Josh Scott
BetaKit
Toronto, ON, Canada
Contact Josh
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Past articles by Josh:
Zenhub closes $10 million to make platform for managing software projects more accessible
Vancouver-based Zenhub has secured $10 million CAD in Series A funding to fuel its expansion beyond GitHub, as the startup looks to make software development more collaborative. → Read More
Yaletown Partners hits $200 million final close for Innovation Growth Fund II
Vancouver-based Yaletown Partners has secured an additional $70 million CAD for Innovation Growth Fund II, reaching its target of $200 million. → Read More
Shopify built Indigo’s new website in three days following ransomware attack
Ottawa e-commerce giant Shopify recently helped fellow Canadian firm Indigo get back on its feet following a recent cyberattack. → Read More
Government of Canada to launch $250 million initiative to train workers for high-growth sectors
The federal government is launching a new program focused on upskilling workers for high-growth sectors. → Read More
Dapper Labs cuts another 20 percent of staff while fending off class action suit
Vancouver-based Web3 company Dapper Labs has laid off 20 percent of its full-time employees. → Read More
Plum secures $8 million CAD to help big businesses navigate tight labour market
Kitchener-Waterloo-based Plum has closed over $8 million CAD in growth funding to help more large enterprises place the right people in the right roles. → Read More
Movement51 launches new “investment readiness” education program for women entrepreneurs across Canada
The51’s sister organization, Movement51 (M51), has opened applications for Founder’s Lab, its new program focused on preparing women and gender-diverse entrepreneurs to raise capital. → Read More
Shopify posts 26 percent YoY revenue jump, but growth still below pandemic highs
Shopify generated revenue of $1.7 billion USD in the fourth quarter of 2022, marking a 26 percent jump compared to the same period in 2021, according to the company’s latest earnings report. → Read More
As unregulated crypto players collapse around the world, Netcoins expands into the US
Vancouver-based cryptocurrency trading platform Netcoins has identified an opportunity to apply its regulated Canadian crypto model in the United States. → Read More
Garmin Canada to expand Alberta presence, hire for 200 STEM jobs
Garmin’s Canadian subsidiary, Garmin Canada, plans to add a third floor to its existing headquarters in Cochrane, Alberta, and fill it with 200 new STEM jobs. → Read More
Jobber closes $100 million USD Series D amid strong demand for home services
Edmonton-based Jobber, which provides operations management software for home service businesses, has secured $100 million USD in Series D funding led by New York’s General Atlantic. → Read More
CoinSmart to seek monetary damages from Coinsquare following collapse of acquisition deal
CoinSmart has accepted that its acquisition by Coinsquare is not going to happen anymore, but the Canadian crypto trading platform is not happy about it and plans to seek recompense. → Read More
As Clearco and Wayflyer struggle, Paperstack secures $9 million in equity, debt to fuel pivot into e-commerce lending
Amid challenging market conditions, Toronto-based Paperstack sees “a lot of opportunity” to expand its e-commerce lending operations and help fill the gap as big players cut back. → Read More
TSX-listed Magnet Forensics to be acquired by Thoma Bravo in $1.8 billion CAD deal
Kitchener-Waterloo’s Magnet Forensics has entered into a definitive agreement to be acquired by software-focused American private equity firm Thoma Bravo. → Read More
Radical Ventures raising new $550 million USD fund as AI sector heats up
Early-stage Toronto-based VC firm Radical Ventures has launched another fund dedicated to artificial intelligence companies. → Read More
Salesforce layoffs show Canadian employees caught in ongoing Big Tech cuts
Canadian workers continue to feel the impact of mass layoffs at American tech giants as Salesforce reveals staff cuts. → Read More
Layoffs persist at Canadian tech companies amid bleak outlook for 2023
More than a dozen Canadian tech companies have recently laid off employees, BetaKit has learned, joining a growing list of firms to shed staff in 2022. → Read More
The Upside Foundation appoints Juanita Lee-Garcia as new executive director
Juanita Lee-Garcia has been named executive director of The Upside Foundation and tasked with guiding the charitable org through the next stage of growth. → Read More
Durable aims to help solo entrepreneurs launch service-based businesses with AI
Durable recently rolled out its free website builder, which uses generative AI to help other entrepreneurs create company websites. → Read More
Cross-border payments startup Buckzy takes the smart money in downscaled $19.5 million CAD Series A
Buckzy’s Abdul Naushad told BetaKit that this capital will extend the Toronto startup’s runway and help it reach cash flow breakeven by this time next year. → Read More