Clearco cuts a quarter of staff amid “significant headwinds”
Clearco called the cuts “necessary” and “prudent.”
Toronto
Advertising tech startup Polar secures funding from Fort Point Capital, rebrands to Nova
Nova president: Polar pioneered the social display space.
Portage Ventures rolls out new late-stage FinTech fund, aims to raise up to $1 billion USD
Amid downturn, Portage sees chance to fund FinTech firms reluctant to take valuation hit.
Four Canadian companies selected for inaugural CB Insights Advanced Manufacturing 50 list
BenchSci, Vention among Canadian startups in the list.
Stadium Live scores $12.8 million CAD Series A to engage Gen Z sports fans
Stadium Live aims to build the “spatial version of Discord.”
Coinsquare lays off 24 percent of staff amid turbulent crypto market, shifted focus to regulation
The cuts follow hiring sprees that took place across the crypto space last year.
Montréal-founded QueerTech wants to expand its 2SLGBTQIA+ events across Canada
72 percent of QueerTech’s 7,600-plus members come from outside Montréal.
Crypto custodian Balance completes SOC 2 audit to increase customer confidence
Balance joins growing list of crypto firms becoming SOC compliant.
Tech-enabled fulfillment company Darwynn closes $20 million pre-seed round
Darwynn says its facilities take up less space and costs less to operate.
TransPod unveils “ultra-high-speed” FluxJet vehicle as it begins construction on proposed Alberta track
TransPod aims to offer transportation between Edmonton and Calgary that’s “faster than a jet and three times as fast as…
Oncoustics secures $5.5 million CAD to help spot liver disease using AI
Startup aims to “decrease or eliminate” need for high-end imaging, painful biopsies.
Borrowell launches credit building program for renters
The program allows users to self-report rental payments.
Funding party is over as Toronto tech stumbles in Q2 2022
Investment in Q2 2022 fell 69 percent from record-setting first quarter.
EQ Bank latest bank to join Flinks’ open banking environment
Another bank signs an open banking deal with a FinTech firm as Canada’s system is underway.
Toronto, Vancouver tech talent pools saw highest growth in latest CBRE report
Ottawa is on par for highest concentration in tech talent with the San Francisco Bay Area.