Canadian startup news of the week (02/04/18)


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

Ethereum Capital wants to raise $50 million to invest in Ethereum-based companies(BETAKIT)

Ethereum Capital will acquire Ether and make strategic acquisitions of controlling stakes in Ethereum-based businesses.

Hootsuite’s Ryan Holmes: We need to get religious about AI before it’s too late(BETAKIT)

“As AI grows in sophistication and application, we need, more than ever, a corresponding flourishing of religion, philosophy, and the humanities.”

Kirstine Stewart joining TribalScale as president and chief revenue officer(BETAKIT)

Kirstine Stewart will focus on supporting the growth of TribalScale’s Venture Studios.

Startup Milestones

  • Drop closes $25.8 million Series A, repatriates former Airbnb exec (Read here)

  • Busbud raises $14 million Series B with former Expedia CEO, Luxury Retreats investors (Read here)

  • Bench raises $23 million to expand its accounting automation features (Read here)

  • Platterz raises $18 million and adds former GrubHub president, Lyft EVP to advisory board (Read here)

  • mnubo raises $16.5 million to help manufacturers embrace IoT (Read here)

Must Reads

PwC MoneyTree report: Canadian tech raised $3.3 billion in 2017 as AI and FinTech stayed hot(BETAKIT)

Canadian companies raised $3.3 billion CAD across 333 deals in 2017.

Ask an Investor: How do I handle VCs at the end of their investment period?(BETAKIT)

CanCon Podcast Ep. 102: Why Tim Cook’s a “big fan” of Shopify

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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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