Layoffs persist at Canadian tech companies amid bleak outlook for 2023
FreshBooks, Thinkific, Revelate, Bridgit among latest firms to cut staff amid downturn.
Vancouver
InBC announces first three venture fund investments: Evok Innovations, Raven Capital, Yaletown Partners
InBC backs trio of VC funds focused on climate change, reconciliation, and innovation.
Commerce startup Elastic Path secures additional $30 million from existing investors
The Vancouver company claims leadership in the composable commerce movement.
MineSense Technologies raises $42 million in JP Morgan-led Series E round
The Vancouver startup wants to expand the capabilities of its digital mining solutions beyond copper.
Private wireless network startup Expeto closes $12 million Series B supported by Samsung Next, 5G Open Innovation Lab
Expeto enables large enterprises to extend private networks via any type of cellular connectivity.
Fintel Connect closes $4.8 million CAD to help financial institutions drive cost-effective growth
BankTech Ventures, EDC-backed Fintel Connect eyes US expansion.
Slack founding CEO Stewart Butterfield to depart company in January
Slack’s leader becomes latest to leave the Salesforce organization.
Shopify, Benevity set records for Black Friday-Cyber Monday and Giving Tuesday
Shopify merchants rack up $7.5 billion in sales over the weekend.
Sanctuary secures $30 million from Canada’s SIF to build robots with human-like intelligence
The AI startup is expected to hire more than 160 employees.
Mozilla acquires Canadian-founded startups Pulse, Active Replica to fuel metaverse strategy
The company behind web browser Firefox wants to deliver its own metaverse.
Durable aims to help solo entrepreneurs launch service-based businesses with AI
Durable has closed $6.25 million USD to date from US investors.
Produce8 lands $6 million in seed funding to improve digital-first team productivity
Startup believes addressing burnout is the answer to a trillion-dollar question.
Eight Canadian universities land in PitchBook’s 2022 top 100 schools for founders
The University of Waterloo keeps top spot for Canadian schools.
Yield Exchange nabs $110,000 after winning both SAAS NORTH 2022 pitch competitions
The Vancouver startup provides an online marketplace for guaranteed investment certificates.
Canadian tech layoffs continue as tough year comes to a close
Properly, TealBook, D2L, League among latest firms to cut staff amid economic downturn.