US companies Avanade, Nautical Commerce, Twilio, Dealpath plot Canadian expansions
All four plan to conduct a hiring spree amid a growing number of global tech layoffs.
Toronto
Clutch cuts staff to extend runway, citing market conditions
The layoffs follow a $100 million Series B secured in 2021.
Goeasy plans to leverage its LendCare acquisition with online car sales startup Canada Drives
Financial services company makes $40 million equity investment, joins Canada Drives’ board.
Jeeves launches venture capital alternative for startups
The New York-based FinTech startup Jeeves has launched a non-dilutive alternative to venture capital specifically tailored…
Hyatt brothers’ BlueCat to be acquired by another US private equity firm
Audax purchasing Toronto-based BlueCat from Madison Dearborn.
After raising over $1 billion USD in the last year, Faire CTO says startup is poised for growth during market downturn
Despite present conditions, Faire hasn’t paused or slowed hiring, or made any layoffs.
Ritual lays off 16 percent of staff to “prepare for a recession”
As prospect of recession looms amid rising inflation, Ritual has laid off 23 employees.
With crypto under water, Ripple makes a splash announcing first Canadian office in Toronto
Startup plans to open engineering hub, hire 50 to start.
Flipp acquires digital savings content platform Reebee
As grocery prices spike, Flipp and Reebee consolidate to help more Canadians save money.
Parallelz raises $3 million to challenge how app stores deliver, distribute apps
“Soon, sharing a mobile app will be as easy as sharing a meme.”
Twitter selects Canada as test market for new longform writing feature
When 280 characters isn’t enough, Twitter offers 2,500 words
Federal government reveals plans for $443 million second phase of Pan-Canadian AI Strategy
Investments include a collective $60 million for Amii, Mila, Vector Institute.
Sagard hits $400 million CAD goal for private equity fund
Firm plans to continue raising capital for the fund.
Ataccama secures $150 million from Bain Capital’s Tech Opportunities Fund
The Toronto data management startup cuts ties with bootstrapping.
Axonify acquires employee communication startup Nudge
Axonify, Nudge plan to disrupt the marketplace for frontline employees.