Thinkific, WonderFi, VerticalScope face leadership changes following layoffs
Canadian tech companies hit with executive exodus amid sector downturn.
Canadian Startup News
Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition by Thoma Bravo
Magnet Forensics shareholder contests deal; independent Magnet directors push back.
As unregulated crypto players collapse around the world, Netcoins expands into the US
Canadian firm aims to offer “compliant” alternative to unregistered US exchanges.
GSoft acquires Didacte to bolster employee engagement software suite
GSoft said this marks the beginning of more acquisitions.
Following exit to Live Nation, Universe founders secure $10.8 million for online art marketplace Peggy
Peggy uses AI to help artists and collectors authenticate artwork.
Levr.ai closes $1 million in pre-seed funding to simplify loan applications
After seeing qualified businesses struggle to secure financing, Levr.ai sought to create an easier process.
Shopify unveils new features for shopping app, fulfillment network in latest products update report
Shopify focused on expanding its fulfillment network and Shop app.
Raven.ai aims to address supply chain issues following $12 million USD Series A
“We believe Raven’s solution will play a key role in engaging these frontline teams.”
Atlantic Canada healthtech firms NovaResp, SiftMed, The Rounds secure funding
Rounds for all companies were led by or had participation from Atlantic Canada-based VCs.
Koho lays off 14 percent of staff
CEO claims cut doesn’t extend runway, but will support growth efforts.
RBC acquires Canadian operations of US proptech startup Ojo
Deal comes amid cooling housing market that has impacted homebuyers and proptech startups alike.
Conquest Planning raises $24 million to expand AI financial advisor solution to US, UK markets
Conquest is backed by Fidelity, RBC, and Portage.
Garmin Canada to expand Alberta presence, hire for 200 STEM jobs
Garmin’s Canadian expansion comes as other Big Tech companies are cutting back.
Jobber closes $100 million USD Series D amid strong demand for home services
Jobber hit $100 million in revenue in 2022, but CEO still sees plenty of room to grow.
Canadian Web3 Council calls on Senate to examine how to “effectively harmonize” regulatory framework for digital assets
Web3 Council to Senate: “Canada must not be left behind.”