Cyclica receives $2.4 million CAD grant from Bill & Melinda Gates Foundation
The grant is helping develop new, hormone-free contraceptives.
Toronto
FreshBooks, Plusgrade, Day & Ross among six Scale AI projects to receive $25 million
Funded projects vary in applications, from the travel industry to accounting.
Tech4SickKids raises almost $51,000 in second annual virtual auction
The campaign has raised $9 million of its $25 million goal.
Xero appoints Canadian native Sukhinder Singh Cassidy as new CEO
Xero’s newest leader had exec positions at Google, Stubhub, Polyvore.
With Passage acquisition 1Password prepares to battle tech giants for passwordless future
Acquisitions, exec turnover, and new tech mark transition period for 1Password. CEO Jeff Shiner sounds ready.
Customer experience platform Alida secures $60 million USD credit facility
With a new Edmonton office, Alida sets sights on the rest of North America and beyond.
Xanadu closes $100 million USD Series C as quantum computing firm becomes Canada’s latest unicorn
Xanadu wants to bring the first commercially available quantum computers to market.
Meta mass layoffs hit Canada less than a year after major expansion plans
Canadian teams affected include client relations, human resources, among others.
As demand booms and recession looms, Busbud acquires fellow Canadian travel tech startup Betterez
After partnering up for years, Busbud has brought Betterez’s back office platform for transit players in-house.
QueerTech launches hybrid conference for 2SLGBTQS+ tech
Named QT Qonference, the event will take place from November 10 to 11.
Q4 Inc. CEO confident in 2023 profitability despite continued slow growth
M&A, delistings, frigid IPO market have impacted Q4 Inc’s customer retention, expansion.
OnCall Health acquired by US-based SaaS provider Qualifacts
Prior to its acquisition, OnCall has raised around $10.5 million CAD.
Twitter’s mass layoffs hit Canadian office
Unknown at this time how many Twitter Canada employees were affected.
Report: Vancouver, Toronto saw greatest high-tech job growth in North America over the last two years
Montréal ranked fifth, while CBRE named Waterloo, Ottawa, Calgary markets to watch again.
With VCCI commitment, Kensington Capital Partners targets $290 million third venture fund
With renewed mandate from Government of Canada, Kensington aims to nearly double its previous fund.