After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Canadian Startup News
Volvo backs Waabi to accelerate driverless trucks commercialization
Waabi unveiled its self-driving product in November to gear up for road tests.
Hootsuite CEO Tom Keiser replaced amid third round of layoffs
The cuts mark Hootsuite’s third round of layoffs in the last six months.
Market intelligence startup Klue moves closer to all-in-one platform vision with DoubleCheck Research acquisition
DoubleCheck brings research insights into how companies win and lose deals.
What Xero learned after 15 years of building software for SMBs
Building for SMBs requires embracing “coopetition.”
CoinSmart rejects Coinsquare’s notice to terminate acquisition deal
CoinSmart claims Coinsquare’s acquisition about-face is “invalid and without merit.”
Vidyard sets sights on $1 billion in revenue as it bolsters go-to-market efforts
CEO says Vidyard considering M&A opportunities amid tech downturn.
Smart horticultural lighting provider Sollum closes $30 million CAD to expand library of ‘light recipes’
Sollum previously received government grants to support the production of greenhouse tomatoes, strawberries.
Vancouver PR firm Switchboard gets national support following Earnscliffe acquisition
Switchboard calls itself Western Canada’s first tech-focused PR firm.
Lightspeed to lay off 300 employees as it targets “profitable growth”
Lightspeed says layoffs aim to streamline operations, “unify” acquisitions.
NowVertical secures $7 million CAD credit facility, completes Acrotrend, Smartlytics acquisitions
NowVertical acquires more capital to fuel acquisition strategy.
UK autonomous vehicle company Oxbotica plans to expand Canadian presence following $140 million USD raise
Oxbotica plans to hire for up to 50 new roles in Toronto office.
Clearco CEO Michele Romanow steps down as company cuts almost 30 percent of staff
Andrew Curtis now CEO as company hopes latest exec change will lead to cash flow break-even in 2023.
BMO, Georgian partner on access fund as venture firm secures nearly half of second alignment fund
SEC filings show that Georgian has secured $466 million USD of its target to date.
Two Canadian companies chosen for John Deere’s 2023 Startup Collaborator program
In a growing global AgTech market, “Canadian innovation leads the pack.”