Canadian startup news of the week (01/14/18)

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

BetaKit

TD acquires Layer 6 in Canadian AI talent grab

All 17 members of Layer 6 will remain at the company.


BetaKit

Globalive’s Anthony Lacavera wants to undergo IPO for blockchain firm by mid-2018

The company is currently raising an initial round of $10 million in seed financing.


BetaKit

Vincent Mifsud steps down as ScribbleLive CEO, becomes board chair

Mifsud told ScribbleLive employees today he would also be taking on a role at another tech company with operations in Toronto.


BetaKit

11 Canadian tech companies to watch in 2018

Grow’s Kevin Sandhu shares his annual list of Canadian tech companies to watch this year.


Startup Milestones

  • Ulula announces $1 million seed round to tackle forced labour (Read here)

  • Igloo Software raises $60 million from Charlotte-based Frontier Capital (Read here)

  • After building 17,000 financial plans, Toronto’s Planswell raises $6.8 million (Read here)

  • BroadbandTV launches business division to build mobile apps for content creators (Read here)

  • Rubikloud raises $46 million Series B from Intel (Read here)

  • Nanoleaf launches 12-sided dice remote for controlling smart home products (Read here)


Must Reads

healthtech

2017 shows healthtech funding primed to grow in 2018

A look at data in PwC’s MoneyTree report shows that Canada’s healthtech sector could see a boost next year.


BetaKit

Ask an Investor: When should I announce my funding round?

As it turns out, ‘immediately’ may not necessarily be the right answer.


CanCon Podcast Ep. 100: Best of Canadian Tech

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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.