Québec attracted more venture funding than any other Canadian region in Q1 2023
Québec startups raised a cumulative $317.3 million in Q1 2023.
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S|W: The SaaS Weekly – Absolute Software sold to Crosspoint for $657 million
Plus: Hopper to power Uber’s expansion into flight bookings.
Canadian startup news of the week (5/14/23)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
Startups SensaioTech, OroraTech look to mitigate wildfires with early detection services
Canadian wildfires cost more than $1 billion annually.
H|T: The Healthtech Times – Telehealth giant Amwell posts nearly $400M loss in Q1
Plus: Peloton shares plunge after company reports wider-than-expected loss.
F|T: The FinTech Times – Diagram Ventures adds $100M onto its FinTech bet
Plus: Shopify backs Nigeria-based FinTech Nomba.
OneEleven head Matthew Lombardi stepping down
After its 2020 closure, Lombardi led OneEleven through its revival.
Ontario innovation consortium SOSCIP shuts down as three-year federal funding ends
SOSCIP helped researchers access advanced computing platforms and technical expertise.
BC venture deal volume reached a three-year low in first quarter of 2023
Startups in BC raised $95.1 million through nine deals in Q1 2023.
S|W: The SaaS Weekly – 1Password’s CEO responds to Google’s “tipping point”
Plus: Will BlackBerry make it to the BlackBerry movie release?
D2L acquires Connected Shopping to let clients sell online courses
The acquisition signals D2L’s ongoing expansion into e-commerce.
Float launches new corporate card as it experiences growth in economic downturn
How a Toronto FinTech startup says it stays afloat as others struggle.
A|I: The AI Times – Geoffrey Hinton issues warning, Cohere is soaring
Plus: IBM to pause hiring for jobs that AI could do.
Carbonhound raises $1.3 million help small, medium business get ready for emissions regulations
The startup will help cut carbon as the United Nations says “catastrophic” warming is upon us.
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.