Amidst a market downturn that may lead to a “venture capital winter,” one Canadian fund is looking to stand out. Founded in Vancouver in 2019 and operating quietly since 2020, Little Green Bamboo is a $20 million rolling fund seeking to “provide both financial and human capital to founders during the current slowing financial environment,” […]
Article Trims 200+ Employees After Losing Same E-Commerce Gamble as Shopify
Another one bites the dust. From Unbounce to Clearco to Shopify, Vancouver-based Article is the latest in a long line of Canadian technology firms who after recently experiencing marked growth abruptly shifts to significant layoffs. “Today is a very difficult day at Article,” CEO Aamir Baig wrote in a memo. “This is my fault.” Baig let […]
Unbounce the Latest Tech Firm in Canada to Face Unexpected Layoffs
From launching its “next phase of growth” to trimming staff within two months: Unbounce is the latest technology company in Canada to face sudden layoffs in the midst of a global downturn. “Today we said goodbye to 47 talented people as part of a company-wide restructure across the Unbounce and LeadsRx teams,” wrote chief executive […]
Spring Activator, TELUS Pollinator Fund for Good Launch Female-Focused Impact Investor Challenge
Spring Activator and the TELUS Pollinator Fund for Good are launching their first Women-led Impact Investor Challenge. The challenge is set to run from September 15 to December 6 and seeks to facilitate connections between those looking for purpose-based investments with women founders working on solutions to local and global problems. The Women-led IIC was […]
Vancouver’s Canalyst Acquired By Tegus to Bolster Global Investor Research Platform
Financial data and analytics startup Canalyst has been acquired by Tegus, a research platform for investors based in Chicago. Vancouver-based fintech Canalyst offers 4,000 drivable financial models and company benchmarking data for making business-critical decisions. Following a $70 million Series C round of fundraising, Canalyst was recently #49 on The Financial Times’ list of The […]
Despite Downturn, Vancouver Continues to Outpace Canada for Hiring Tech
Some days it feels like we are watching tech talent drop like flies. Several companies big and small—many with plans to expand their workforce—have been compelled to “trim the fat,” so to speak, due to shifting market realities in 2022. Yet the momentum of tech growth in Canada is so strong that it seems these […]
A Succinct Record of Slack
Slack is headquartered in Silicon Valley but was born in Vancouver, where it boasts a beautiful multi-floor downtown office. Like any good startup, Slack has an fascinating history. And as is so often the case, something came before it. In this case, a few things. Our tale begins in 2002—over a decade before Slack would […]
Ookla Ranks Telus as Canada’s Fastest Mobile Network for 10th Time in Row
Vancouver-based Telus remains Canada’s fastest mobile network since 2020. The US-based Ookla, which operates Speedtest.net, crowned Telus for the 10th consecutive quarter following a comparison of user-initiated tests from all major mobile carriers in Canada. “More than ever, Canadians value a fast, reliable connection,” said Darren Entwistle, CEO of Telus. “The consistent recognition from independent, third-party […]
Beanfield Acquires Vancouver’s Urbanfibre to Expand Services in BC
The largest independent fibre-optic network in Toronto and Montreal this week announced the acquisition of Urbanfibre, a fibre provider operating in the Vancouver area. The acquisition is part of Beanfield Metroconnect’s commitment to expanding its network and service offerings across Canada’s major metropolitan areas and, including on the West Coast. “[Urbanfibre] shares our values and […]
Frontier Collective Announces Flagship Summit to Connect Global Leaders with Local Startups
Frontier Collective has created a flagship summit aimed at connecting global investors, leaders, and stakeholders with metaverse and Web3 leaders in Vancouver. The local nonprofit announced today that the inaugural Frontier Summit will take place in mid-August. “Frontier technologies are thriving in this region and we see a tremendous opportunity to cement Vancouver’s position both nationally […]