After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
layoffs
Lightspeed to lay off 300 employees as it targets “profitable growth”
Lightspeed says layoffs aim to streamline operations, “unify” acquisitions.
Canadian startup news of the week (1/15/23)
Plus: Coinsquare breaks up with CoinSmart, courts WonderFi?
Clearco CEO Michele Romanow steps down as company cuts almost 30 percent of staff
Andrew Curtis now CEO as company hopes latest exec change will lead to cash flow break-even in 2023.
A Web3 vibe check with Round13’s Satraj Bambra
Pick your poison, but 2022 was not a great year for digital assets.
Properly pivots away from home sale guarantee as real estate market dips
Company attributes shift to “unprecedented volatility in the Canadian housing market.”
R|T: The Retail Times – Shopify targets enterprise retail with new commerce stack
Plus: Amazon plans more layoffs.
S|W: The SaaS Weekly – Salesforce latest Big Tech company to make cuts in Canada
Plus: ApplyBoard swaps CEOs.
H|T: The Healthtech Times – Watson Health up for sale…again
Plus: Amazon’s One Medical deal moves forward.
Glassdoor names Google, Microsoft, Salesforce among best 25 places to work in Canada
Thomson Reuters, Levio, only Canadian tech firms on the list.
GoBolt lays off five percent of staff shortly after $75 million raise, citing worsening consumer demand
With cuts, GoBolt shifts focus away from SMBs to mid-market, enterprise merchants.
Coinsquare moves to terminate CoinSmart acquisition deal
CoinSmart CEO says notice took company “by surprise.”
F|T: The FinTech Times – TikTok plots push into payments
Plus: Vancouver NFT startup acquired by Tokens.com
Canadian startup news of the week (1/8/23)
Plus: BetaKit is hiring.