Elevate to return for 2023 with Lisa LaFlamme, Dragons’ Den, and Shark Tank stars among speaker lineup
Policy regulations around AI, Bill C-11 will be discussed at Elevate this year.
fintech
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.
Shopify cuts 20 percent of staff, announces sale of logistics division
“There’s no way to make this good news,” Shopify CEO tells employees in company letter.
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.
Canadian startup news of the week (4/30/23)
Plus: OneEleven reborn, Neo Financial embedded, Pillar & Billi ended.
Neo Financial bets on embedded finance, D2C combo amid tough consumer banking market
After partnering with Intuit, Neo looks to land more embedded finance deals.
R|T: The Retail Times – Shopify goes ‘stealth spear-fishing’ for tech talent
Plus: General Assembly sells its frozen pizza business.
How Super raised $85 million USD after rebranding from Snapcommerce
Snap, now “Super,” raised funding from execs at Shopify, Ancestry, Substack.
Yield Exchange raises $700,000 CAD to simplify access to guaranteed investment certificates
Yield Exchange won two pitch competitions at SAAS NORTH 2022, taking home $110,000.
H|T: The Healthtech Times – Lululemon’s failed attempt at becoming a tech company
Plus: Felix and Eli raise new rounds.
A|I: The AI Times – Samsung workers made a major error by using ChatGPT
Plus: Anthropic’s $5B, 4-year plan to take on OpenAI.
BetaKit’s most-read March stories show #CDNtech sector struggles continue as government innovation promises continue to lag
SVB’s collapse kicked off a month that included new layoffs, bankruptcies, and AI disruptions.
H|T: The Healthtech Times – BC researchers have an AI model that predicts cancer survival rates
Plus: Toronto’s Hypercare sole Canadian startup selected for AWS healthcare
Meet the Canadian startups participating in Y Combinator’s Winter 2023 Demo Day
A total of 282 companies participated globally.
VCCI-backed Kensington Capital Partners secures $158 million first close for third venture fund
Kensington becomes first VCCI-supported fund of funds to announce it has closed financing.