After 10 years leading Tulip, Ali Asaria steps down as CEO
Tulip COO and president Ian Rawlins to replace Asaria.
layoffs
R|T: The Retail Times – Etsy and Bolt make cuts as revenue growth dips
Plus: Leav closes seed round for mobile self-checkout.
A|I: The AI Times – Critics skewer Fed’s AI consultations, Cohere co-founder wants to keep it simple
Startup founded by ex-Google Search team nears $2 billion valuation.
S|W: The SaaS Weekly – BlackBerry names new CEO, ditches spinout IPO plans
Plus: Vistara Growth Fund V sets target on enterprise software companies.
Montréal’s tech hub is in trouble, Waterloo Region goes grassroots
Plus: Why is the Start-up Visa program struggling?
Vistara Growth secures $200-million CAD initial close for fifth private credit fund
Vistara sees opportunity post-SVB as bank lenders, VCs pull back.
S|W: The SaaS Weekly – Why did SaaS VC stalwart OpenView shut down?
Plus: ContactMonkey secures $55-million Series A.
Cultivator has a new leader, Canadian FinTech leader has some new capital
Plus: Meet BetaKit’s new newsletter editor.
H|T: The Healthtech Times – New Spring Impact Capital fund targets early-stage healthtech startups
Plus: AbCellera decimates staff in biotech slump.
$86-million Series D extension has Koho targeting growth and profitability
Canadian challenger bank reaches one million users, $100-million run rate.
R|T: The Retail Times – Shopify’s Black Friday-Cyber Monday breaks records
Plus: Shein officially files for US IPO.
A|I: The AI Times – Sam Altman is back, Microsoft grabs a board seat, OpenAI plans governance changes
Plus: PASQAL commits $90 million to quantum initiative to DistriQ in Sherbrooke.
S|W: The SaaS Weekly – OpenText sells off mainframe business for over $2 billion USD
Plus: MaRS IAF returns and is ready to invest.
Montréal FinTech firms target payments with latest offerings
Both Flinks and Shakepay reveal new payment services for businesses and consumers.
F|T: The FinTech Times – Apple cuts Goldman’s card, Coinbase praises Canadian crypto regulation
Plus: Willow.ca acquired by rental platform Guiker.