Canadian startup news of the week (4/03/22)
Plus: Meta to hire up to 2,500 workers in Canada, open engineering hub to build metaverse.
toronto
Athlete Tech Group aims to demystify tech for Black youth with second Tech Summit Black
After “sparking curiosity” in 2021, second summit wanted to help Black youth build tech skills.
Citylitics closes $6.2 million CAD to help companies spot public infrastructure sales opportunities
After building presence in transportation, Citylitics plans to move into new verticals like power.
H|T: The Healthtech Times – Jane Wang is on a mission
The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using…
FutureFit AI raises $5.7 million to scale career navigation platform
JPMorgan Chase, Acumen America co-led the round.
Acquisitions propel Well Health to record revenues, profits in 2021
Well Health Posts adjusted gross profits of $153.7 million CAD for 2021
Thinkific CEO describes layoffs as effort to preserve cash amid tough capital-raising environment for public companies
Company’s share price has risen 13 percent since layoffs were announced.
Evok Innovations targets cleantech investments with first close of $300 million USD Fund II
LPs in Fund II include Export Development Canada, RBC, and TD.
With Series A funding, Manifest Climate can scale approach to helping companies see climate change as a strategic issue
The $30 million round will help Manifest reach new markets.
PocketHealth secures $20 million CAD to put medical records in US patients’ pockets
PocketHealth wants to help users access, share, and understand medical imaging.
R|T: The Retail Times – Wealthsimple goes shopping
Plus: MaxSold raises $16.1 million to expand online auctioning platform.
Canadian startups in Y Combinator tie all-time high at Winter 2022 Demo Day
For the second time, 16 Canadian startups participated in a YC cohort.
Bonsai closes $21 million to scale embedded commerce solution for publishers like BuzzFeed, Vox
CEO says focus on net-new GMV sets Bonsai apart from competition in the checkout field.
A|I: The AI Times – Ford to the future
Plus: NYT calls Toronto a “quietly booming tech town.”
Following 2021 losses, Thinkific to lay off 100 employees
Layoffs to impact one-fifth of Thinkific’s 499-person team.