BC venture funding fell to a seven-quarter low in Q3 2022
Investor sentiment goes from FOMO to fussy as deal volume falls to three-year low.
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F|T: The FinTech Times – Wealthsimple stakes its crypto claim
Plus: WonderFi swaps CEO as company plans stock trading, sports betting hedge.
H|T: The Healthtech Times – How VoxNeuro takes the subjectivity out of brain health assessments
Plus: Montreal’s Inversago raises $95-million to revive failed class of weight-loss drugs.
R|T: The Retail Times – Instacart reportedly pulling IPO plans
Plus: Does Shopify have a customer retention problem?
A|I: The AI Times – Can this Element AI co-founder fix the Internet?
Plus: Google in talks to invest $200 million into Cohere.
VCCI fund managers chosen for latest, $350 million injection of federal capital
Four funds are: HarbourVest Partners, Teralys Capital, Kensington Capital Partners, Northleaf Capital.
VoxNeuro closes $4 million to help diagnose concussions and Alzheimer’s disease
Backed by decades of research, VoxNeuro aims to bring objectivity to brain health assessments.
R|T: The Retail Times – Rapid grocery apps fail to deliver
Plus: Instacart Cuts Internal Valuation Third Time.
Manitoba government appoints board members of $50 million provincial fund of funds
The fund’s target size is $150 million.
ChainSafe closes $25.7 million CAD Series A to build blockchain-agnostic Web3 tools
COO: fundraising in current market “separates the true builders from the noise.”
Vendasta acquires “complementary” US sales enablement tech firm Yesware
Vendasta CEO says deal “pushes both companies’ product roadmap ahead significantly.”
Element AI co-founder launches Waverly to fix the internet by changing the way people consume content
Philippe Beaudoin wants to fix the internet. But what if the internet is a rigged game that can’t be fixed?
26 Canadian tech startups added to list of firms on path to $1 billion in annual revenue
Communitech list points to Paper, Talent.com, Brim, Miovision, Neo, Dapper Labs.
Auvik acquires international SaaS firms Saaslio, Boardgent
The acquisitions follow Auvik securing $312 million from majority shareholder Great Hill Partners.
R|T: The Retail Times – Shein’s value dips, Lightspeed taps Google alum
Plus: Amazon freezes corporate hiring in retail business.