Meagan Simpson
BetaKit
Toronto, ON, Canada
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Past articles by Meagan:
As regulators take over SVB Canada, companies still have questions about impact
With Canadian regulators taking temporary control of SVB Canada, the immediate question is what happens to companies that have existing lines of credit. → Read More
BDC appoints Sévrine Labelle as head of $100 million Thrive Lab for women entrepreneurs
BDC Capital has named the managing director of its new Thrive Lab—one of the pillars of its recent $500 million investment in women-led companies. → Read More
Wattpad lays off 15 percent of workforce
Wattpad is cutting its staff by 15 percent, with the interim president stating it comes “despite our best efforts.” → Read More
Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A
Congruence Therapeutics has secured an additional $20 million CAD ($15 million USD) for its Series A round. → Read More
Able Innovations strikes deal with Ottawa hospital for robotic patient transfer tech
Robotic medical device startup Able Innovations has secured a procurement deal with an Ottawa hospital. → Read More
Northleaf closes $675 million USD for latest private equity fund
Northleaf Capital Partners has held the final close of its latest private equity fund, pulling in $675 million USD. → Read More
Shopify changes employee compensation model: “being a manager now has no effect on compensation”
First, it eliminated meetings. Now, Shopify is altering how it views and pays its managers. → Read More
Backed by Bay Street veterans, Obsiido wants to make alternative investing accessible
Obsiido came out of stealth earlier this year having secured $815,000 CAD in pre-seed capital to go to market. → Read More
Round13 leads System-3’s $3.6 million round to mitigate bias in hiring leadership talent
System-3 has raised $3.6 million CAD in seed funding as part of the company’s efforts to mitigate inherent bias when hiring or promoting executive leaders. → Read More
Report: investment in Canadian FinTech dropped almost $6 billion USD in 2022
Investment in the Canadian FinTech sector dropped sharply in 2022, despite being the second-best year for deal volume, according to KPMG’s latest report → Read More
Alphabet commences Canadian layoffs
Alphabet Inc. began laying off Canadian employees on Monday as part of its previously announced reduction of 12,000 staff members globally. → Read More
Faced with insolvency, Ottawa’s Tehama forges ahead with founder-backed restructuring
Faced with difficult competition in the market and inhospitable fundraising conditions, Tehama has entered into insolvency. → Read More
As Big Tech makes mass layoffs, recent Canadian startup reductions might cut deeper
This year has been rung in by a slew of Big Tech layoffs, and the economic pressures causing the large companies to do so also continue to be felt by Canadian tech startups as well. → Read More
Five Canadian programs listed among top incubators, accelerators globally
Five Canadian programs named to UBI Global's annual list of top university-related incubators in the world. → Read More
Pender Ventures closes first half of $100 million target for second venture fund
Pender Ventures has secured $50 million in the first close of its second venture fund, marking half of the Vancouver venture firm’s targeted $100 million CAD. → Read More
Delphia places co-founder on leave over sexual assault allegations, lawsuit from former employee
Toronto-based startup Delphia is facing a lawsuit over allegations that co-founder and CTO Cameron Westland sexually assaulted and harassed a former employee. → Read More
Hootsuite CEO Tom Keiser replaced amid third round of layoffs
Hootsuite has swapped CEOs as the company has also made its third round of layoffs in the past six months. → Read More
CoinSmart rejects Coinsquare’s notice to terminate acquisition deal
CoinSmart has announced that it has rejected notice from Coinsquare to back out of the pair’s acquisition deal. → Read More
BMO, Georgian partner on access fund as venture firm secures nearly half of second alignment fund
BMO Global Asset Management has teamed up with Georgian to launch a fund that allows accredited investors to invest in $1 billion USD fund Georgian is raising. → Read More
Properly pivots away from home sale guarantee as real estate market dips
Real estate tech startup Properly has switched up its business model, moving away from one of its core value propositions: a purchase guarantee on homes. → Read More