Canadian startup news of the week (02/25/18)

bill morneau

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

iNovia launches Empower Initiative to support founders from underrepresented groups in tech(BETAKIT)

“The easy thing for us to do would be to sit back and let issues of diversity sort themselves out.”

What to look for in #Budget2018(BETAKIT)

A national data strategy and cybersecurity initiatives are a couple of things to watch for during Tuesday’s budget announcement.

Pebble founder Eric Migicovsky joins Y Combinator as partner(BETAKIT)

Migicovsky is working with incoming companies, with a focus on those in the hardware space.

Startup Milestones

  • Braingrid raises $2.5 million to grow analytics platform for the cannabis industry (Read here)

  • Wealthsimple raises $65 million from Power Financial, bringing total investment to $165 million (Read here)

  • Indigo Fair raises $12 million to help independent retailers source products from creators (Read here)

  • TribalScale names former Tangerine CEO as executive-in-residence of Financial Services Venture Studio (Read here)

  • Payment Source now allows you to pay your taxes using a QR code (Read here)

  • Naborly launches free tenant screening to combat housing discrimination (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: Where is the best place to register my startup?(BETAKIT)

Registration locations change if and when it becomes a business prerogative to do so.

CanCon Podcast Ep. 105: Shopify’s e-cannabis solution

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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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