Canadian startup news of the week (2/20/23)
Plus: a $700 million new commitment to innovation clusters.
layoffs
Canadian software engineers wanted at these startups
Frontend, backend, full-stack developers needed.
BBTV secures $21.6 million CAD loan to pay off overdraft facility
“We have also allocated additional cushion to help withstand future macroeconomic uncertainty.”
S|W: The SaaS Weekly – Fight brews over Magnet Forensics acquisition deal
Plus: Jobber secures $100 million.
H|T: The Healthtech Times – Garmin expands Alberta presence
Plus: Three Atlantic Canadian healthtech startups gear up for growth.
Report: investment in Canadian FinTech dropped almost $6 billion USD in 2022
But overall investment was still bigger than 2020.
R|T: The Retail Times – Ssense failed to notify government of its cyberattack
Plus: eBay to lay off 4 percent of work force.
Canadian startup news of the week (2/12/23)
Plus: Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition.
As unregulated crypto players collapse around the world, Netcoins expands into the US
Canadian firm aims to offer “compliant” alternative to unregistered US exchanges.
R|T: The Retail Times – Amazon facing antitrust, slower growth
Plus: Lightspeed layoffs Groundhog Day
H|T: The Healthtech Times – Spotify founder takes on healthcare
Plus: Manitoba’s sleep test backlog solution.
Shopify unveils new features for shopping app, fulfillment network in latest products update report
Shopify focused on expanding its fulfillment network and Shop app.
Koho lays off 14 percent of staff
CEO claims cut doesn’t extend runway, but will support growth efforts.
S|W: The SaaS Weekly – Big Tech discovers austerity
Plus: OpenText acquires Micro Focus.
Garmin Canada to expand Alberta presence, hire for 200 STEM jobs
Garmin’s Canadian expansion comes as other Big Tech companies are cutting back.