Toronto venture funding saw a “return to sanity” in 2022
Toronto tech startups raised a collective $3.7 billion through 154 deals in 2022.
layoffs
Canadian startup news of the week (3/05/23)
Plus: Canadian VCs had second highest year on record.
Lightspeed COO Brandon Nussey to depart in latest C-suite shakeup
The COO is the latest in a string of exec changes at Lightspeed.
How to build a diverse talent ecosystem for Canada
The race for tech talent is on, and it’s global.
Sonder lays off 14 percent of staff as it aims to become cash flow positive in 2023
Move marks Sonder’s second round of significant cuts since going public last year.
S|W: The SaaS Weekly – TikTok under investigation in Canada for data use
Plus: DOJ to block Adobe’s Figma deal?
Latest Alberta, BC budgets target talent shortage with otherwise minimal new tech investment
Industry stakeholders had hoped to see more for tech and SMBs.
Amazon climate tech fund backs Genecis to turn food waste into bioplastics
Amazon is exploring ways to use Genecis’ bioplastics in its own packaging.
Hootsuite follows Twitter lead as company ditches free plans
Twitter eliminating free API access is expected to have wide-ranging implications.
F|T: The FinTech Times – Canadian regulators tighten crypto rules as Dapper Labs cuts staff, faces class action
Plus: Ant profit falls 83 percent.
Government of Canada to launch $250 million initiative to train skilled workers
In record-tight labour market, feds aim to upskill workers for high-growth industries.
Canadian startup news of the week (2/26/23)
Plus: Canadian VCs had second highest year on record.
Dapper Labs cuts another 20 percent of staff while fending off class action suit
The move marks Dapper Labs’ second round of layoffs since November as it contends with declining NFT sales.
H|T: The Healthtech Times – Clinify’s mission to digitize African medical records
Plus: How Canada opened the door to for-profit virtual care.
OMERS Ventures enters 2023 with new playbook as firm looks to launch fifth fund this year
Unified global investment team the latest change in OV’s evolution.