PitchBook analysts say 2023 VC funding is “pretty much shot,” long-term recovery appears likely

As the economy has deteriorated, non-traditional investors have pulled back from the venture capital (VC) space and the initial public offering (IPO) market has cooled. Combined, these factors have put a strain on the VC market,PitchBookanalysts told BetaKit during an interview at the Collision Conference in Toronto. There is still “a huge spread” between what…

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Immigration Minister details strategy for attracting foreign tech talent, digital nomads

Canada is in a global race for the worldwide tech talent pool, according to Immigration Minister Sean Fraser. In a bid to stay ahead of competition, Fraser introduced what he called the country’s first strategy focused on attracting foreign tech workers. Several new initiatives and updates to Canada’s existing foreign worker programs were announced. Among…

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Elevate and The Firehood receive $2.3 million in federal funding to train women leaders

Elevate and The Firehood have developed two eight-week interlinked workshops for women on investing and entrepreneurship. TheWomen + Investor Incubatorwill introduce aspiring women and gender-diverse angel investors to the world of startup investment, while theWomen + Entrepreneur Incubatorwill prepare entrepreneurs to pitch for a $100,000 cash investment prize, funded by angel investors, at Elevate Festival….

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Neo Financial launches secured credit card to help Canadians build credit

Neo Financialhaslauncheda secured credit card designed to help Canadians build a history of borrowing and boost their credit scores. According to the Calgary and Winnipeg-based FinTech firm,Neo Secured Creditoffers unlimited cashback and rewards that are usually reserved only “for top-tier, annual fee credit cards.” Secured credit cards can help folks facing difficulty accessing credit build…

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Jombone secures $1 million from FedDev to address industrial staffing needs

Toronto-based startupJombone, which offers a digital staffing platform, has secured a $1-million investment from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to address the hiring needs of companies in the industrial sector. Backed by FedDev Ontario, Jombone said it plans to hire 26 people for “highly skilled” jobs at the startup in…

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Shipping container marketplace Boxhub raises $12.4 million for global expansion

Toronto-based startupBoxhub, which offers an online marketplace for shipping containers, has raised a $12.4-million Series A round. Early-stage venture fund AlleyCorp led the round with participation from Solasta Ventures, Interplay VC, FJ Labs, and Hum Capital. AlleyCorp partner Susannah Shipton has also joined Boxhub’s board of directors. While there was a shipping container shortage during…

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