Plus: Kim Furlong talks about VCCI and what’s next for Canadian ventures.
Welcome to BetaKit Startup Stories of the Week! Here, you’ll find the week’s most important news, features and editorials published on Beta Kit.
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The main news of the week
In the year Layoffs at Canadian tech firms continue in 2023 bleak outlook.
More than a dozen Canadian tech companies have recently laid off workers, Betakit has learned, joining a growing list of companies to lay off workers by 2022.
Statements from Alberta’s innovation minister cast doubt on the return of investor tax credits.
In a recent interview with BetaKit, the minister talked about his goals for the new role, what he plans to focus on and others he won’t, such as the Alberta Investor Tax Credit (AITC).
BC’s new innovation minister, Brenda Bailey, has outlined how she plans to support the province’s technology and innovation.
Bailey took over BC’s innovation agenda from Ravi Kahlon, a member of the province’s New Democratic Party, who was appointed to lead BC’s newly created Ministry of Housing.
The CEO of Agtech Unicorn Semios has resigned
Gilbert announced the move on LinkedIn on Friday, and a search for a new CEO of Semios is currently underway. Gilbert will remain on the Semios board when he steps down as CEO.
Upside Foundation Appoints Juanita Lee-Garcia as New Executive Director
According to Lee-Garcia, the change in leadership comes at a “critical time” in Upside’s history.
Does decorating your startup feel like a constant mess? Here’s what you need to do.
Successfully transitioning out of authoritarian leadership requires the right relationships.
Golden Ventures’ Matt Golden has advice for startups raising money in a down market.
Investors who raised a lot of money in the past two years still have to commit that capital. According to Matt Golden, founder and managing partner of Golden Ventures, what changes are important to investors.
Recent funding, acquisitions and layoffs
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Van – Evoke Innovations/Raven Capital/Yaletown Partners via InBC (read more)
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CAL – Movement51 and CIWA secure $861,980 (read more)
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TOR – Pluto – $27M (read more)
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TOR – Shabodi – $14 million (read more)
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TOR – KeyOps – $4M (read more)
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TOR – Frate – $2M (read more)
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MTL – Nesto – $80M (read more)
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MTL – Innovobot Raises $14M in Funding of $40M Target (Read More)
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MTL – Nearbuy and Esspera secure $35K (read more)
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QC – Winter Farm – $46 million (read more)
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Year in Review: Kim Furlong on VCC and What’s Next for Canadian Ventures
Last May was kind of an ‘aha’ moment. And it sparked a conversation that I believe is true on both sides.
CVCA CEO Kim Furlong joins us in May to discuss the future of the VCCI, the renewal of that program, selling its value to policymakers and his thoughts on what Canada’s venture will look like in 2023.
Bessemer, Georgian, Omers VCS discuss the market situation
“If this is where we are today, what do we do?”
Aleza Hashmi (Bessemere), Michelle Yu (Georgia) and Laura Lenz (OMRS) join Beta Kit Editor-in-Chief Megan Simpson on why early 2023 will be so difficult to raise revenue. BetaKit keynote level recorded by SAAS North Live.
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