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
Report finds “pronounced” lack of women and Indigenous leadership in BC tech(BETAKIT)
The report found that just 26 percent of board members in the companies surveyed were women. There were zero people who identified as Indigenous found on boards or in executive roles.
Kim Furlong appointed new CEO of CVCA(BETAKIT)
Furlong will be the first woman to hold the title of CEO at the CVCA.
Report: bootcamp-trained devs make less than the average Canadian developer (but the gap should close)(BETAKIT)
A new report from Course Compare shows bootcamp devs currently make less than the average Canadian developer, with that gap expected to close.
Startup Milestones
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Vancouver’s Jane Software raises $2 million in debt financing from CIBC (Read here)
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CoreLogic’s acquisition of Symbility now complete (Read here)
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Effenco closes $12 million Series A round with help from government’s cleantech commitments (Read here)
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G2 Crowd CEO invests $10 million USD in Ottawa-founded retail tech company ThreeKit (Read here)
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Muse reveals Softband, a sleep meditation headband, at #CES2019 (Read here)
Must Reads
Canadian VC activity is down, but corporate investors are stepping up. Is that a good thing?(BETAKIT)
A new PwC MoneyTree report on Canadian investment shows that in Q3 2018, corporate participation made up 39 percent of all Canadian deals.
Ask an Investor: How can I create optionality after I get an acquisition offer?(BETAKIT)
No matter what stage your business is in, optionality is something you can be proactively driving towards before an acquisition comes your way.
Why Canadian developers are pissed at Facebook (CanCon ep. 138)
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