Armed with more capital to back women entrepreneurs, Phoenix Fire makes first investment in VoxCell
Phoenix Fire’s LPs now include the co-founders of Thinkific and Odaia.
Canadian Startup News
Wagepoint acquires KinHR to offer employee management software
KinHR marks Wagepoint’s second acquisition after securing $10 million from PSG.
Dooly latest Vancouver startup to cut staff amid broader market downturn
Dooly has joined a growing number of Canadian tech companies to trim their workforce, laying off 12 people.
Report maps Canadian sustainable proptech industry and nearly $1.5 billion in investments
Amp Energy, GoBolt, Ecobee, Brainbox AI among top funded startups in the sector.
As other lenders collapse, Ledn bets conservative approach will help startup survive crypto winter
Ledn co-founder eyes M&A, anticipates more crypto lending regulation amid crash.
HR tech startup Humi acquires SaaS scheduling startup Ameego
Humi customers include Tim Hortons, Boston Pizza, and Moxies.
Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.”
Bootstrapped since 2008, Evidence Partners closes $20 million to tackle automated literature review market
Evidence Partners caters to more than 60% of the world’s largest pharma, medical device companies.
CIBC latest Big Six bank to partner with a FinTech on private open banking API
CIBC pens data access agreement with Utah-based MX.
D-Wave lists on New York Stock Exchange following close of SPAC deal
D-Wave’s stock price jumped as much as 30 percent on opening day.
C100 taps former MaRS exec Ray Newal as its new CEO
Ray Newal, who has led firms in Canada and India, will spearhead C100’s international expansion efforts.
With a new team, Framework Venture Partners secures $100 million USD first close for second fund
Barbara Dirks, Jim Texier, Mike Dobbins join for Fund II, target $250M final close.
Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver.
D2C startups not immune to downturn as Article, Mejuri make staff cuts
Article and Mejuri have cut their workforces by 17 and 10 percent, respectively.
Uberflip CEO attributes company layoffs to “unsteady economy”
Uberflip laid off 31 employees.