Why Sampler failed, according to its founder
Marie Chevrier Schwartz explains how her company lost product-market fit after a decade in business.
Ontario
Iconiq reportedly buyer of $100-million worth of Wealthsimple employee shares
Wealthsimple confirms secondary deal values Toronto FinTech firm at $5 billion.
Following Québec launch, NotaryPro brings notarization services to Staples Canada
Startup claims it can provide document notarization in just seven minutes.
Elon Musk-owned Neuralink receives permission to recruit for Canadian medical trial
Toronto Western Hospital is the exclusive Canadian surgical site for the experimental brain implant.
Noble closes $15-million USD Series A to fuel growth of its digital asset issuance platform
Web3 startup aims to help stablecoin issuers after the “carnage” wrought by Terra’s 2022 collapse.
TechTO acquires Peerscale to broaden support for later-stage tech entrepreneurs
New CEO Marie Chevrier Schwartz sees Peerscale as the “graduating class of the TechTO ecosystem.”
Insurance giant Intact scoops up home maintenance startup Jiffy
Deal expected to expand Jiffy’s service to more Canadian markets.
Sonaro, Celestra, Oasis Learning AI among competition winners at SAAS NORTH 2024
Startup winners collectively took home more than $600,000 from the conference.
Federal government reinvests in Scale-Up Platform with $47.5 million commitment to Invest Ottawa, MaRS, and Communitech
Scale-Up Platform offers regionally tailored programming for entrepreneurs in high-growth sectors.
The state of Canadian software in 2024
Inovia’s Chris Arsenault came to SAAS NORTH armed with data and perspective.
University of Waterloo’s Velocity moves out of the Garage & into the Arena
Six years in the making, UW’s startup incubator has a new home in the Innovation Arena.
Power marks up value of stake in Wealthsimple beyond 2021 peak
Hike to $2.2 billion reflects rise in public markets, Wealthsimple’s performance, and an upcoming secondary deal.
Richa Mehta joins Radical Ventures as San Francisco-based partner
AI-focused VC firm launched a new $800-million USD growth fund in August.
Clio boosted Canadian VC investment in Q3 2024, but early-stage funding reaches “worrisome” low
Late-stage funding also faltered, accounting for a record low 21 percent of total investment dollars in Canada.
1Password alters leadership with David Faugno appointed co-CEO alongside Jeff Shiner
Faugno was tapped to serve as the company’s first-ever president and COO last year.