Canadian startup news of the week (10/10/22)
Plus: Meet the Google alumn joining Lightspeed.
vancouver
Canada Drives fuels up with $10 million extension to support growth amid economic headwinds
Despite scaling back hiring, co-CEO says Canada Drives is in “a strong position.”
S|W: The SaaS Weekly – Topping LinkedIn’s top startups list
Plus: Fidelity cuts Hootsuite, ApplyBoard valuations.
Smart business card startup Ovou wins $110,000 at 22nd New Ventures BC competition
New Ventures BC gave out a cumulative $250,000 in prize money across eight winners.
Three companies hiring Canadian tech talent right now
Array, Scotiabank, and Valeyo are hiring right now.
Toronto-Waterloo rises, Calgary and Montréal ecosystems to watch in Startup Genome’s global FinTech rankings
Vancouver cracks top 10 ecosystems with a population of less than three million.
Infosys boosts Calgary hiring plans as it looks to double Canadian workforce to 8,000 employees
As Calgary office opens, Infosys commits to bringing 1,000 jobs to the city by 2024.
F|T: The FinTech Times – Competitive intensity
Plus: Amazon, Square launch BNPL in Canada.
Is Real Ventures done? Is BDC just getting started?
Big #CDNtech news leads to bigger questions.
Trulioo to cut up to 10 percent of staff, exit small business market
Vancouver-based unicorn plans to focus on medium and large enterprises.
Amazon, Square launch buy now, pay later options in Canada
Amazon, Square join growing number of BNPL solutions in Canada.
D2C travel lifestyle brand Monos closes $40.2 million CAD Series B round
After recording no revenue when the pandemic hit, Monos quickly pivoted to sterilization.
WELL Health among few tech companies to crack TSX30 amid sector downturn
Last year’s top performing companies included the likes of Shopify and Goeasy.
Indigenous venture firm Raven Capital eyes US market as it secures $46 million for second fund
Fund II LPs include BDC Capital, Telus Pollinator Fund for Good, Vancity, Bank of America.
With $20 million, Goldsky aims to make blockchain data easy to use
Plaid founders Zach Perret and William Hockey invested in Goldsky.