H|T: The Healthtech Times – Deep Genomics adds life sciences veteran, Papa loses major contracts
Plus: Digital health, health IT funding slumped in Q2, but some bright spots remain.
layoffs
Waabi partners with Uber Freight to deploy its autonomous trucking tech
Waabi’s self-driving solution has already hit the road in Texas as part of 10-year agreement.
S|W: The SaaS Weekly – Salesforce begins restoring headcount after slashing 10 percent of staff
Plus: Plurilock finds gains in selling safety, Databricks raises $500M.
Canada’s emerging fund managers get a venture lifeline
Plus: Deep Genomics brings in life sciences veteran Brian O’Callaghan as CEO.
Properly founders exit as company and tech are sold in separate transactions
America real-estate giant Compass buys out Properly founders; unnamed Canadian firm acquires brokerage.
Cultivator hits $100M milestone as Conexus loses VC Sean O’Connor
Plus: How this multi-millionaire “pirate” entrepreneur kicked his self-destructive habits.
H|T: The Healthtech Times – Prognosis bankruptcy for Babylon, Imagia Canexia
Plus: Amazon threatened with legal action over sales of “unapproved” drugs.
CiteRight and fellow Canadian legaltech startup Jurisage ink deal to merge
Merger will combine CiteRight’s litigation-drafting platform with Jurisage’s AI tech.
Former Global Founders Capital partner launches Northside Ventures to back pre-seed Canadian entrepreneurs across North America
Northside has secured $6.25 million USD from Inovia, Intact, Bain, Golden Ventures, and Garage Capital, among others.
OMERS Ventures loses VC head in latest leadership turnover
Plus: Gambit Partners aims to take some risk out of early-stage investing.
Cancer-focused Imagia Canexia Health files for bankruptcy 18 months after merger
Oncology tech firm closed a $20-million round and led an $18-million Supercluster project in 2022.
AI, cleantech stay hot as mega-deals carry Canada to second-largest Q2 on record
Plus: MindBridge founder Solon Angel joins Fresh Founders as managing partner.
S|W: The SaaS Weekly – Ex-Salesforce VP claims company lied about data platform capabilities
Plus: Athennian navigates scaleup growing pains with layoffs, leadership changes.
Hopper continues embedded FinTech push with Air Canada partnership
FinTech offerings now represent half of Hopper’s app revenue.
Athennian feels growing pains as Coinbase looks to grow into a Canadian crypto leader
Plus: FinTech vertical sluggish as investors worry over economy.