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

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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

Federal gov’t announces winning supercluster proposals(BETAKIT)

The government hopes the superclusters will grow Canada’s economy by $50 billion over the next 10 years.

Startups launch APM program, bringing Valley model to Canadian product managers(BETAKIT)

The program will take a small group of 12 to 15 candidates through six months of vocational placement.

Canadian Securities Exchange building blockchain-based platform for securities clearing and settlement(BETAKIT)

“The Canadian Securities Exchange expects to be the first recognized exchange in Canada to introduce a fully developed blockchain platform for trading, clearing and settling tokenized securities,” said Richard Carleton, CEO of the CSE.

Startup Milestones

  • Ratio.City receives $100,000 from Communitech Fierce Founders Bootcamp Pitch Competition (Read here)

  • Unsplash raises $6.25 million Series A, will top up with $1 million SimpleTokens (Read here)

  • Dialogue raises $12 million to push employee healthcare service across Canada (Read here)

  • Loopio raises $11 million CAD to help enterprises streamline the RFP process (Read here)

  • Frank And Oak raises $20 million to invest in personalized shopping features (Read here)

  • Lyft plans expansion to Ottawa (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: Should I prioritize pitching US investors over Canadians?(BETAKIT)

“These experienced investors are highly valuable in differentiated ways, but they’re not uniquely American traits.”

CanCon Podcast Ep. 104: #weneedboth, but not like this

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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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