Canadian startup news of the week (02/18/19)

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

11 Canadian tech companies to watch in 2019

Here are some of the companies we’re looking forward to watching continue to grow, innovate, and make us all proud to be Canadian.


BetaKit

Leaked documents reveal Sidewalk Labs wants a lot more than Quayside

Sidewalk Labs is looking to redevelop 350 acres in the Port Lands area, nearly 30 times larger than its original 12-acre Quayside proposal.


BetaKit

Alberta commits $100 million to AI companies

The Alberta government announced a $100 million investment over five years to attract more artificial intelligence-based high-tech companies to Alberta.


BetaKit

Which Canadian city has the best FinTech ecosystem?

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.


BetaKit

Shopify reaches milestone, surpassing $1 billion in total revenue in 2018

Shopify has passed the $1 billion USD annual revenue mark, as announced in its fourth quarter and 2018 year-end financial report.


Startup Milestones

  • Government announces $3.9 million for Conavi Medical to improve cardio procedures (Read here)

  • Government announces $13 million investment in Calgary-based cleantech companies (Read here)

  • E3P Technologies Inc. receives $3 million for a zero-emission compressor (Read here)

  • Talemetry acquired by US investment firm in $200M USD three-company merger (Read here)

  • MediaValet raises $1.5 million private placement from key executives, others (Read here)

  • Endy partners with Urban Barn to build brick-and-mortar presence (Read here)


Must Reads

pwc

Report: Canadian tech raised record $4.6 billion CAD in VC funding over 2018

2018 was the largest year in Canadian VC by dollars and deals since CB Insights began collecting MoneyTree data.


BetaKit

Ask an Investor: How can I create optionality after I get an acquisition offer?

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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Photo via Unsplash

Amira Zubairi

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.