Canadian startup news of the week (5/14/23)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
layoffs
“A new bottom”: Toronto and Waterloo Region venture funding fell short in first quarter of 2023
Toronto’s venture funding dropped 94 percent year-over-year.
S|W: The SaaS Weekly – 1Password’s CEO responds to Google’s “tipping point”
Plus: Will BlackBerry make it to the BlackBerry movie release?
R|T: The Retail Times – Shopify sheds staff, offloads logistics business to focus on “main quest”
Plus: RenoRun halts operations as it pursues asset sale.
Canadian startup news of the week (5/7/23)
Plus: Canadian Q1 VC investment falls 82 percent from last year.
Bell to acquire Montréal cloud services provider FX Innovation
Bell posted an 88 percent decline in free cash flow since the first quarter of 2022.
Shopify cuts 20 percent of staff, announces sale of logistics division
“There’s no way to make this good news,” Shopify CEO tells employees in company letter.
S|W: The SaaS Weekly – Inside the Salesforce slowdown
Plus: After Canadian pilot, Google expands cloud accelerator to US startups.
“Godfather of deep learning” Geoffrey Hinton quits Google to warn against dangers of AI
Hinton left his decade-long tenure at Google to speak openly about new AI fears.
Canadian startup news of the week (4/30/23)
Plus: OneEleven reborn, Neo Financial embedded, Pillar & Billi ended.
Banking apps Pillar and Billi shut down as funding dries up for FinTech businesses
Venture funding for FinTech startups in Canada plummeted by 70 percent in 2022.
S|W: The SaaS Weekly – Certn targets global expansion, Huawei builds Oracle replacement
Plus: Salesforce is working on new generative AI-driven workflow tools.
Reddit says Canada one of its largest and most key markets globally
Canada represents Reddit’s third-largest market after the US and UK.
Canadian startup news of the week (4/23/23)
Plus: BDC launches $150M sustainability fund.
Certn targets global expansion of background check tech with $30 million USD Series B extension from EDC
M&A key part of Certn’s strategy as it looks to expand in Europe, Africa, Asia.