Our Lady Peace’s Raine Maida says creators can’t afford “not to take advantage” of Web3, NFTs
But as Axie Infinity reveals a massive hack, can the same be said for game developers?
Canadian Startup News
Athlete Tech Group aims to demystify tech for Black youth with second Tech Summit Black
After “sparking curiosity” in 2021, second summit wanted to help Black youth build tech skills.
Emissions Reduction Alberta commits $50 million for challenge focused on transitioning to low-emissions economy
Applications are open to previously initiated projects that stalled “due to the current economic situation.”
Alberta proposes regulatory sandbox to attract FinTechs, crypto companies to the province
Company applications for the sandbox could start as soon as July 1.
Citylitics closes $6.2 million CAD to help companies spot public infrastructure sales opportunities
After building presence in transportation, Citylitics plans to move into new verticals like power.
CleanBC Industry Fund opens applications for round three of funding
BC aims to reduce emissions as much as removing 130,000 cars from the road.
FutureFit AI raises $5.7 million to scale career navigation platform
JPMorgan Chase, Acumen America co-led the round.
Acquisitions propel Well Health to record revenues, profits in 2021
Well Health Posts adjusted gross profits of $153.7 million CAD for 2021
Thinkific CEO describes layoffs as effort to preserve cash amid tough capital-raising environment for public companies
Company’s share price has risen 13 percent since layoffs were announced.
Evok Innovations targets cleantech investments with first close of $300 million USD Fund II
LPs in Fund II include Export Development Canada, RBC, and TD.
With Series A funding, Manifest Climate can scale approach to helping companies see climate change as a strategic issue
The $30 million round will help Manifest reach new markets.
PocketHealth secures $20 million CAD to put medical records in US patients’ pockets
PocketHealth wants to help users access, share, and understand medical imaging.
LayerZero Labs reaches $1 billion valuation in round backed by Sequoia Capital, Andreessen Horowitz
Tom Brady, Justin Timberlake, crypto leaders like Dapper Labs invested in the $135 million round.
Canadian startups in Y Combinator tie all-time high at Winter 2022 Demo Day
For the second time, 16 Canadian startups participated in a YC cohort.
Government of Canada launches advisory group focused on harmful online content
Advisory group a “reset button” to fed’s approach for online safety legislation.