Jobber closes $100 million USD Series D amid strong demand for home services
Jobber hit $100 million in revenue in 2022, but CEO still sees plenty of room to grow.
layoffs
F|T: The FinTech Times – CoinSmart, Coinsquare split leads to legal proceedings
Plus: PayPal to cut 2000 workers.
Canadian startup news of the week (2/5/23)
Plus: Raven Indigenous Capital Partners closes second fund.
Why I killed my startup
A one-on-one interview with the BetaKit Podcast’s co-host about what it takes to start—and end—a business.
S|W: The SaaS Weekly – Google slapped with antitrust suit
Plus: Activist investor takes big stake in Salesforce.
A|I: The AI Times – Tenstorrent swaps CEOs, DeepMind exits Edmonton
Plus: does Ottawa have the right plan to support an AI industry?
Lightspeed one-time net loss of $814.8 million USD sends Groundhog Day signal: six more weeks of tech winter
Lightspeed makes slight revenue gain but faces recessionary pressures in the marketplace.
Ada latest Canadian unicorn to make additional staff cuts
The layoffs come four months after Ada reduced its staff by 16 percent.
H|T: The Healthtech Times – Smile Digital Health nabs $30 million Series B
Plus: Amazon expands into pharmacy.
As Clearco and Wayflyer struggle, Paperstack secures $9 million in equity, debt to fuel pivot into e-commerce lending
Paperstack sees room to grow as larger players cut back amid economic headwinds.
R|T: The Retail Times – Shopify loses third C-Suite exec since September
Plus: Tiny Capital enters deal to go public.
OpenText closes $5.8 billion USD acquisition of Micro Focus, makes workforce reduction
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.
Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed restructuring
Software startup for remote teams pursuing federal contract after fundraising falls through, bank relationship sours.
RocketRez closes $20 million CAD Series B to fuel European tourism expansion
CEO: “We’re a little company in Manitoba taking on the world.”
F|T: The FinTech Times – Stripe’s path to IPO
Plus: Blockstream lands $125 million.