After two quarters of sluggish growth, Shopify increases revenues in Q3 2022, but eyes future quarters for road to recovery
Shopify share price rises along with reports of increased revenues in third quarter results.
Canadian Startup News
Alberta’s tech winter arrived late but in earnest in Q3 2022
2022 has still already surpassed the previous three years in Alberta venture funding.
RenoRun lays off 43 percent of staff to extend runway as inflation rises and consumer confidence falls
RenoRun founders: “The business climate we are operating in has fundamentally changed.”
Certn acquires Australian firm InterCheck to bolster suite of background screening solutions
Certn also acquired another competitor in the UK in January, Credence.
Workflow SaaS integrator Unito raises $20 million to build more integrations
Unito wants to break into more SaaS categories, starting with support tools.
Cinchy closes $19.7 million CAD Series B to make data integrations obsolete
Forgepoint-backed Cinchy sees room to grow as firms cut costs.
Float quadruples revenue YoY despite increased competition, choppy economy
CEO: “In terms of new entrants, we’re clearly the fastest-growing and the largest.”
Wealthsimple becomes first regulated Canadian crypto platform to offer staking
“We continue to push the boundaries…and have lots more in store.”
WonderFi swaps CEOs, plans hedge against crypto volatility with stock trading and sports betting
New CEO brings operational experience as WonderFi looks to diversify beyond crypto to find new revenue streams.
Shopify makes investment in Hong Kong startup WATI’s $23 million Series B round
WATI represents Shopify’s first investment in a Southeast Asian firm, but not in customer relations.
Québec venture funding faced a perfect storm in Q3 2022
A flurry of headwinds pummeled Québec’s tech sector into its lowest investment quarter in three years.
Manzil launches “the Halal version of Wealthsimple” for Muslim Canadians
Manzil aims to help Muslims balance financial needs and religious requirements.
Graphite Ventures appoints Omi Velasco as principal to lead Western Canada deals
Graphite now has local investment team members in Calgary, Waterloo, Ottawa, and Toronto.
Waterloo Region venture deal volume continued to slump in Q3 2022
Early-stage deals were nowhere to be found. So what comes next?
Lightspeed promotes CRO JD St-Martin to president as leadership overhaul continues
JD St-Martin joined Lightspeed in 2019 through its acquisition of Chronogolf.