Clearco secures new equity financing from existing investors and asset-backed facility as struggling financier recapitalizes
Inovia, Founders Circle double down on Clearco with SVB debt buyback, $60-million Series D.
layoffs
S|W: The SaaS Weekly – Summertime Sadness for Saskatoon software startups
Plus: 1Password has a president.
F|T: The FinTech Times – Wealthsimple partners with Interac, Luge Capital is ready to cut cheques
Plus: Neo Financial, Float headline LinkedIn top startups list.
Neo, Float, Cohere top startup list, Luge tops up new FinTech fund
Plus: AI regulation is coming but Tobi Lütke is not “EFRAID”
Loop Energy lays off majority of staff, citing challenging capital market conditions
Hydrogen fuel cell firm terminates 84 employees, shuts China office.
Raquel Urtasun reunites with Uber in autonomous trucking partnership
Plus: 1Password hits $250M ARR on the back of B2B growth.
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.
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.