WorkJam closes $50 million USD round co-led by Inovia, Fonds FTQ
WorkJam’s platform is geared towards supporting the frontline workforce.
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R|T: The Retail Times – Inside Hopper’s key strategic relationship and $5 billion valuation
Plus: Where and why Shopify is outsourcing customer support.
Symend closes $54 million CAD to pursue global expansion amid uncertain economic environment
Facing market headwinds and tailwinds, Symend has cut staff and set its sights on growing efficiently.
F|T: The FinTech Times – The FTX clustercuss has ties to Canadian tech
Plus: FinTech investor Holt Xchange launches Web3 fund.
As demand booms and recession looms, Busbud acquires fellow Canadian travel tech startup Betterez
After partnering up for years, Busbud has brought Betterez’s back office platform for transit players in-house.
H|T: The Healthtech Times – Inside Google’s quiet digital health acquisition
Plus: Cerebral lays off 20 percent of its staff.
Market watch: Lightspeed, Nuvei increase revenues but reports lead shares to fluctuate
Lightspeed’s share price dropped after the report was tabled.
A|I: The AI Times – U of T gets an AI nod from Eric Schmidt
Plus: CIFAR appoints 8 new AI chairs.
Voilà ! closes $13.75 million Series A to help combat labour shortages across Canada, United States
Voilà ! claims it can drop absenteeism by 35 percent.
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.
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.