BetaKit’s most-read March stories show #CDNtech sector struggles continue as government innovation promises continue to lag
SVB’s collapse kicked off a month that included new layoffs, bankruptcies, and AI disruptions.
layoffs
Canadian startup news of the week (4/9/23)
Plus: Canadian crypto’s Bizarre Love Triangle.
H|T: The Healthtech Times – BC researchers have an AI model that predicts cancer survival rates
Plus: Toronto’s Hypercare sole Canadian startup selected for AWS healthcare
Unreserved dismisses portion of $25 million lawsuit against real estate associations as new regulations for open bidding expected
The lawsuit remains active against the Ottawa Real Estate Board.
VCCI-backed Kensington Capital Partners secures $158 million first close for third venture fund
Kensington becomes first VCCI-supported fund of funds to announce it has closed financing.
S|W: The SaaS Weekly – RenoRun’s “Hail Mary” deals fail to save it from creditor protection
Plus: 2023 Federal budget focuses on cleantech.
Felix expands into more complex categories of care following $18 million Series B
Healthtech startup targets moves into Québec, weight loss, therapy.
F|T: The FinTech Times – Canadian FinTech startups tired of open banking waiting game
Plus: Federal budget 2023 commits to cleantech, little else
Canadian startup news of the week (4/2/23)
Plus: RenoRun files for creditor protection.
S|W: The SaaS Weekly – Magnet shareholders ignore critics, back acquisition
How 1Password plans to build a passwordless future.
A|I: The AI Times – Bill Gates is blogging about AI now
Plus: Alberta gives $30 million to AI research.
After a tough year, Goodfood switches up CFO, promoting VP Roslane Aouameur
Aouameur’s strategic focus will be on profitability and positive cash flow.
R|T: The Retail Times – Washington prepares for war with Amazon
Plus: Rewind cuts staff as Shopify growth slows.
RenoRun files for creditor protection after failed pursuit of “Hail Mary” deals to save company from insolvency
The filing follows four attempts to raise bridge financing and multiple rounds of layoffs.
F|T: The FinTech Times – FreshBooks cuts 10 percent of staff to target profitability
Plus: Jack Dorsey’s Block accused of facilitating fraud.