Nova Scotia government consolidates Innovacorp, Nova Scotia Business Inc
Nova Scotia says the changes address issues of overlapping mandates, duplicate operations, outdated legislation.
Canadian Startup News
Coinsquare lays off 24 percent of staff amid turbulent crypto market, shifted focus to regulation
The cuts follow hiring sprees that took place across the crypto space last year.
ProcedureFlow closes $11.8 million to scale knowledge management software globally
ProcedureFlow’s client base includes Blue Cross, Nova Scotia Power.
General Fusion picked for fusion power plant projects with US Department of Energy
General Fusion awarded funding from DoE to work with American national labs.
Shopify’s Q2 2022 growth continued to slow amid changing e-commerce market conditions
The results come one day after a 10 percent, company-wide reduction in staff.
Montréal-founded QueerTech wants to expand its 2SLGBTQIA+ events across Canada
72 percent of QueerTech’s 7,600-plus members come from outside Montréal.
Accenture continues Canadian tech acquisition spree with Solvera Solutions, Eclipse Automation
Accenture has acquired six Canadian companies since 2020.
BrainBox AI’s Series A round reaches $30 million following EDC top-up
BrainBox AI’s HVAC systems help buildings consume less energy.
Shopify laying off 10 percent of staff
Lütke: “It’s now clear that bet didn’t pay off.”
Avatar Innovations receives up to $500,000 investment from OCIF for carbontech accelerator
Avatar Innovations wants to spark innovation in Calgary’s energy sector.
Verv closes $3.8 million seed round to develop at-home blood testing kit
Could the Theranos that was promised come from Sudbury?
Backed by Yoshua Bengio, Ubenwa is using AI to diagnose neurological issues through baby cries
The Radical Ventures-backed Mila spinout has raised $3.24 million CAD to launch app for parents.
GreenCentre Canada secures over $2.5 million from FedDev Ontario to launch cleantech accelerator program
Waterloo-based ALT TEX, Material Futures among startups selected to join the program.
Ex-Tungle, Foko employees pivot new startup, Nook, to take on Evernote
With exits to BlackBerry and Workforce, Nook team wants to tackle notetaking.
Crypto custodian Balance completes SOC 2 audit to increase customer confidence
Balance joins growing list of crypto firms becoming SOC compliant.