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InBC announces first three venture fund investments: Evok Innovations, Raven...
InBC Investment Corp. has made its first investments to date, backing a trio of Vancouver-based venture funds focused on entrepreneurs driving climate change action, advancing reconciliation efforts,...
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KeyOps secures $4 million CAD to connect pharma sales, marketing staff with...
KeyOps, a platform that connects sales and marketing teams to physicians, has raised $4 million CAD. The seed round will enable the startup to expand into the United States while it enlarges its...
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Subsidiaries of FinTech startup Lendified face creditors over unpaid loans
Toronto FinTech startup Lendified said a number of its subsidiaries are facing bankruptcy proceedings over an inability to repay several loans. The move comes after a number of creditors in November...
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Vector Institute taps seasoned executive Tony Gaffney to lead AI hub for next...
An executive with experience at a number of large corporations is becoming the new president and CEO of the Vector Institute in mid-January. Tony Gaffney will take over from Garth Gibson, who the...
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BC holds consultations on employment standards for gig workers as Uber, Lyft...
A gig driver in Victoria claims that he works 10 hours daily, seven days a week, putting $100 into his car every two weeks to end up grossing $1,200 a week. A ride-hail courier in Nanaimo slipped and...
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Aptum Technologies acquires CloudOps to expand its cloud solutions
Toronto-based Aptum Technologies has acquired Montreal’s CloudOps for an undisclosed amount in a deal that closed on January 5. Aptum is a multi-cloud managed service provider. CloudOps describes...
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Vancouver PR firm Switchboard gets national support following Earnscliffe...
Ottawa-based strategic and government relations firm Earnscliffe Strategies has acquired Switchboard Public Relations, a Vancouver public relations agency that specializes in technology and innovation...
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Market intelligence startup Klue moves closer to all-in-one platform vision...
Klue, an artificial intelligence (AI) startup that provides competitor and market intelligence for businesses, is set to acquire Massachusetts-based DoubleCheck Research. The latter provides research...
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Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down
As Canada’s tech layoffs continue apace, the on-demand used car industry is facing its own crunch. Online vehicle retailers Clutch and Canada Drives both recently announced staff cuts, citing current...
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Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed...
Faced with difficult competition in the market and inhospitable fundraising conditions, Ottawa-based Tehama, which provides a cloud-based software solution for remote teams, has entered into...
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Lightspeed one-time net loss of $814.8 million USD sends Groundhog Day...
Perhaps it wasn’t the best signal as Lightspeed Commerce’s third fiscal quarter earnings report season kicked off with the announcement of a net loss of $814.8 million (the company reports all figures...
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Report maps Indigenous representation in BC tech, calls for need to address...
An interviewee in a new report that maps the Indigenous tech landscape in British Columbia cited experiencing “discriminatory lending practices and significant challenges in attracting capital.” They...
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Mark Usher named CIBC Innovation Banking lead after Mark McQueen announces...
CIBC Innovation Banking has announced that Mark Usher is its new leader after the recent news that Mark McQueen is stepping down. Usher has been named the president and executive managing director of...
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Canadian Web3 Council calls on Senate to examine how to “effectively...
An advocacy group for Web3 technology in Canada is calling upon the Canadian Senate to convene “a forum for an open and comprehensive discussion on the role and governance of digital assets in Canada.”...
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WFHomie acquired by Houston’s GoCo to create all-in-one HR platform
Employee experience startup WFHomie has been acquired by human resources (HR) management platform GoCo.io. Houston-based GoCo, a software provider of solutions for HR, benefits, and payroll, acquired...
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Despite market conditions, 2022 second-highest year on record for Canadian...
After declining for three quarters, Canadian tech venture capital capped the year with a pleasant surprise: the second-highest deal count and amount invested on record. In its latest report, the...
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At adtech startup Nova, president Matt Crenshaw steps into the CEO position
Advertising tech startup Nova – formerly known as Polar – has made some changes to its C-suite. Kunal Gupta, the startup’s CEO and founder announced that he is transitioning to a board member and...
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CDPQ makes executive changes following Celsius investment write-off
The Caisse de dépôt et placement du Québec (CDPQ) has seen a shake-up in its C-suite following its $150 million USD write-off in the bankruptcy of crypto lender Celsius Network. Alexandre Synnett,...
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MaRS, adMare BioInnovations launch new biotech accelerator for early-stage...
A new Toronto-based accelerator is opening to help early-stage Canadian biotech ventures overcome fundamental barriers, such as a lack of lab space and access to capital. MaRS Discovery District and...
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AssistIQ raises $2.5 million CAD to cut down on medical waste in hospitals
A medtech startup that has developed a new artificial intelligence (AI) supply intelligence platform to reduce medical waste has raised $2.5 million CAD in “early-stage” funding. Even as it prepares to...
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