Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
With initial $8-million close for Nex Gen VC Partners, KJSM Ventures’ team targets more early-stage tech startups
After deal flow exceeded their family office’s capacity, the McKays built a VC fund.
Part3 serves North American construction mega-projects. With new funding, “the vision is bigger”
Toronto startup has secured $2.8 million, backing from Levelset founder to streamline construction admin.
DeFi company Wellfield inks deal to acquire crypto custodian Brane Trust
Canadian crypto consolidation continues with Toronto, Ottawa firms set to join forces.
PasswordBox, Intel alums build enterprise low-code tool for natural language models
HumanFirst’s backers include Panache, Inovia, and Real Ventures.
MindBridge closes $60 million USD from US growth equity firm, appoints interim CEO
AI-powered auditing-tech firm adds new interim leader as CEO and founder depart.
Long-time VP and product leader Satish Kanwar departs Shopify
Kanwar steps down 10 years after Shopify’s Jet Cooper acquisition.
Solink secures $60-million USD Series C and backing from Goldman Sachs to become cloud video surveillance leader
As the security market shifts to cloud, Solink looks to scale.
Bold Commerce reveals product that allows retailers to add checkouts to video and email
CEO says Checkout Unleashed eliminates “middleman” product pages.
Cohere secures strategic investment from SAP as enterprise demand for generative AI grows
Toronto-based Cohere has also partnered with McKinsey.
Construction software firm Vitruvi to be acquired by US-based Bow River Capital
Calgary-based Vitruvi’s team and leadership to stay on as part of deal.
YC-backed Reworkd secures $1.65 million CAD to build AI agents for business tasks
Founded by a trio of Vancouverites, Reworkd has nabbed funding from Panache.
Metafold 3D closes $2.35 million CAD to fuel industrial adoption of 3D printing
Toronto startup has interest from sportswear and biopharma clients for its 3D printing tech.
Active Impact, Breakthrough-backed Othersphere secures $3 million to strategically locate climate tech projects
Victoria-based startup aims to drive industrial decarbonization with data analysis.
Dapper Labs makes third round of layoffs since November as crypto winter continues
NBA Top Shot creator lays off 51 people amid NFT market struggles.