As crypto crashes, WonderFi closes deal to acquire another regulated crypto trading platform in Coinberry
CEO describes collapse of unregulated crypto lenders as WonderFiâs âthesis playing out in real time.â
layoffs
R|T: The Retail Times – Clutch, StockX, Weee! cut staff, WanderJaunt closes, Enjoy files for bankruptcy
Plus: Tablz closes $3.2 million CAD to bring premium seating to the restaurant industry.
Electric toothbrush startup Bruush files to go public on Nasdaq with $17.25 million IPO
Bruush agreed to pay Kevin Hart a fresh $1.5 million to be a celebrity endorser.
F|T: The FinTech Times – Klarna and Stripe’s valuations drop, Three Arrows in free-fall
Plus: Coinbase providing âGeo Tracking Dataâ to ICE.
Canadian startup news of the week (7/3/22)
Plus: Canadian tech companies expand support for US employees in wake of Roe v. Wade ruling.
R|T: The Retail Times – Market downturn hits Ritual, Bonsai, Sonder
Plus: Amazon is running out of people to hire.
US companies Avanade, Nautical Commerce, Twilio, Dealpath plot Canadian expansions
All four plan to conduct a hiring spree amid a growing number of global tech layoffs.
Clutch cuts staff to extend runway, citing market conditions
The layoffs follow a $100 million Series B secured in 2021.
Tablz closes $3.2 million CAD to bring premium seating to the restaurant industry
Tablz wants to monetize restaurant tables like airplane seats.
F|T: The FinTech Times – Crypto abandons Collision
Plus: Jeeves launches venture capital alternative for startups.
Canadian startup news of the week (6/26/22)
Plus: Faire, ApplyBoard, 1Password says downturn won’t slow growth.
After raising over $1 billion USD in the last year, Faire CTO says startup is poised for growth during market downturn
Despite present conditions, Faire hasnât paused or slowed hiring, or made any layoffs.
Ritual lays off 16 percent of staff to “prepare for a recession”
As prospect of recession looms amid rising inflation, Ritual has laid off 23 employees.
Shopify employees told hiring will slow at town hall
E-commerce giantâs staff told to gird their loins.
With crypto under water, Ripple makes a splash announcing first Canadian office in Toronto
Startup plans to open engineering hub, hire 50 to start.