Loopio makes “difficult decision” to lay off nine percent of its team
The Toronto-based software startup made its first acquisition in May.
Canadian Startup News
PitchBook analysts say 2023 VC funding is “pretty much shot,” long-term recovery appears likely
PitchBook analyst: “It’s not going to be a six-month turnaround.”
Shopify’s venture arm unveils portfolio in new website launch
Shopify’s investments focus on funding the companies that support its merchant ecosystem.
University of Waterloo uses $5 million from endowment to launch VC fund
The university was inspired by an emerging trend in the US, with schools like MIT.
Vector Institute, Ontario Centre of Innovation secure combined $77-million provincial funding
OCI received $50 million from Ontario’s $107-million Critical Technology Initiative.
ventureLAB unveils Hardware Angel Network, supporting pre-seed and seed-stage hardware startups
The network plans to make its first investments in the fall, with a focus on deep tech, hardware, and semiconductors.
Shipping container marketplace Boxhub raises $12.4 million for global expansion
Boxhub said it has become popular with people making tiny houses and vertical farms.
AWS, NVIDIA launch global FinTech accelerator for seed-stage startups
The accelerator aims to help FinTech companies using AI and machine learning in financial services.
Immigration Minister details strategy for attracting foreign tech talent, digital nomads
Work permits will be prioritized for entrepreneurs backed by VCs or angels.
Canadian clusters team up to drive $30 million in quantum technology commercialization
NGen and DIGITAL are receiving $14 million from the National Quantum Strategy, which they hope to leverage.
ApplyBoard co-founder launches Passage to address Canada’s skilled worker shortage with $40-million seed round
Ex-ApplyBoard CEO plans to finance skilled immigrants that meet Canada’s workforce needs.
Canadian-led, California-based Joyful Ventures closes $23 million USD to back sustainable protein startups
Joyful has backed two firms with Canadian roots: New School Foods and Orbillion Bio.
Almost sideswiped by a Stripe acquisition, Helcim responds with new Smart Terminal
After Stripe acquired its manufacturing partner, Helcim faced delays and an increasingly competitive environment.
Elevate and The Firehood receive $2.3 million in federal funding to train women leaders
Applications are open until July 5 for women investors and entrepreneurs to get a chance at a $100,000 prize.
Financeit acquires consumer-loans competitor Simply Group Financial
The deal is estimated to be worth between $175-million and $225 million.