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.
vancouver
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.
LayerZero Labs reaches $1 billion valuation in round backed by Sequoia Capital, Andreessen Horowitz
Tom Brady, Justin Timberlake, crypto leaders like Dapper Labs invested in the $135 million round.
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.
Clearco commits to Dublin with $164.4 million CAD earmarked for Irish startups
Clearco’s Dublin hub will back the company’s broader European expansion.
Following 2021 losses, Thinkific to lay off 100 employees
Layoffs to impact one-fifth of Thinkific’s 499-person team.
Meta to hire up to 2,500 workers in Canada, open engineering hub to build metaverse
Meta said Toronto will play an important role in creating the metaverse.
Canadian startup news of the week (3/27/22)
Plus: How NFTs might change music and gaming.
F|T: The FinTech Times – Leader sets the pace
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Terramera, Ekona Power, and Active Impact Investments winners at 2022 BC CleanTech Awards
Other winners include a partner at Pangaea Ventures; Jonathan Wilkinson, federal minister of natural resources.
2022 Narwhal List tracks Canada’s unicorn explosion
With a rising number of Canadian unicorns, Narwhal List shifts focus to fast-scaling companies.
Larger rounds, US dollars fuelled Canadian tech’s record-shattering 2021
US investment firms outnumbered Canadian investment firms in Series A, B, C deals.
WonderFi clears regulatory hurdles, set to close acquisition of registered crypto marketplace Bitbuy
CEOs think deal could mark step towards crypto consolidation, DeFi regulation.
Mogo launches venture arm following mixed Q4 with record revenue, large net loss
Mogo attributes most of loss to drop in value of Coinsquare warrants.