Bonsai has laid off around two-thirds of staff over last two months
byThe CEO cited market volatility despite Bonsai raising $21 million this year.
Canadian Startup News
Why VC Deven Parekh doesn’t mind “overpaying” for a good deal
byInsight Partners VC values growth sustainability over price.
MaRS, KPMG Canada partner to launch Climate Impact Accelerator
byThe accelerator aims to connect corporations with cleantech startups to advance climate innovation.
Areto Labs secures $1 million to address online abuse with machine learning
byAreto Labs aims to help sports teams protect star athletes from social media trolls.
Startup Luxembourg wants Canadian founders to know its country is a gateway to the European market
byFunding, support, and access to the single market are some of Luxembourg’s startup draws.
BBTV reduces workforce by 14 percent following revenue decline in Q1
byLayoffs continue to sweep Canada’s tech sector.
FTX buys registered crypto trading platform Bitvo to expand into Canada
byBitvo is one of the few Canadian crypto companies registered as a restricted dealer.
Immigration expert-led Immigrate aims to help Canadian firms bring the talent they need to Canada
byImmigrate claims to have processed over 1,800 applications to date.
Collision unveils 28 Canadian startups shortlisted for pitch competition
byCollision expects to see 35,000 attendees in-person after two years of being online.
Body of missing Shopify exec Brett O’Grady found in Ottawa
byO’Grady had been a Treasurer at Shopify since 2015.
Federal government-backed Indigenous Growth Fund secures $3 million from Jack Dorsey’s Block Inc
by“We know this investment will spark and inspire other companies to also contribute to economic reconciliation.”
Federal government introduces new legislation aimed at governing privacy, AI
byProposed Bill C-27 carries fines of up to $25 million for serious offences contravening the act.
Plobal Apps raises $8.5 million in Bessemer-led round to scale mobile e-commerce app for Shopify merchants
byWith $14 million in total funding, Plobal wants to go global.
M&A likely to be a significant driver of value for Canadian tech firms in 2022
byPwC data finds Canada’s growth in M&A last year was in step with a global surge.
New analysis identifies 35 Canadian tech companies on path to $1 billion in annual revenue
byList points to startups like ApplyBoard, Benevity, Clio, FreshBooks, RenoRun.