CVCA: Canadian venture capital continues to fall back to pre-pandemic levels
Canadian trends are in line with the US and global results.
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Plus: Bessemer and SoftBank bet big on AI.
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Plus: Shopify backs Nigeria-based FinTech Nomba.
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Plus: IBM to pause hiring for jobs that AI could do.
Canadian venture capital investment in Q1 2023 drops by 82 percent compared to last year
VC saw a sharp decline in both amount invested and number of deals compared to last year.
The DMZ awards $35,000 to Black-led startups Blue Guardian, Gia Health, Scooli
The DMZ downsized its prize money after handing out $50,000 last year.
F|T: The FinTech Times – Super and Neo evolve, Pillar and Billi shut down
Plus: Revolut’s valuation troubles signal a stormy horizon for less-profitable neobanks.
Tentree founders spin out platform to help businesses keep their tree planting promises
CEO: “For us, Tentree was never an apparel business that planted trees.”
R|T: The Retail Times – Shopify goes ‘stealth spear-fishing’ for tech talent
Plus: General Assembly sells its frozen pizza business.
RenoRun granted court extension in insolvency filing to pursue sale
RenoRun asked for extension amid “a high level” of interest from potential buyers.
Inside the reborn OneEleven
Less than two years after the Toronto tech hub’s sudden closure and reopening, its managing director says the “turnaround…
Yung Wu to depart as MaRS CEO at end of 2023 as innovation hub begins search for next leader
Wu will remain at organization’s helm during CEO transition.
Regina-based parking validation app Offstreet closes $1.2 million seed round
The app removes the need for human-verified parking exemptions.
S|W: The SaaS Weekly – Inside Janet Bannister’s new fund for B2B software startups
Plus: Salesforce is culling management layers.