Down rounds in 2022 lower than expected amid reliance on bridge financing: Osler report
More firms rely on bridge financing to extend cash runway as they aim for later, higher valuations.
layoffs
AutoLeap gears up for growth with $40 million CAD Series B
As a recession looms, AutoLeap and the car repair shops it serves stand to benefit.
F|T: The FinTech Times – Canadian crypto’s Bizarre Love Triangle ends in three-way merger
Plus: Bob Lee, creator of Cash App, stabbed to death.
BetaKit’s most-read March stories show #CDNtech sector struggles continue as government innovation promises continue to lag
SVB’s collapse kicked off a month that included new layoffs, bankruptcies, and AI disruptions.
Canadian startup news of the week (4/9/23)
Plus: Canadian crypto’s Bizarre Love Triangle.
H|T: The Healthtech Times – BC researchers have an AI model that predicts cancer survival rates
Plus: Toronto’s Hypercare sole Canadian startup selected for AWS healthcare
Unreserved dismisses portion of $25 million lawsuit against real estate associations as new regulations for open bidding expected
The lawsuit remains active against the Ottawa Real Estate Board.
VCCI-backed Kensington Capital Partners secures $158 million first close for third venture fund
Kensington becomes first VCCI-supported fund of funds to announce it has closed financing.
S|W: The SaaS Weekly – RenoRun’s “Hail Mary” deals fail to save it from creditor protection
Plus: 2023 Federal budget focuses on cleantech.
Felix expands into more complex categories of care following $18 million Series B
Healthtech startup targets moves into Québec, weight loss, therapy.
F|T: The FinTech Times – Canadian FinTech startups tired of open banking waiting game
Plus: Federal budget 2023 commits to cleantech, little else
Canadian startup news of the week (4/2/23)
Plus: RenoRun files for creditor protection.
S|W: The SaaS Weekly – Magnet shareholders ignore critics, back acquisition
How 1Password plans to build a passwordless future.
A|I: The AI Times – Bill Gates is blogging about AI now
Plus: Alberta gives $30 million to AI research.
After a tough year, Goodfood switches up CFO, promoting VP Roslane Aouameur
Aouameur’s strategic focus will be on profitability and positive cash flow.