Federal government reveals breakdown of $700 million renewed commitment to Innovation Clusters
Renewed funding follows previous lobbying efforts to increase investments into clusters.
SaaS
WFHomie acquired by Houston’s GoCo to create all-in-one HR platform
WFHomie was the first investment out of Ryan Holmes and Manny Padda’s fund LOI Venture.
GreenSky expands team, secures $17 million first close of Fund V as firm sees opportunity amid the downturn
“When you get that kind of volatility … that’s when you get the best opportunities.”
Thinkific, WonderFi, VerticalScope face leadership changes following layoffs
Canadian tech companies hit with executive exodus amid sector downturn.
Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition by Thoma Bravo
Magnet Forensics shareholder contests deal; independent Magnet directors push back.
GSoft acquires Didacte to bolster employee engagement software suite
GSoft said this marks the beginning of more acquisitions.
Raven.ai aims to address supply chain issues following $12 million USD Series A
“We believe Raven’s solution will play a key role in engaging these frontline teams.”
RBC acquires Canadian operations of US proptech startup Ojo
Deal comes amid cooling housing market that has impacted homebuyers and proptech startups alike.
S|W: The SaaS Weekly – Big Tech discovers austerity
Plus: OpenText acquires Micro Focus.
Jobber closes $100 million USD Series D amid strong demand for home services
Jobber hit $100 million in revenue in 2022, but CEO still sees plenty of room to grow.
Alphabet commences Canadian layoffs
The cuts are part of Alphabet’s previously announced 6% staff reduction globally.
Shopify invests in US-based e-commerce analytics aggregator Triple Whale
Triple Whale helps Shopify merchants unify business metrics into one dashboard.
Hippoc announces $3 million to help marketers test ad campaigns using neuroscience
Hippoc’s web-based platform can predict the cognitive impact of an ad before it goes live.
S|W: The SaaS Weekly – Google slapped with antitrust suit
Plus: Activist investor takes big stake in Salesforce.
VerticalScope becomes latest public tech firm to make layoffs with 22 percent staff reduction
Cuts come after VerticalScope’s business deteriorated in Q4.