Toronto software companies Top Hat, Loopio, Wattpad make layoffs
Trio downsizes for second time in past year as tech cuts continue into 2024.
SaaS
SumoQuote acquired by Utah-based roofing software firm JobNimbus
SumoQuote will continue to operate out of its Calgary office.
Inovia report indicates Canadian software sector is returning to normal
Canadian VC funding bounced back from an annual decline in Q4 2023 more aggressively than other countries.
Palisade closes $1.5 million CAD, launches email deliverability score tool
Startup aims to get emails to more inboxes, fewer spam folders.
Sports content startup STN Video acquired by Minute Media
Victoria startup’s platform distributes video content from major sports leagues.
S|W: The SaaS Weekly – The “mother of all breaches” and more layoffs at Salesforce
Plus: The Vancouver startup partnering with Napster (in 2024).
The war against tech enshittification
This is why we can’t have nice things.
Spellbook secures $27-million CAD Series A to scale “AI copilot for lawyers”
The legaltech’s generative AI offering aims to help lawyers review and draft contracts.
Beatdapp unveils $22.9 million CAD, partnerships with Universal Music Group, SoundExchange, Napster
Startup offers fraud protection tech to the music industry.
S|W: The SaaS Weekly – NowVertical’s boardroom drama spills into the public
Plus: 7shifts cuts 19 percent of staff in new layoffs to start 2024.
These three Canadian tech unicorns are hiring
1Password, Trulioo, Shopify are all looking to beef up their sales teams.
7shifts cuts 19 percent of staff in new layoffs to start 2024
This marks the restaurant software firm’s second workforce reduction in four months.
Software acquirer Valsoft closes $229 million CAD in growth financing
Montréal consolidator claims its business has more than doubled in the last two years.
Vistara Growth bets on two US-based supply chain software companies
Vistara Growth recently closed $200 million for its fifth private credit fund.
MindBridge headlines slew of #CDNtech companies making executive leadership changes
ActiveState, Acuity Insights, AnalytixInsight, Volaris Group, Flashfood also named new CEOs just this week.