Brookfield and Sequoia Heritage’s reported new fund is well-positioned to scoop up discount tech startups
Valuations are down and Canadian companies are filling for insolvency at a 10-year high.
toronto
F|T: The FinTech Times – Neo Financial goes all-in on partner credit cards, US regulators worry of Binance bank run
Plus: National Bank acquires Silicon Valley Bank’s Canadian commercial loan portfolio.
Canadian startup struggles continue with more layoffs, shutdowns
Plus: Do Canadian entrepreneurs take risks?
Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
R|T: The Retail Times – Shopify adds new merchant tools, loses long-time VP
Plus: Shein makes an aggressive pitch to woo US Amazon sellers.
H|T: The Healthtech Times – Turnstone Biologics goes public, Dialogue Health to be acquired
Plus: Vital Bioscience reveals desktop blood tester with big backers.
Samsung, Hyundai, Kia back AI chip manufacturer Tenstorrent in $100-million USD round
Tenstorrent receives major backing from strategic investors ahead of planned Series D round next year.
Graphite Ventures closes $110-million Fund IV as firm builds its national presence
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
A|I: The AI Times – Cohere releases Coral, Shopify unveils AI suite
Plus: Yoshua Bengio issues stark warning to U.S. Senate.
Neo Financial goes all-in on embedded finance with new suite of credit cards
The FinTech startup is partnering with Tim Hortons, Cathay Pacific to offer rewards.
S|W: The SaaS Weekly – OpenText’s acquisition of Micro Focus spurs IP and patent questions
Plus: Solink secures $60 million to scale cloud-based video surveillance service.
With initial $8-million close for Nex Gen VC Partners, KJSM Ventures’ team targets more early-stage tech startups
After deal flow exceeded their family office’s capacity, the McKays built a VC fund.
F|T: The FinTech Times – Stripe to power Shopify’s new business credit card
Plus: How the partnership between Apple and Goldman Sachs soured.
Part3 serves North American construction mega-projects. With new funding, “the vision is bigger”
Toronto startup has secured $2.8 million, backing from Levelset founder to streamline construction admin.