 2022
Venture funding in Waterloo Region dipped from 2021 peak, but still surpassed pre-bull market years.
Daily Blends raises $2.7 million CAD, signs Metrolinx deal to deploy smart vending machines
Healthy vending machines are coming to public transit stations, college campuses across Canada.
Six months after petition launch, federal minister calls market benefits plan “essential” to Global Talent Stream visa
Employees at VanHack, Hopper, Dapper Labs, others signed a petition that calls the plan “cumbersome.”
Cohere among first investments from Salesforce’s new $250 million AI fund
Salesforce invests in Toronto startup as part of broader generative AI strategy.
Loopio, Reelhouse co-founders launch Barley to help make employee compensation easier, more equitable
Golden Ventures-backed Barley has raised $5.4 million CAD to date.
Adaptis secures $2 million CAD to help building owners move to net zero with AI
“Using deep tech to do deep decarbonization is really where we think the gap is.”
Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A
BDC Capital’s Thrive Venture Fund joined to lead the extension.
Toronto venture funding saw a “return to sanity” in 2022
Toronto tech startups raised a collective $3.7 billion through 154 deals in 2022.