S|W: The SaaS Weekly – Why did SaaS VC stalwart OpenView shut down?
Plus: ContactMonkey secures $55-million Series A.
Propel receives $2.9-million ACOA grant to continue virtual accelerator program until 2026
The Government of Nova Scotia committed $1.05 million to Propel in May.
F|T: The FinTech Times – Wealthsimple targets fourfold AUM growth, Koho targets profitability
Plus: Brex, Block, Flinks, and Shakepay unveil new product offerings.
Cultivator has a new leader, Canadian FinTech leader has some new capital
Plus: Meet BetaKit’s new newsletter editor.
These game developers are hiring software engineers to six-figure salaries in Canada
To develop good video games, these companies are hiring software engineers at generous salaries.
H|T: The Healthtech Times – New Spring Impact Capital fund targets early-stage healthtech startups
Plus: AbCellera decimates staff in biotech slump.
Nicotine addiction treatment tech startup Ditch Labs acquires IP assets of French firm Enovap SAS
Acquisition comes nine months after Ditch Labs secured $3.25 million CAD in seed funding.
R|T: The Retail Times – Shopify’s Black Friday-Cyber Monday breaks records
Plus: Shein officially files for US IPO.
Workleap expands through acquisition of US-based HR tech firm Pingboard
The acquisition comes five months after Workleap raised $125 million from CDPQ.
As ailing WeWork reduces Canadian footprint, BDC opens new collaborative work location in Vancouver
Vancouver marks BDC Square’s third location, following Toronto and Montréal.
A|I: The AI Times – Sam Altman is back, Microsoft grabs a board seat, OpenAI plans governance changes
Plus: PASQAL commits $90 million to quantum initiative to DistriQ in Sherbrooke.
Asian food delivery service Fantuan secures $40-million USD Series C round
The funding will be used to improve its platform and explore an expansion into other service sectors.
Sixty Degree Capital closes $338 million CAD for third venture fund
The new fund looks to invest in enterprise software and healthtech startups.
S|W: The SaaS Weekly – OpenText sells off mainframe business for over $2 billion USD
Plus: MaRS IAF returns and is ready to invest.
Brex launches corporate card, expense offering targeting Canadian workers at US firms
The new offering comes over a year after Brex chose to “pivot away from SMBs.”