AlayaCare co-founder launches venture fund Storytime Capital with $15 million
The VC wants to invest in founders that aim to change the landscape of work.
Toronto
Subsidiaries of FinTech startup Lendified face creditors over unpaid loans
Creditors move to seize Lendified assets after company defaults over some $6.6 million.
Layoffs persist at Canadian tech companies amid bleak outlook for 2023
FreshBooks, Thinkific, Revelate, Bridgit among latest firms to cut staff amid downturn.
KeyOps secures $4 million CAD to connect pharma sales, marketing staff with physicians
Healthtech startup to use funds for North American expansion.
AltaML, Waabi, TrojAI among Vector Institute’s 20 Canadian AI startups to watch for 2023
The list was narrowed down from 150 startups.
Walnut Insurance secures $4 million CAD to help FinTechs deliver embedded insurance programs
Walnut has partnered with Neo Financial, Nuula to launch their insurance products.
Frate secures $2 million CAD to make e-commerce returns sustainable, cost-effective
“We turn customers’ houses into warehouses, and also fulfillment centers.”
The Upside Foundation appoints Juanita Lee-Garcia as new executive director
The Venture for Canada alum takes reins at “pivotal time” for Upside.
Shabodi closes $14 million CAD Series A to simplify 5G for developers
Shabodi aims to be to 5G what Stripe is to payment integrations.
Plooto closes $27 million CAD Series B to help SMBs manage cash flow
Plooto plans to double down on product-led growth strategy.
AI-driven investment startup Delphia acquires Fathom Privacy to increase transparency with user data
Users pool their data together through Delphia with the goal to improve investment strategies.
CommerceBear raises $10.5 million USD to modernize outdated furniture e-commerce market
CommerceBear wants to create easy access to channels like Wayfair.
GoBolt closes $75 million Series C round to double down on EVs, North American expansion
GoBolt spent the last year building a fleet of EVs from suppliers like Ford, Lion Six.
Top Hat acquires STEM EdTech startup Aktiv Learning
Aktiv is Top Hat’s fifth acquisition, and its first outside of publishing.
Wattpad president Jeanne Lam resigns months after being tapped to lead company
Naver Webtoon’s KB Nam has been appointed interim president.