News from BetaKit

D2C startups not immune to downturn as Article, Mejuri make staff cuts

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Charlize Alcaraz @ BetaKit 1 place · 08/05/2022 16:22 EDT

Article and Mejuri have cut their workforces by 17 and 10 percent, respectively. Read more ›

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Uberflip CEO attributes company layoffs to “unsteady economy”

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Meagan Simpson @ BetaKit 2 place · 08/05/2022 12:13 EDT

Uberflip laid off 31 employees. Read more ›

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Scale Without Borders wants to bring Canada’s immigrant tech community together in November summit

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Charlize Alcaraz @ BetaKit 1 place · 08/05/2022 06:01 EDT

Last year’s summit spanned three days and saw 1,000 registrants. Read more ›

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H|T: The Healthtech Times – Making your baby cry… for science

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Michael Edgar @ BetaKit · 08/05/2022 05:00 EDT

Plus: Could the Theranos that was promised come from Sudbury? Read more ›

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RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending

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Josh Scott @ BetaKit 1 place · 08/04/2022 18:24 EDT

CEO: “There's just a level of uncertainty right across the board.” Read more ›

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Lightspeed’s revenues increase even as its losses widen in fiscal first quarter for 2023

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Charles Mandel @ BetaKit · 08/04/2022 13:23 EDT

Lightspeed’s results were better than expected. Read more ›

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Nubik becomes latest Canadian tech firm acquired by Deloitte

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Charlize Alcaraz @ BetaKit 3 place · 08/04/2022 10:42 EDT

Nubik specializes in Salesforce, FinancialForce, and Rootstock Cloud ERP. Read more ›

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Kirk Simpson, Peter Carrescia team up to raise $6.5 million CAD with an idea to disrupt the digital identity space

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Meagan Simpson @ BetaKit 3 place · 08/04/2022 07:00 EDT

OMERS, Wittington, and Round13 have all backed Qui Identity. Read more ›

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Sandpiper Ventures closes $20 million first fund focused on early-stage, women-led tech startups

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Josh Scott @ BetaKit · 08/04/2022 06:00 EDT

Sandpiper sees “huge … and untapped opportunity” to back more women entrepreneurs amid market downturn. Read more ›

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R|T: The Retail Times – Shopify’s bet didn’t pay off

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Michael Edgar @ BetaKit · 08/04/2022 05:30 EDT

Plus: Has the scooter boom finally gone bust? Read more ›

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A|I: The AI Times – DeepMind cracks biology’s biggest problem

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Michael Edgar @ BetaKit · 08/04/2022 05:00 EDT

Plus: Google Is Selling Advanced AI to Israel, Documents Reveal. Read more ›

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Unbounce lays off 20 percent of staff as part of “larger company restructuring”

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Charlize Alcaraz @ BetaKit · 08/03/2022 16:54 EDT

Unbounce CEO said cuts were necessary to support the company's purpose and strategy. Read more ›

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FreshBooks secures $100 million USD debt facility from BMO, J.P. Morgan

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Charlize Alcaraz @ BetaKit · 08/03/2022 12:30 EDT

With fresh funds, FreshBooks wants to continue global expansion, strategic acquisitions. Read more ›

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CFIN invests $338,000 into four Canadian projects related to food sector

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Charlize Alcaraz @ BetaKit 2 place · 08/03/2022 09:00 EDT

Projects in this cohort range from an automated tempeh incubator to upcycling produce. Read more ›

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ZayZoon raises $25.5 million to expand its earned wage access business across the US

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Charles Mandel @ BetaKit 2 place · 08/03/2022 08:45 EDT

ZayZoon’s earned wage access model never caught on in Canada, but took off south of the border. Read more ›

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S|W: The SaaS Weekly – Microsoft stays rosy, Meta drops

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Michael Edgar @ BetaKit · 08/03/2022 05:00 EDT

Plus: Ex-Tungle, Foko employees pivot new startup to take on Evernote. Read more ›

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Canalyst acquired by Chicago-based Tegus in massive BC tech exit

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Meagan Simpson @ BetaKit · 08/02/2022 14:33 EDT

Sources say deal is north of $200 million USD. Read more ›

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Partnership with Mailchimp competitor Klaviyo marks Shopify’s second strategic investment in recent weeks

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Josh Scott @ BetaKit · 08/02/2022 14:02 EDT

Recent SEC filing indicates Shopify may have invested $100 million USD in Klaviyo. Read more ›

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Aurora Hydrogen secures $12.85 million CAD from Shell, Chevron to build demonstration plant

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Charlize Alcaraz @ BetaKit · 08/02/2022 12:53 EDT

Aurora is developing clean hydrogen tech without consuming water. Read more ›

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Wattpad’s new leader is focused on creator value

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Meagan Simpson @ BetaKit · 08/02/2022 12:09 EDT

Wattpad President Jeanne Lam wants to help creators “become the next big hit.” Read more ›

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