Atlantic Canada healthtech firms NovaResp, SiftMed, The Rounds secure funding
Rounds for all companies were led by or had participation from Atlantic Canada-based VCs.
fintech
Koho lays off 14 percent of staff
CEO claims cut doesn’t extend runway, but will support growth efforts.
Conquest Planning raises $24 million to expand AI financial advisor solution to US, UK markets
Conquest is backed by Fidelity, RBC, and Portage.
Canadian Web3 Council calls on Senate to examine how to “effectively harmonize” regulatory framework for digital assets
Web3 Council to Senate: “Canada must not be left behind.”
VerticalScope becomes latest public tech firm to make layoffs with 22 percent staff reduction
Cuts come after VerticalScope’s business deteriorated in Q4.
As Clearco and Wayflyer struggle, Paperstack secures $9 million in equity, debt to fuel pivot into e-commerce lending
Paperstack sees room to grow as larger players cut back amid economic headwinds.
Nuula sold to Nav Technologies following collapse of Series A round
Nuula CEO: Company planned to raised $5 million but it “became impossible to close.”
R|T: The Retail Times – Why everyone is making layoffs—except Apple
Plus: Inside the battle for the future of Amazon.
Delphia places co-founder on leave over sexual assault allegations, lawsuit from former employee
Plaintiff: “I feel hurt and betrayed by Delphia’s co-founders.”
Canadian startup news of the week (1/22/23)
Plus: Vidyard eyes $1 billion in revenue.
Front-end, back-end, full-stack developers needed across Canada
Clio, Busbud, Ceridian, and Global Relay all looking to hire.
Vancouver PR firm Switchboard gets national support following Earnscliffe acquisition
Switchboard calls itself Western Canada’s first tech-focused PR firm.
Clearco CEO Michele Romanow steps down as company cuts almost 30 percent of staff
Andrew Curtis now CEO as company hopes latest exec change will lead to cash flow break-even in 2023.
Properly pivots away from home sale guarantee as real estate market dips
Company attributes shift to “unprecedented volatility in the Canadian housing market.”
Nuvei enters $1.7 billion CAD deal to acquire US payments tech firm Paya
Paya’s share price climbed by 24 percent following the news of its potential acquisition.