Tech layoffs drag down the dog days of summer
Plus: John Ruffolo on where the silver linings are.
Canadian Startup News
Borealis Biosciences emerges from stealth with $202 million CAD from Novartis and Versant
Kidney disease treatment company looks to build on work of Chinook Therapeutics, acquired by Novartis last year.
Canada may lead the US on workplace flexibility, but there’s a catch
Plus: Five Canadian tech roles to apply for today.
Humi co-founder’s nuclear power venture closes $27-million USD Series A
Aalo Atomics, led by Matt Loszak, wants to reduce the cost of nuclear energy.
MKB raises $145 million for third cleantech fund mostly from government agencies
Canada Growth Fund, Investissement Québec, CDPQ, and BDC have announced their investment in MKB Fund III.
Sonder inks Marriott licensing deal, secures additional liquidity amid continued challenges
Canadian-founded short-term rental firm expects to benefit from Marriott’s distribution.
American hospitality tech firm Agilysys acquires Book4Time for $204 million CAD
Agilysys’s broad portfolio elevates what Book4Time can deliver to clients, CEO Roger Sholanki said.
JustEat, SkipTheDishes lay off 800 Canada-based employees following “comprehensive review”
Food delivery app SkipTheDishes went through three CEOs in 2023.
Knox Custody founders close $1.8 million CAD to launch borderless Bitcoin payments with Tmrw
Maple VC-backed, Canadian-founded startup is targeting the Caribbean market to start.
Ex-Google DeepMind leaders bring Reliant AI out of stealth with $15.4-million CAD seed round
Yoshua Bengio-backed startup wants to help biopharma researchers wrangle their data faster.
Social Finance Fund-backed Boann reveals first investments in Canadian impact funds
Portfolio includes Active Impact, BKR, Cycle H2O, InvestEco, Raven, Renewal, Sandpiper, Spring, The51.
Virtual care holds the key to better employee mental health
Teladoc Health’s Dr. Karolina Filipowska on increasing access to care in Canada.
Insurtech startup YouSet raises $3.5-million CAD seed round
The startup claims to save users nearly 30 percent on coverage in a process that takes minutes.
Two new contracts take off as SBQuantum looks to send its tech to space
Startup is launching projects with the Canadian and European space agencies.
Government of Canada launches consultations on Budget 2024 proposals
Feds inviting Canadians to share thoughts on capital gains, CEI, open banking, cleantech tax credits, and more.