Information VP forgoes fourth fund in favour of SPV-style investing
GPs attribute change to VC market conditions and personal factors.
FinTech
Feds announce $4 million for Atlantic Canada tech startups through ACOA
Eight of the 10 startups are Nova Scotia-based, including Milk Moovement and UpBeing.
atVenu secures $130 million USD to fuel expansion into new live events markets
Sole investor Sixth Street Growth also participated in Clio’s $1.24-billion CAD Series F round earlier this year.
Flora Fertility closes $1.5 million CAD to bring individual fertility insurance across North America
Insurtech startup led by repeat founders plans to launch in the US next year, with Canada to follow.
Elevate FinTech speakers tout need for customer-centric innovations
Deputy Minister of Finance says “we need to recalibrate our levers” regarding banking innovation.
Can Wealthsimple build Canada’s largest financial institution?
Ten years in, Wealthsimple is profitable with $50 billion in AUA. What comes next?
Koho secures $190 million CAD in equity and debt to bolster banking licence efforts
CEO said he’s not betting the company on banking licence at Elevate.
Loss of DoorDash partnership prompts Payfare share price plummet and strategic review
Shares dropped more than 75 percent Friday after news that firm’s largest customer would not renew its contract.
Propel Holdings to acquire UK-based QuidMarket for $95.9 million CAD
Company sees the UK as potential beachhead for expanding into the European market.
Stripe opens new Toronto office with plans to hire 50 team members
The new space opened three years after Stripe first established a physical presence in Toronto.
With Nmbr, former Humi execs want to power embedded payroll products across Canada
Startup is backed with $7.6 million CAD from Panache, Luge, Golden, and Motivate.
Months-long dispute between Bitfarms and Riot Platforms draws to a close as companies reach settlement
Board member Andrés Finkielsztain steps down as Riot withdraws bid to reshuffle Bitfarms board.
Koho set to launch line of credit offering through partnership with Propel Holdings
FinTech startup to roll out bank-like offering as it attempts to become a licenced bank.
Two years after pivot to international financial management, Loop has processed over $1 billion in payments
Returning investors Mistral Ventures and Graphite Ventures among group behind $6.4-million CAD seed extension.
AI startups dominate latest Google for Startups Accelerator’s Canadian cohort
Ten of the 14 startups in the latest cohort claim to be using AI or machine learning as part of their core offering.