SaaS companies in 2020 have raised one-fifth of 2019 numbers: report
Investments in software as a service (SaaS) companies reached $1.17 billion so far this year, only 22 percent of the $5.13…
Reports
Canadian procurement policies missing the mark for cleantech startups, says innovation council
Canada’s procurement incentives and policies are missing the mark for Canada’s high-growth cleantech startups, according…
Report: While proportion of women on boards increasing slowly, visible minorities still vastly underrepresented
Although the presence of women on the boards of some Canadian companies is slowly increasing, there is still a notable lack…
Supercluster funding $74 million behind schedule, according to new PBO report
The federal government’s Innovation Superclusters Initiative is far behind its spending goals, according to a new report…
Late-stage AI deals push Waterloo Region’s venture funding to five-quarter high in Q2 2020
Venture funding in the Waterloo Region reached $148.6 million in the second quarter of 2020, largely driven by large, late-stage…
BC venture funding keeps pace in Q2 2020 as deal volume continues downward trend
Tech companies in British Columbia (BC) continued to see consistent venture funding in the second quarter of 2020, despite…
Global survey finds diversity in tech has increased over the last decade, still not enough
More than half of people of colour working in tech globally have seen diversity increase in the last decade, according to a…
Montréal sets new funding record with two massive travel tech deals in Q2 2020
Following a strong start to 2020, Montréal tech companies raised a record $566 million in venture funding in the midst of…
Toronto venture funding lags behind Canada’s record-setting Q2 2020
Despite its historical prominence in Canadian tech, Toronto failed to contribute much to Canada’s record funding quarter.…
Canadian venture capital investment hits record in Q2 2020 despite COVID-19
Venture capital investment in Canadian companies hit a record high in the second quarter of 2020, much to the surprise of industry…
CFIB leads petition urging federal government to make changes to CEBA, CECRA, CEWS, CERB
A new online petition launched by the Canadian Federation of Independent Business (CFIB) is urging the federal government to…
Women-owned businesses suffering greater staff reductions due to COVID-19, report finds
During the COVID-19 pandemic, the percentage of women-owned businesses that have laid off 80 percent or more of their staff…
New survey reveals most popular federal COVID-19 support programs for businesses
The federal government’s Canada Emergency Commercial Rent Assistance (CECRA) program, aimed to help small businesses cover…
Lightspeed shows strong growth YoY, but revenues flat after COVID-19 quarter
Lightspeed POS has reported strong year-over-year growth as revenue and customer growth stayed flat due to the COVID-19 pandemic.…
VC deal volume sees slump in first half of 2020 amid COVID-19, CVCA finds
Venture capital and private equity deal volume fell in Canada during the second quarter of this year, as the COVID-19 pandemic…