Investor liquidity issues are putting the squeeze on Canadian startups
byIn the worst tech downturn in more than a decade, some LPs aren’t honouring capital calls from Canadian VCs. It’s killing…
Canadian Startup News
Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds
byPINQ² will operationalize the quantum supercomputer this year.
Delphia places co-founder on leave over sexual assault allegations, lawsuit from former employee
byPlaintiff: “I feel hurt and betrayed by Delphia’s co-founders.”
StoryTap founder Bernadette Butler on how she overcame the “shocks” of entrepreneurship
byHow Butler transitioned from telecom manager to startup founder.
Front-end, back-end, full-stack developers needed across Canada
byClio, Busbud, Ceridian, and Global Relay all looking to hire.
Harvest Builders, Headversity, among 15 recipients of $25.5 million PrairiesCan investment for Calgary businesses
byThe funding is expected to support over 800 jobs in healthtech, cleantech, other sectors.
TSX-listed Magnet Forensics to be acquired by Thoma Bravo in $1.8 billion CAD deal
byAnnouncement comes hours after IIROC halted trading of Magnet’s shares.
Alberta Innovates’ Bryan Helfenbaum on the future of energy in Canada
byExecutive director says clean tech can help maintain prosperity while driving toward a net-zero economy.
Summit Nanotech secures $50 million USD to scale lithium extraction for EV production
byThe Calgary startup aims to build the “lithium mine of the future.”
Benevity cites lower than expected customer demand as cause for 14 percent layoffs
byBenevity joins Hootsuite, Lightspeed, Clutch, Clearco in significant staff cuts.
Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down
byClutch cut approximately 65 percent of its staff.
Milk Moovement countersues US competitor Dairy LLC, alleges monopoly abuse over dairy intelligence industry
byRelationship soured last year when Milk Moovement allegedly spilled Dairy’s “trade secrets.”
After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
byCEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Volvo backs Waabi to accelerate driverless trucks commercialization
byWaabi unveiled its self-driving product in November to gear up for road tests.