R|T: The Retail Times – Hopper makes deep staff cuts, pulls back from Asia to pursue profitability
Plus: Canada looks at limiting number of Airbnbs to free up rentals.
layoffs
Vendasta closes $20-million Series E to fund acquisitions, converts existing debt into equity
Foundry partner Brad Feld joins board, sees Vendasta as a “natural consolidator” of B2B SaaS firms.
S|W: The SaaS Weekly – Cardata gears up with new funding, BlackBerry plots connected-car split
Plus: Qualtrics lets go of 780 workers.
F|T: The FinTech Times – Canada’s open banking lead extends his term as delays continue
Plus: Clearco recapitalizes, WonderFi eyes Nasdaq.
Ecosystem fears SDTC funding gap, FinTechs rally against open banking delays
Plus: Hugging Face’s Sasha Luccioni on tracking the ethical and environmental impacts of AI.
H|T: The Healthtech Times – Andre De Grasse is in a race to fund health startups
Plus: VC interest in fertility continues with $20M Series A for Pollin.
Pine acquires Properly to capture more of the Canadian home-buying process
Digital mortgage firm aims to build the former proptech into Canada’s top real estate website.
R|T: The Retail Times – Shopify takes stake in Faire as company discourages employee side hustles
Plus: Instacart quickly loses its IPO gains.
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.
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.