Canadian startup news of the week (9/11/22)
Plus: Panache closes $100 million for second fund to double down on seed-stage startups.
layoffs
Canadian tech is (still!) hiring
A sign of ecosystem maturity or that downturns only exist when engineers get laid off, too?
H|T: The Healthtech Times – Telus has its Lifeworks
Plus: More layoffs hit healthtech.
Shopify swaps CFO, COO amid financial downturn
CFO to exit following third quarter earnings report.
A|I: The AI Times – This AI won top prize at the state fair
Plus: Five months in, details on Canada’s new Innovation and Investment Agency remain sparse.
S|W: The SaaS Weekly – 1Password shuffles C-suite as Snap lays off 20% of employees
Plus: Snap lays off 20% of employees.
F|T: The FinTech Times – Clearco comes home, Klarna’s losses triple
Plus: Ticketmaster taps Flow Blockchain to allow organizers to issue NFTs along with tickets.
Canadian startup news of the week (9/5/22)
Plus: Clearco hands overseas business to Outfund.
Shopify plans to contest $40 million Express Mobile patent infringement verdict
Express Mobile has also sued Google, Meta, and Amazon for infringing its patents.
Thoughtwire, Finaeo make staff cuts as Canadian tech continues to face economic headwinds
Both companies are staying mum on the number of employees cut.
Clearco hands overseas business to Outfund to focus on North American market
The market exit comes less than a year after Clearco began expanding its international operations.
S|W: The SaaS Weekly – OpenText has a Micro Focus
Plus: Vendasta, Q4 make layoffs.
Canadian startup news of the week (8/28/22)
Plus: How GrowthX found product-market fit across Canada’s accelerators.
Flow Ventures partner Bryan Watson lands at Venbridge as SVP of business development
Watson will use his expertise in SR&ED credits to attract more business.
H|T: The Healthtech Times – AlayaCare makes cuts as revenue doesn’t follow “aggressive investment”
Plus: Nurses say Amazon’s ambitions clash with health best practices.