Canadian startup stories of the week (05/06/17)

Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page.

Top Stories of the Week

Shopify

Shopify reports $127.4 million total revenue in Q1 2017, up 75% YoY

Shopify’s monthly recurring revenue was $20.7 million, up 62 percent compared to $12.8 million during the same time last year.


SurePath

SurePath Capital Partners expands to San Francisco with perfect funding track record

SurePath is also celebrating its second birthday this week.


BetaKit

Elon Musk’s Vancouver TED Talk will help you “not be sad” about the future

“If the future does not include being out there in the stars and being a multiplanet species, I find that incredibly depressing,” said Musk.


Startup Milestones

  • Zymeworks raises $80 million CAD in IPO (Read here)

  • Pythian raises $15 million from BDC Capital for European expansion (Read here)

  • Universe co-founder launches latest venture, Growlabs, with $3 million in funding (Read here)

  • ecobee launches next gen smart thermostat with built-in Alexa in the US (Read here)

  • Wealthsimple receives Webby Award for Best Financial Services and Banking website (Read here)


Must Reads

BetaKit

PwC MoneyTree report: Q1 deal activity hits 2015 low, while foreign investment heats up

Deal activity dropped 25 percent through the quarter from Q4 2016, with deals in Q1 2017 hitting the lowest figure since Q3 2015.


BetaKit

Ask an Investor: What do investors look for in a founding team?

Many venture capitalists prefer to back founders that have already had one successful exit.


CANCON PODCAST EP. 66: Tech jobs are the best jobs + getting more women on boards

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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.