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
11 Canadian tech companies to watch in 2019(BETAKIT)
Here are some of the companies we’re looking forward to watching continue to grow, innovate, and make us all proud to be Canadian.
Leaked documents reveal Sidewalk Labs wants a lot more than Quayside(BETAKIT)
Sidewalk Labs is looking to redevelop 350 acres in the Port Lands area, nearly 30 times larger than its original 12-acre Quayside proposal.
Alberta commits $100 million to AI companies(BETAKIT)
The Alberta government announced a $100 million investment over five years to attract more artificial intelligence-based high-tech companies to Alberta.
Which Canadian city has the best FinTech ecosystem?(BETAKIT)
We decided to crunch some numbers to test out if any of Canada’s major ecosystems have a significant advantage and, if so, to what degree.
Shopify reaches milestone, surpassing $1 billion in total revenue in 2018(BETAKIT)
Shopify has passed the $1 billion USD annual revenue mark, as announced in its fourth quarter and 2018 year-end financial report.
Startup Milestones
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Government announces $3.9 million for Conavi Medical to improve cardio procedures (Read here)
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Government announces $13 million investment in Calgary-based cleantech companies (Read here)
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E3P Technologies Inc. receives $3 million for a zero-emission compressor (Read here)
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Talemetry acquired by US investment firm in $200M USD three-company merger (Read here)
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MediaValet raises $1.5 million private placement from key executives, others (Read here)
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Endy partners with Urban Barn to build brick-and-mortar presence (Read here)
Must Reads
Report: Canadian tech raised record $4.6 billion CAD in VC funding over 2018(BETAKIT)
2018 was the largest year in Canadian VC by dollars and deals since CB Insights began collecting MoneyTree data.
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.
Why 2019 will reveal Canada’s new tech darling (CanCon ep. 139)
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