Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down
Clutch cut approximately 65 percent of its staff.
Toronto
After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
Volvo backs Waabi to accelerate driverless trucks commercialization
Waabi unveiled its self-driving product in November to gear up for road tests.
CoinSmart rejects Coinsquare’s notice to terminate acquisition deal
CoinSmart claims Coinsquare’s acquisition about-face is “invalid and without merit.”
NowVertical secures $7 million CAD credit facility, completes Acrotrend, Smartlytics acquisitions
NowVertical acquires more capital to fuel acquisition strategy.
UK autonomous vehicle company Oxbotica plans to expand Canadian presence following $140 million USD raise
Oxbotica plans to hire for up to 50 new roles in Toronto office.
Clearco CEO Michele Romanow steps down as company cuts almost 30 percent of staff
Andrew Curtis now CEO as company hopes latest exec change will lead to cash flow break-even in 2023.
BMO, Georgian partner on access fund as venture firm secures nearly half of second alignment fund
SEC filings show that Georgian has secured $466 million USD of its target to date.
Properly pivots away from home sale guarantee as real estate market dips
Company attributes shift to “unprecedented volatility in the Canadian housing market.”
WonderFi releases public statement following Coinsquare merger report
WonderFi neither confirms nor denies Coinsquare merger report, saying it’s both looking at potential acquisitions and…
Aptum Technologies acquires CloudOps to expand its cloud solutions
Combination of two cloud-based businesses opens up multiple sectors for Aptum, CloudOps in Canada, US, and UK.
Nokia opens new Toronto office as part of broader Ontario-wide expansion
Nokia previously announced plans to hire for 340 new jobs in the province.
GoBolt lays off five percent of staff shortly after $75 million raise, citing worsening consumer demand
With cuts, GoBolt shifts focus away from SMBs to mid-market, enterprise merchants.
Able Innovations, Cognota, BlueDot among recipients of $14 million FedDev investment
Federal contribution expected to create over 230 skilled jobs across GTA.