Thinkific CEO describes layoffs as effort to preserve cash amid tough capital-raising environment for public companies
Company’s share price has risen 13 percent since layoffs were announced.
Vancouver
Evok Innovations targets cleantech investments with first close of $300 million USD Fund II
LPs in Fund II include Export Development Canada, RBC, and TD.
LayerZero Labs reaches $1 billion valuation in round backed by Sequoia Capital, Andreessen Horowitz
Tom Brady, Justin Timberlake, crypto leaders like Dapper Labs invested in the $135 million round.
Canadian startups in Y Combinator tie all-time high at Winter 2022 Demo Day
For the second time, 16 Canadian startups participated in a YC cohort.
Following 2021 losses, Thinkific to lay off 100 employees
Layoffs to impact one-fifth of Thinkific’s 499-person team.
Terramera, Ekona Power, and Active Impact Investments winners at 2022 BC CleanTech Awards
Other winners include a partner at Pangaea Ventures; Jonathan Wilkinson, federal minister of natural resources.
WonderFi clears regulatory hurdles, set to close acquisition of registered crypto marketplace Bitbuy
CEOs think deal could mark step towards crypto consolidation, DeFi regulation.
Age of Union Alliance donates $14.5 million to BC Parks Foundation
Age of Union is Dax Dasilva’s latest focus after stepping down as Lightspeed CEO.
Impact.com acquires Pressboard to ramp up branded content program for publishers
Pressboard was formerly a customer of Trackonomics, an Impact.com company.
Apollo Insurance Solutions secures undisclosed Series B financing from Definity
Definity Financial Corporation went public in November.
Sanctuary AI secures $75.5 million in mission to create the world’s first human-like intelligence robots
Sanctuary’s backers include Bell, Magna, Verizon, and Workday.
Zymeworks co-founder, former CEO Ali Tehrani joins Amplitude Ventures as venture partner
Tehrani aims to leverage his Zymeworks learnings to help other Canadian biotech firms grow.
Thinkific’s revenue, losses up in Q4
Thinkific claims increased losses reflect rising expenses, competitive job market
Klarna to open offices in Toronto, Vancouver, Québec as company expands service to Canada
The Swedish payments company plans to hire over 500 engineers by 2025.
Operto raises $15.3 million CAD to help hosts manage short-term rentals, hotels
Operto is eyeing international expansion and new verticals like hotels.