Canadian tech unicorns Ada, Clio, Lightspeed among first cohort of Canada’s Global Hypergrowth Project
Canada aims to take companies from $1-billion ‘unicorn’ valuation to $1-billion in annual revenue.
layoffs
These two Canadian cities added 115,000 tech jobs in the last five years
Plus: BC and Toronto venture funding bounced back in Q2 2023.
Bold Commerce reveals product that allows retailers to add checkouts to video and email
CEO says Checkout Unleashed eliminates “middleman” product pages.
Toronto and Montréal added the most tech jobs in Canada in the last five years: Report
Ottawa’s tech talent concentration is higher than San Francisco’s Bay Area, CBRE says.
Here’s how much Canada’s top public tech company CEOs were paid last year
Shopify, OpenText, Telus, CGI, Descartes Systems Group, and Constellation Software all made the list.
F|T: The FinTech Times – WonderFi completes three-way merger in landmark Canadian crypto deal
Plus: Dapper Labs makes third round of layoffs, Revolut loses $20M to theft.
Canada attracts 30,000 tech workers, BDC wants Thrive co-investment partners
Plus: Shopify is building entrepreneurs an AI Sidekick.
S|W: The SaaS Weekly – Dye & Durham accuses startup rival of ripping off its software
Plus: Vantage Circle and Eventcombo are moving HQs to Calgary.
F|T: The FinTech Times – Binance unravelling, Kraken founder investigated by FBI
Plus: Mastercard’s new AI tool helps British banks tackle scams.
Restructuring is here for Canadian startups as VC funding dries up
Plus: Two global SaaS firms relocate HQs to Calgary.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
H|T: The Healthtech Times – Iodine Software teams up with OpenAI on AI tech for hospitals
Plus: DOJ charges 78 in sweeping $2.5B healthcare fraud takedown.
R|T: The Retail Times – Amazon faces FTC antitrust case and free returns backlash
Plus: Meet the Shopify Ventures portfolio.
PacifiCan invests nearly $23 million in BC cleantech, zero-waste projects
Saltworks, MintList, and Novarc Technologies all receive funding for expansion and commercialization.
Shakudo closes $9.5-million CAD Series A to help companies adopt generative AI
GreatPoint-backed Shakudo is led by AI experts from Georgian, Borealis AI, and BMO.