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
Sonder raises $210 million USD, surpassing $1 billion valuation(BETAKIT)
The raise and new valuation make Sonder the latest Canadian-founded company to reach unicorn status.
CVCA, other Canadian orgs pen letter to US over “onerous” investment law(BETAKIT)
The US Department of the Treasury is being urged to exempt Canadian businesses from a law that could stifle Canadian investments into US startups.
Minister Ng shares plan to build capacity for women entrepreneurs as WES invests $3.2 million into Québec(BETAKIT)
“This is about being able to build the right tools for women entrepreneurs to start and grow their businesses in Québec.”
Dax Dasilva says newest Lightspeed features last needed to chip away at incumbent POS providers(BETAKIT)
Adding new inventory features is a key component for the recently public company, which offers its POS systems in a saturated market.
Startup Milestones
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Mnubo acquired by AspenTech for $102M (Read here)
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BDC earmarks $300 million in loans for Atlantic Canada companies (Read here)
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RBC acquires PayWay (Read here)
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District Ventures brings its total fund size to $70 million (Read here)
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C2RO raises $2.25M (Read here)
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Future Skills Centre invests $7.65M (Read here)
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IBM closes Red Hat acquistion (Read here)
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Alexander Mann Solutions acquires Karen HR (Read here)
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Securicy raises $1.8M (Read here)
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Weever Apps raises $1.6M (Read here)
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CRIN receives $450,000 (Read here)
Must Reads
Five Canadian cities with highest volume of investment dollars and deals in 2018(BETAKIT)
PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.
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.
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