Round13 surpasses $325 million in capital under management with launch of two new funds
Since closing its $95 million first fund in 2017, Round13 Capital has stayed out of the limelight, eschewing the public exposure adopted by most…
Turo, TradeRev headline first 2020 AutoTech meetup on Feb 6th
At the end of 2018, BetaKit partnered with TradeRev to produce an event focused on the future of AutoTech. It was BetaKit’s first foray…
Xanadu receives grant from DARPA to test QML performance on quantum hardware
Toronto-based quantum computing startup Xanadu announced today that it has secured a grant from the Defense Advanced Research Projects Agency (DARPA). An agency of…
MaRS and EDC announce new program for startups expanding internationally
Toronto innovation hub MaRS Discovery District (MaRS) and Export Development Canada (EDC), a crown corporation, announced a new partnership today to help Canadian science…
OMERS Ventures adds experienced partner focused on Canada as firm preps for global fund
OMERS Ventures has a new addition focused on funding the firm’s back yard. Laura Lenz joins the venture capital arm of one of Canada’s…
Planswell CEO attributes company downfall to “social media storm” in investor email
An email to Planswell investors obtained by BetaKit sheds new light on the recent demise of the Toronto-based FinTech startup. Yesterday, the company published…
Planswell shuts down
Toronto-based FinTech startup Planswell is no more. In a notice posted on the company’s website, Planswell indicates that all 57 employees have lost their…
Startup Edmonton partners with Microsoft for Startups Canada
To kick off the sixth annual Edmonton Startup Week, a new startup partner has come to Alberta’s capital city. Local hub Startup Edmonton has…
Leaders Prize offers $1 million for an AI solution to fake news at #TrueNorth19
This afternoon at the True North tech conference in Kitchener-Waterloo, Communitech, in partnership with the Schulich Foundation and Leaders Fund, announced more details on…
Following government cutbacks, OCE makes significant staff cuts
The Ontario Centres of Excellence (OCE) has significantly reduced its staff, BetaKit has learned. OCE confirmed the layoffs, which took place last Thursday, stating…
June #FutureMakers will explain the risks and rewards of digital transformation
Worldwide spending on digital transformation is estimated to reach $2 trillion USD by 2022, according to IDC. Why are companies around the globe dedicating…
Wealthsimple raises $100 million led by Allianz X to build a full stack financial service
Toronto-based Wealthsimple has secured a new $100 million investment round, led by Allianz X, the digital investment unit of German asset manager Allianz Group….
OneEleven to close Ottawa and London offices
Canadian tech hub OneEleven will close down its Ottawa and London, England offices, BetaKit has learned. Sources familiar with the matter confirmed with BetaKit…