Syzl crowned PITCH winner at Collision 2023 as other startups win cash prizes from The DMZ
The DMZ awarded $65,000 to startups at its Insiders Event prior to Collision’s start.
Canadian Startup News
Tokens.com acquires Startup Slang to link in-game purchases to Shopify Plus storefronts
Tokens.com continues to bet on the metaverse for future revenues.
Jombone secures $1 million from FedDev to address industrial staffing needs
With this funding, Jombone wants to adapt its platform for the US market.
Loopio makes “difficult decision” to lay off nine percent of its team
The Toronto-based software startup made its first acquisition in May.
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.