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
Kik app acquired by holding company MediaLab(BETAKIT)
The Kik app has officially been acquired by US-based holding company MediaLab. Kik’s staff has also been acquired (separately).
Ritual expands into first non-English speaking markets(BETAKIT)
The app is now available in Hong Kong, Berlin, Hamburg, and Amsterdam.
New Accelerate Okanagan CEO wants to boost OKGN Tech globally(BETAKIT)
Brea Lake spoke with BetaKit about her vision for the region and what she plans to bring to the role.
Wattpad releases third annual diversity and inclusion survey(BETAKIT)
“The lack of diversity in tech, painfully clear to marginalized groups, is now acknowledged as fact.”
Startup Milestones
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CDPQ commits $50 million in additional capital to Quebec seed funds (Read here)
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Chata Technologies raises $4.5M (Read here)
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Flare Systems raises $1M (Read here)
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NERv Technology closes $1M pre-seed round (Read here)
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Converge Technology Solutions acquires Essextec (Read here)
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Beatdapp raises $3.2M (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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