Roach Capital closes $6.4 million CAD for first fund from prominent VCs, Shopify execs
Golden Ventures and partners from Tiger Global and Garage Capital also invested in the Shopify alum-led fund.
toronto
H|T: The Healthtech Times – Canadian biotech leader Clarissa Desjardins secures the bag
Plus: Peloton is cutting 20 percent of workforce as CEO steps down.
Hubdoc co-founders back eState Planner’s $1 million seed round
Divorcemate creator Mark Harris also participated in the financing.
Pinterest appoints Kristie Painting as Canada country manager
Painting joins after Pinterest expanded its Toronto office by 50 people last year.
Shopify shares drop following decelerated revenue growth, lowered guidance in Q4 2021
Shopify’s share price has dropped 18 percent following market open.
Properly begins Canadian expansion with move into Vancouver, Fraser Valley
CEO says Vancouver is a “great hub” to begin serving Western Canada.
A|I: The AI Times – Raquel Urtasun’s autonomous vehicle revolution
Plus: Toronto tech institute tracking long COVID with AI.
Cohere closes $125 million USD Series B round led by Tiger Global
Cohere plans to open new Palo Alto office led by Apple alum.
LifeSpeak to acquire digital fitness platform Wellbeats for up to $117.9 million CAD
Wellbeats would mark LifeSpeak’s largest acquisition to date.
S|W: The SaaS Weekly – 7shifts staffs up
Plus: Acquirers are circling Zendesk.
Following recent merger, Startup Montréal announces program to spur late-stage growth
The Government of Québec has committed $6.5 million to the program.
Former Wattpad employees close $300,000 to build relationship improvement app Couply
Couply’s investors include Wattpad co-founder Ivan Yuen, Shopify employees.
Canadian startup news of the week (2/13/22)
Plus: D-Wave looks to go public.
F|T: The FinTech Times – Bitcoin’s Bonnie and Clyde
Plus: Tories push Trudeau for plan to lure crypto investment.