CVCA: Canadian venture capital continues to fall back to pre-pandemic levels
Canadian trends are in line with the US and global results.
toronto
A|I: The AI Times – At I/O, Google makes up for lost time
Plus: Bessemer and SoftBank bet big on AI.
Bloom raises $7 million to make applying for reverse mortgages easier
Bloom combines the use of an online registration form and live customer service.
Alberta’s tech sector remained resilient in first quarter of 2023
Jobber’s megadeal pushed venture funding over $200 million in the first three months of the year.
F|T: The FinTech Times – Binance set to leave Canada in face of new regulation
Plus: Float launches a new corporate card on back of new growth.
Small business banking platform Vault launches with backing from Google’s Gradient Ventures
Vault’s co-founders have previously worked at Revolut, Koho.
Québec attracted more venture funding than any other Canadian region in Q1 2023
Québec startups raised a cumulative $317.3 million in Q1 2023.
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.