Kirk Simpson, Peter Carrescia team up to raise $6.5 million CAD with an idea to disrupt the digital identity space
OMERS, Wittington, and Round13 have all backed Qui Identity.
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R|T: The Retail Times – Shopify’s bet didn’t pay off
Plus: Has the scooter boom finally gone bust?
A|I: The AI Times – DeepMind cracks biology’s biggest problem
Plus: Google Is Selling Advanced AI to Israel, Documents Reveal.
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 â 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.