Canadian Startup News of the Week (7/24/22)

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. If you prefer this update to have it hit your inbox every week, be sure to sign up for the BetaKit newsletter using the form at the bottom of this page.

The main news of the week

Real Estate Auction Forum Sues Real Estate Associations For Unclaimed $25 Million

We are only advocates for transparency. [and] There is no transparency about traditional real estate,” said CEO Ryan O’Connor.

A CB Insights report says Canada’s fintech funding will hit a low in Q2 2022.

The report also found that in Q2 2022, funding in Canadian fintech companies fell 75 percent quarter-on-quarter, from $1.2 billion to $300 million. Compared to the same period last year, when $1 billion was raised, this second quarter’s funding was down 70 percent.

Shopify launches YouTube shopping integration in new social commerce push

Shopify businesses can sell their entire product line on YouTube with live groups, videos, and a new store tab added to the seller’s YouTube channel. Meanwhile, sometimes competitor Lightspeed wants to better integrate with OpenTable.

Stradigi.ai has laid off more than two-thirds of its employees, but has vowed to continue.

CEO and co-founder Basil Boraropoulos told BetaKit that the startup is committed to continuing as a viable business: “The company has temporarily streamlined its operations to essentials and remains focused, while various stakeholders continue to work together on a long-term solution.” “

Transpod has unveiled its “ultra-high speed” FluxJet vehicle as it begins construction on the proposed Alberta track.

The FluxJet electric car is designed to carry people and goods in a low-pressure, sealed tube environment at speeds in excess of 1,000 kilometers per hour—which Transpod says makes it “faster than a jet and three times faster.” High speed train.”

Why now is the time for Canadian startups to hire globally.

By adding remote workers or helping them relocate to Canada, access to international talent can help fill a widening skills gap as Canada’s technology ambitions grow.

“They want to feel safe staying in this country,” says Feruza Dajamalova, founder of Sobirov’s Law, a boutique business immigration law firm in Toronto.

Check out these Canadian tech venture funding reports for Q2:

Recent funding, acquisitions and layoffs

• VAN – Intelligent City – $22M (read more)

• Van – Bloom – $2M (read more)

• SUR – BC, SFU to launch new agtech center with provincial, federal funding (read more)

• CAL – Radical purchased by BMO (read more)

• TOR – Oncostics – $5.5M (read more)

• SCA – Darwin – $20m (read more)

Mark McQueen thinks it’s a great time to get a checkbook

As we look at companies today, I remember what it was like in the summer of 2000. You can play as an investor and as an entrepreneur.

The president of CIBC Innovation Banking isn’t worried about the current technology downturn.

Addressing the lack of access to capital for indigenous entrepreneurs

“Confidence, and the scale of Indigenous influence, and the well-being of Indigenous families sit back with risk.”

Paul Lacerte, Managing Partner of Raven Capital, explains how the firm invests in indigenous influencers in a traditionally safe way.

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