RenoRun files for creditor protection after failed pursuit of “Hail Mary” deals to save company from insolvency
The filing follows four attempts to raise bridge financing and multiple rounds of layoffs.
Montréal
Noze receives $1 million grant from Bill & Melinda Gates Foundation to build TB- and malaria-detecting breathalyzer
The startup’s digital odour perception platform was used during the COVID-19 pandemic.
Haply Robotics secures $4.8 million CAD seed round to develop tactile tech used for surgical training, gaming
Funds will go towards fine-tuning Haply’s Inverse3 device.
Ericsson sets up new quantum research hub in Montréal
Telecom tech provider has also partnered with University of Ottawa and Sherbrooke.
Paper acquires literacy tool Readlee to help curb pandemic-fuelled literacy crisis among children
Readlee was created by Harvard researchers and masters teachers.
After losing $10,000 in crypto, Staging Labs co-founder developing solutions to protect digital assets
Staging Labs secures $1.1 million to protect crypto wallets against scams, fraud.
Spark Microsystems raises $34 million to meet chip demand amid supply crunch
Spark aims to accelerate product development amid chip shortages and demand fluctuations.
Meta’s additional staff cuts further call into question Facebook parent’s Canadian hiring plans
Meta plans to shed 10,000 employees, scale back hiring in second major round of layoffs since November.
Synctera secures National Bank funding, partnership to bring banking-as-a-service platform to Canada
Synctera helps FinTechs build and launch compliant financial products debit and lending.
Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A
BDC Capital’s Thrive Venture Fund joined to lead the extension.
Lightspeed COO Brandon Nussey to depart in latest C-suite shakeup
The COO is the latest in a string of exec changes at Lightspeed.
Sonder lays off 14 percent of staff as it aims to become cash flow positive in 2023
Move marks Sonder’s second round of significant cuts since going public last year.
Paper acquires MajorClarity to add post-secondary planning into its K-12 platform
Deal comes after post-secondary enrollment reaches 10-year low.
AssistIQ raises $2.5 million CAD to cut down on medical waste in hospitals
AI platform tracks use of disposable medical devices, supplies for surgeries and common procedures.
CDPQ makes executive changes following Celsius investment write-off
Crypto winter chill touches more Canadian funds, startups.