Ex-Panache, ScaleUp partners team up to launch new early-stage VC fund CMD Capital
As funding has dried up, David Dufresne and Matt Roberts say they plan to lead and price early-stage rounds.
fintech
With regulatory approval, Hiive launches VC secondary trading platform in Canada
Closed IPO window, âdiscount mentalityâ driving secondary trading.
Novisto closes $27-million CAD Series B to help companies improve their ESG reporting
Novisto gears up for growth as shareholder ESG pressure heats up.
As Nasdaq delisting looms, asset management firm mCloud looks to go private
mCloudâs Nasdaq shares declined by 80 percent in the last year.
CVCA: Canadian venture capital continues to fall back to pre-pandemic levels
Canadian trends are in line with the US and global results.
A|I: The AI Times – At I/O, Google makes up for lost time
Plus: Bessemer and SoftBank bet big on AI.
Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
When SVB collapsed, US depositors could only insure up to $250,000.
Small business banking platform Vault launches with backing from Googleâs Gradient Ventures
Vaultâs co-founders have previously worked at Revolut, Koho.
Québec attracted more venture funding than any other Canadian region in Q1 2023
Québec startups raised a cumulative $317.3 million in Q1 2023.
Hopper to power Uberâs expansion into flight bookings
âFlights on Uberâ will be available to UK users this summer.
Float launches new corporate card as it experiences growth in economic downturn
How a Toronto FinTech startup says it stays afloat as others struggle.
Inflation blamed for decline in mental health of Canadian founders in the last year
BDC report maps impact of the economic downturn on entrepreneursâ mental health.
A|I: The AI Times – Geoffrey Hinton issues warning, Cohere is soaring
Plus: IBM to pause hiring for jobs that AI could do.
R|T: The Retail Times – Shopify sheds staff, offloads logistics business to focus on “main quest”
Plus: RenoRun halts operations as it pursues asset sale.
Canadian startup news of the week (5/7/23)
Plus: Canadian Q1 VC investment falls 82 percent from last year.