Vertu Capital closes first private equity fund with over $300 million
Led by ex-OMERS veteran Lisa Melchior, Vertu is Canadaâs first woman-founded PE firm.
toronto
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.
S|W: The SaaS Weekly â Magnet Forensics proxy advisors split on takeover
Is Meta slowing down on Canadian hires post-layoffs?
Canada Drives undergoing restructuring as it files for creditor protection
âThe rising costs of holding inventoryâŠhas made this specific business model no longer viable.â
BBTV among 10 BC orgs receiving total $25.7 million from PacifiCan to help job retention amid tech layoffs
Over 500 jobs are expected to be created from the investment.
BC suffered biggest year-over-year venture funding drop among all Canadian ecosystems in 2022
Investment in the provinceâs tech startups fell by 67 percent in 2022.
FreshBooks lays off 10 percent of staff as company targets profitability
FreshBooksâ second round of layoffs since December sees third C-suite exec depart in past year.
Amazon wonât confirm how many Canadians impacted by forthcoming 9,000 employee layoffs
Worldwide cuts will impact AWS, PXT, advertising, and Twitch teams.
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.
Ericsson sets up new quantum research hub in Montréal
Telecom tech provider has also partnered with University of Ottawa and Sherbrooke.
Canadian startup news of the week (3/19/23)
Plus: Québec and Alberta tech investment bucked 2022 trends.
Shinydocs raises $16.25 million to make it easier to find buried files, media, documents
Shinydocsâ platform automates information management for organizations.
A|I: The AI Times – Embark Trucks explores liquidation, AI beer invades Alberta
Plus: How the Silicon Valley Bank shutdown might impact Canadian tech
H|T: The Healthtech Times – CAN Health Network expanding… across Canada
Plus: How the Silicon Valley Bank shutdown might impact Canadian tech.
CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm
Longer-term impact of SVB fallout has some in Canadian tech worried.