Vertu Capital closes first private equity fund with over $300 million
Led by ex-OMERS veteran Lisa Melchior, Vertu is Canada’s first woman-founded PE firm.
fintech
Symend reduces team by 25 percent in restructuring, four months after $54 million round
Latest cuts come after Symend laid off 13 percent of staff late last year.
BC suffered biggest year-over-year venture funding drop among all Canadian ecosystems in 2022
Investment in the province’s tech startups fell by 67 percent in 2022.
FreshBooks lays off 10 percent of staff as company targets profitability
FreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.
DMZ Demo Day event to hand out $300,000 in prizes for startups
Entrepreneurs will get to pitch and network with hand-picked global investors.
BDC appoints Sévrine Labelle as head of $100 million Thrive Lab for women entrepreneurs
Thrive Lab is set to launch this spring.
Synctera secures National Bank funding, partnership to bring banking-as-a-service platform to Canada
Synctera helps FinTechs build and launch compliant financial products debit and lending.
Yaletown Partners hits $200 million final close for Innovation Growth Fund II
Yaletown saw four exits in 2022, including Tasktop, Circle Cardiovascular Imaging.
Wattpad lays off 15 percent of workforce
Interim president says cuts come despite best efforts to limit economic impact.
Uplinq partners with World Bank Group-linked global network to educate on financial inclusion
FinTech recently raised $820,000 CAD for its global credit assessment platform.
H|T: The Healthtech Times – Is Apple close to no-prick blood glucose tracking for its watch?
Plus: Amazon completes takeover of One Medical.
MaRS, adMare BioInnovations launch new biotech accelerator for early-stage ventures
New accelerator will provide valuable lab space, mentorship.
Backed by Bay Street veterans, Obsiido wants to make alternative investing accessible
Obsiido emerges from stealth with $815,000 pre-seed round.
Canada’s small businesses want open banking, too
Small business owners are eager to unlock new opportunities as Canada builds open banking framework.
H|T: The Healthtech Times – Clinify’s mission to digitize African medical records
Plus: How Canada opened the door to for-profit virtual care.