Talk of regulation, market conditions collide with glitzy behaviour at Blockchain Futurist Conference
At the crypto cabana there was no sign of a downturn.
Toronto
Market watch: Nuvei, Propel, Payfare, and Mogo
FinTech companies ride out a turbulent market.
Canvass Analytics secures $3.3 million USD top-up for Series A round
Yamaha Motor Ventures backs Canvass again after its initial investment in 2020.
Interaxon secures $9.5 million USD to roll out subscription model for brain sensing headband, Muse
The subscription program is set to launch in Q1 next year.
Armed with more capital to back women entrepreneurs, Phoenix Fire makes first investment in VoxCell
Phoenix Fire’s LPs now include the co-founders of Thinkific and Odaia.
As other lenders collapse, Ledn bets conservative approach will help startup survive crypto winter
Ledn co-founder eyes M&A, anticipates more crypto lending regulation amid crash.
HR tech startup Humi acquires SaaS scheduling startup Ameego
Humi customers include Tim Hortons, Boston Pizza, and Moxies.
C100 taps former MaRS exec Ray Newal as its new CEO
Ray Newal, who has led firms in Canada and India, will spearhead C100’s international expansion efforts.
With a new team, Framework Venture Partners secures $100 million USD first close for second fund
Barbara Dirks, Jim Texier, Mike Dobbins join for Fund II, target $250M final close.
Properly secures $36 million CAD, pulls back on geographic expansion plans as Canadian housing market cools
Provincial expansions across BC, Ontario, and Québec have been pinned in favour of focus on Toronto and Vancouver.
D2C startups not immune to downturn as Article, Mejuri make staff cuts
Article and Mejuri have cut their workforces by 17 and 10 percent, respectively.
Uberflip CEO attributes company layoffs to “unsteady economy”
Uberflip laid off 31 employees.
Scale Without Borders wants to bring Canada’s immigrant tech community together in November summit
Last year’s summit spanned three days and saw 1,000 registrants.
Kirk Simpson, Peter Carrescia team up to raise $6.5 million CAD with an idea to disrupt the digital identity space
OMERS, Wittington, and Round13 have all backed Qui Identity.