Canadian startup news of the week (2/26/23)
Plus: Canadian VCs had second highest year on record.
layoffs
Dapper Labs cuts another 20 percent of staff while fending off class action suit
The move marks Dapper Labs’ second round of layoffs since November as it contends with declining NFT sales.
H|T: The Healthtech Times – Clinify’s mission to digitize African medical records
Plus: How Canada opened the door to for-profit virtual care.
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.
S|W: The SaaS Weekly – YouTube’s CEO to step down
Plus: Wix, DocuSign make cuts.
Plum secures $8 million CAD to help big businesses navigate tight labour market
Plum aims to provide “missing dataset” companies need to tackle talent crisis.
Canadian startup news of the week (2/20/23)
Plus: a $700 million new commitment to innovation clusters.
Canadian software engineers wanted at these startups
Frontend, backend, full-stack developers needed.
BBTV secures $21.6 million CAD loan to pay off overdraft facility
“We have also allocated additional cushion to help withstand future macroeconomic uncertainty.”
S|W: The SaaS Weekly – Fight brews over Magnet Forensics acquisition deal
Plus: Jobber secures $100 million.
H|T: The Healthtech Times – Garmin expands Alberta presence
Plus: Three Atlantic Canadian healthtech startups gear up for growth.
Report: investment in Canadian FinTech dropped almost $6 billion USD in 2022
But overall investment was still bigger than 2020.
R|T: The Retail Times – Ssense failed to notify government of its cyberattack
Plus: eBay to lay off 4 percent of work force.
Canadian startup news of the week (2/12/23)
Plus: Fight brews over Magnet Forensics’ proposed $1.8 billion acquisition.
As unregulated crypto players collapse around the world, Netcoins expands into the US
Canadian firm aims to offer “compliant” alternative to unregistered US exchanges.