OneVest secures $5 million to help companies like Neo Financial launch wealth management products
CEO: “What Stripe has done for payments, we’re doing for wealth.”
vancouver
Canadian startup news of the week (4/24/22)
Plus: Impression Ventures secures $64 million for fourth fund, continues to bet on seed-stage FinTech.
F|T: The FinTech Times – Canada’s crypto consolidation
Plus: Beanstalk cryptocurrency project robbed after hacker votes to send themself $182 million.
Amid WonderFi deal, Coinberry reaches settlement in Cinaport lawsuit following failed TSXV takeover
Cinaport to receive 3.1 million common shares in WonderFi.
H|T: The Healthtech Times – Dialogue leads to deals
Plus: Peloton’s plan to staunch bleeding: Slash Bike prices, raise subscription cost.
Responsive receives $3.5 million in Co-operators-backed Series A round for US, Europe expansion
Co-operators joins Responsive’s board of directors.
Cycle Capital, Demeter announce new $244.5 million CAD cleantech fund
The Montréal and European investors are focused on mitigating climate change.
Shopify makes strategic investment in US AI recommendation startup Crossing Minds
Crossing Minds plots Canadian expansion with new Toronto office.
BC venture funding starts 2022 strong, but are later-stage companies raising at yesterday’s prices?
VCs say price uncertainty creating a “standstill” between investors and late-stage firms.
WorkTango acquired by Texas-based Kazoo to scale employee experience platform
To innovate in HR tech, it takes two to WorkTango.
S|W: The SaaS Weekly – Atlassian outage outrage
Plus: Hootsuite appoints former Mailchimp exec as CPO.
A|I: The AI Times – Scale AI everywhere
Plus: Scale AI moves to scale supply chain AI startups with new funding, partnerships.
WonderFi to acquire Coinberry for $38.5 million in all-stock deal as Canada’s crypto space continues to consolidate
Kevin O’Leary-backed WonderFi will soon own two of Canada’s six registered crypto trading platforms.
H|T: The Healthtech Times – Oura breaks billion dollar ring
Plus: CloudMD, Think Research announce changes to executive suites.
Legible sees more execs depart in restructuring as company eyes private placement for liquidity
In recent weeks, Legible has laid off 23 employees and lost its CTO, CFO, CRO, and CPO.