BC government extends tax credit for digital media companies to cut employment costs
Minister of Innovation says tax credit will help nearly 250 companies in the province.
SaaS
Paper acquires literacy tool Readlee to help curb pandemic-fuelled literacy crisis among children
Readlee was created by Harvard researchers and masters teachers.
Shinydocs raises $16.25 million to make it easier to find buried files, media, documents
Shinydocs’ platform automates information management for organizations.
Vendasta acquires customer engagement platform Broadly
Deal marks an acceleration of strategic growth plans for both startups.
S|W: The SaaS Weekly – Qualtrics shopping for a private offer
Plus: How the Silicon Valley Bank shutdown might impact Canadian tech.
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.
Zenhub closes $10 million to make platform for managing software projects more accessible
Yaletown-backed Zenhub aims to take the silos out of software development.
Yaletown Partners hits $200 million final close for Innovation Growth Fund II
Yaletown saw four exits in 2022, including Tasktop, Circle Cardiovascular Imaging.
Web3 startup Helika closes $4 million seed round led by Diagram Ventures
Diagram: “We see Helika at the forefront of a rapidly evolving industry.”
Wattpad lays off 15 percent of workforce
Interim president says cuts come despite best efforts to limit economic impact.
Magnet shares independent advisor report recommending $1.8 billion acquisition as some shareholders push to halt deal
One of Magnet’s largest investors says $1.8 billion price tag “simply too low.”
S|W: The SaaS Weekly – Salesforce’s ‘one big family’ is showing cracks. Can Slack’s new CEO hold it together?
Plus: Not the first LastPass breach
Loopio, Reelhouse co-founders launch Barley to help make employee compensation easier, more equitable
Golden Ventures-backed Barley has raised $5.4 million CAD to date.
S|W: The SaaS Weekly – TikTok under investigation in Canada for data use
Plus: DOJ to block Adobe’s Figma deal?
Hootsuite follows Twitter lead as company ditches free plans
Twitter eliminating free API access is expected to have wide-ranging implications.