F|T: The FinTech Times – A Clearco co-founder resigns as CEO, again
Plus: the end of an era for crypto’s pseudo-banks.
layoffs
Investor liquidity issues are putting the squeeze on Canadian startups
In the worst tech downturn in more than a decade, some LPs aren’t honouring capital calls from Canadian VCs. It’s killing…
Canadian startup news of the week (1/22/23)
Plus: Vidyard eyes $1 billion in revenue.
Front-end, back-end, full-stack developers needed across Canada
Clio, Busbud, Ceridian, and Global Relay all looking to hire.
H|T: The Healthtech Times – Carbon Health cuts staff, closes $100M
Plus: LeanTaas and Hospital IQ join forces.
S|W: The SaaS Weekly – The best places to work in Canada are US SaaS companies
Plus: Supply Vision acquired for $16 million.
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.”
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.