Canadian startup news of the week (01/21/18)


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

Toronto only Canadian city to make #AmazonHQ2 shortlist(BETAKIT)

Amazon will do a deeper dive into the proposals of shortlisted cities over the coming months.

Sidewalk Labs’ Dan Doctoroff says data won’t be used for commercial purposes in Quayside project(BETAKIT)

“We’re not going to use data for commercial purposes. Data will be used to improve quality of life.”

10 Montreal tech companies to watch in 2018(BETAKIT)

Check out this year’s list of Montreal tech companies to watch in 2018.

5 Kitchener-Waterloo tech companies to watch in 2018(BETAKIT)

Here’s a roundup on the Waterloo Region companies set to make strides this year.

Startup Milestones

  • RateHub raises $12 million Series A to build end-to-end mortgage platform (Read here)

  • Wattpad raises $61.25 million to continue investment in machine learning, interactive storytelling (Read here)

  • Hyr raises $1.6 million to help retailers embrace the gig economy (Read here)

  • Globalive Technology Partners and Nuuvera using blockchain to ensure safety in cannabis products (Read here)

  • With $3.5 million seed round, Vention launches platform that automates industrial design (Read here)

Must Reads

2017 shows healthtech funding primed to grow in 2018(BETAKIT)

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


Ask an Investor: How do I manage remote workers?(BETAKIT)

Aim for over-communication and nailing the little things.

CanCon Podcast Ep. 100: Best of Canadian Tech

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Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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