How the Silicon Valley Bank shutdown might impact Canadian tech
The SVB run is done. What comes next?
VC
Firehood hands out $100,000 in prizes as the DMZ, CVCA announce women of year awards
Apricotton, Areto Labs, PragmaClin secure $100,000 in total prize money from pitch competition.
Yaletown Partners hits $200 million final close for Innovation Growth Fund II
Yaletown saw four exits in 2022, including Tasktop, Circle Cardiovascular Imaging.
Dwindling tech deal volume remained a thorn in the Waterloo Region’s side in 2022
Venture funding in Waterloo Region dipped from 2021 peak, but still surpassed pre-bull market years.
Toronto venture funding saw a “return to sanity” in 2022
Toronto tech startups raised a collective $3.7 billion through 154 deals in 2022.
Panache’s Chris Neumann on FounderFuel’s return and “shitty” VC behaviour
“Myself and every other investor I know has a long list of people we will not deal with again.”
Northleaf closes $675 million USD for latest private equity fund
Fund size surpasses Northleaf’s $600 million USD target.
OMERS Ventures enters 2023 with new playbook as firm looks to launch fifth fund this year
Unified global investment team the latest change in OV’s evolution.
Despite market conditions, 2022 second-highest year on record for Canadian venture capital
CVCA CEO: “Considering the macroeconomic conditions, the finish in 2022 was surprising.”
Movement51 launches investment readiness education program for women entrepreneurs across Canada
With backing from TD, Movement51 aims to close VC funding gap for gender-diverse founders.
Real Ventures partners with Panache, Inovia to relaunch FounderFuel accelerator
Longstanding venture-backed startup program goes national with hybrid approach.
GreenSky expands team, secures $17 million first close of Fund V as firm sees opportunity amid the downturn
“When you get that kind of volatility … that’s when you get the best opportunities.”
Raven.ai aims to address supply chain issues following $12 million USD Series A
“We believe Raven’s solution will play a key role in engaging these frontline teams.”
Mark Usher named CIBC Innovation Banking lead after Mark McQueen announces departure
Usher follows in footsteps of former Wellington Financial colleague Mark McQueen, who is leaving for other endeavors.
CIBC Innovation Banking president Mark McQueen to depart for “next adventure”
McQueen joined CIBC through its acquisition of Wellington Financial in 2018.