Alberta tech is on track to outpace 2022 with lively Q2 2023
Alberta tech companies raised $123.8 million through six deals in the second quarter of 2023.
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DeFi company Wellfield inks deal to acquire crypto custodian Brane Trust
Canadian crypto consolidation continues with Toronto, Ottawa firms set to join forces.
H|T: The Healthtech Times – Ora Medical gets the BDC Bump
Plus: Halifax’s 3D BioFibR secures $3.52M for automated collagen fibre manufacturing.
Foxquilt raises $12 million to expand small business insurance solution in North America
Foxquilt uses data analytics and AI to match businesses with insurance products.
R|T: The Retail Times – Shopify looks for a Faire deal, Temu sues Shein
Plus: Bolt, ex-CEO Ryan Breslow face SEC probe.
Vital Biosciences reveals desktop blood-testing device with funding from OpenAI, Salesforce CEOs
After the bloody mess at Theranos, Vital is among the new wave of startups developing accessible diagnostics.
Sun Life Canada to acquire Dialogue Health Technologies
Dialogue will maintain its head office in Montréal and operate as a standalone entity as part of Sun Life Canada.
Waterloo Region deal volume has been tanking steadily since 2019. Could undisclosed deals be partly to blame?
Off-the-record raises may be painting an incomplete picture of the ecosystem, investor says.
A|I: The AI Times – Cohere partners with SAP, Apple preps “Apple GPT”
Plus: Meta, Google, OpenAI promise White House responsible AI development.
Long-time VP and product leader Satish Kanwar departs Shopify
Kanwar steps down 10 years after Shopify’s Jet Cooper acquisition.
Practice Better acquires That Clean Life for a healthy-sounding eight figures to continue expansion
An eight-year collaboration has ended in acquisition for the two Toronto healthtech startups.
S|W: The SaaS Weekly – What is Reddit CEO Steve Huffman doing?
Plus: Constellation Software acquires Optimal Blue, Vitruvi acquired by Bow River Capital.
Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
Funding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
Impact of Canada’s H-1B visa talent grab may go well beyond 10,000 applicants
Taking aim at “broken” US visa program was “best marketing Canada has ever done”: lawyer.
Liberum raises $1.8 million for ‘protein synthesis as a service’
The Toronto-based startup creates custom proteins for everything from medical applications to household products.