Canada’s emerging fund managers get a venture lifeline
Plus: Deep Genomics brings in life sciences veteran Brian O’Callaghan as CEO.
layoffs
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.
H|T: The Healthtech Times – Ozempic maker Novo Nordisk buys Montréal’s Inversago for $1 billion
Plus: US Senator questions ethics of Google’s Med-PaLM 2.
R|T: The Retail Times – Amazon reduces private-label operation as it battles costs, regulators
Plus: FinTech platforms are leaning more heavily on buy now, pay later.
A|I: The AI Times – Stability AI’s lead threatened by key departures, CEO concerns
Plus: OpenAI launches webcrawler as Zoom promises it won’t use your videos to train AI tools.