A|I: The AI Times – DeepMind cracks biology’s biggest problem
Plus: Google Is Selling Advanced AI to Israel, Documents Reveal.
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FreshBooks secures $100 million USD debt facility from BMO, J.P. Morgan
With fresh funds, FreshBooks wants to continue global expansion, strategic acquisitions.
CFIN invests $338,000 into four Canadian projects related to food sector
Projects in this cohort range from an automated tempeh incubator to upcycling produce.
S|W: The SaaS Weekly – Microsoft stays rosy, Meta drops
Plus: Ex-Tungle, Foko employees pivot new startup to take on Evernote.
F|T: The FinTech Times – Clearco, Coinsquare cut staff as Portage launches new late-stage fund
Plus: Caisse needs to explain its risky bet on crypto lender Celsius.
Canadian startup news of the week (8/1/22)
Plus: Our podcast was nominated for an award.
Three Developer/Engineer/IT-related jobs available now
Manifest Climate, Valeyo, and TalentMinded are hiring right now.
Converge Technology secures $500 million loan to continue acquisition spree
Converge to continue acquisition strategy in North America, Europe.
Clearco cuts a quarter of staff amid “significant headwinds”
Clearco called the cuts “necessary” and “prudent.”
From seed to fork: building better food systems through impact investing
Sustainable food is about access and environmental impact.
Advertising tech startup Polar secures funding from Fort Point Capital, rebrands to Nova
Nova president: Polar pioneered the social display space.
H|T: The Healthtech Times – Amazon is buying into primary care with One Medical acquisition
Plus: Digital health investment is just cooling off after a scorching year.
Portage Ventures rolls out new late-stage FinTech fund, aims to raise up to $1 billion USD
Amid downturn, Portage sees chance to fund FinTech firms reluctant to take valuation hit.
Four Canadian companies selected for inaugural CB Insights Advanced Manufacturing 50 list
BenchSci, Vention among Canadian startups in the list.
Stadium Live scores $12.8 million CAD Series A to engage Gen Z sports fans
Stadium Live aims to build the “spatial version of Discord.”