Canadian startup news of the week (03/03/19)

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

Influitive lays off 10 percent of staff as company looks upmarket for growth(BETAKIT)

Influitive has reduced its workforce by approximately one third over the last three years.

11 Prairie startups to watch in 2019(BETAKIT)

Here are 11 Prairie-based startups to watch for in 2019, helping to bring the spotlight towards a region that most of the startup world only sees from 30,000 feet on their flights across Canada.

Report: As Alberta’s tech sector matures, rate of new startups is slowing(BETAKIT)

Tech startups comprise 35 percent of the total number of Alberta-owned and operated technology companies.

Southern Ontario startups, not-for-profits receive $1 billion FedDev funding(BETAKIT)

The funding is being committed to three streams: Business Scale-up and Productivity, Regional Innovation Ecosystem, and Community Economic Development and Diversification.

Startup Milestones

  • Dozr receives $14 million CAD investment in Series A (Read here)

  • CB2 Insights closes $5 million CAD oversubscribed private placement (Read here)

  • Vancouver’s Cmd raises $19 million CAD Series B led by Google Ventures (Read here)

  • Medstack raises $2.4 million oversubscribed seed round led by Telus Ventures (Read here)

  • ​Montreal Insurtech Breathe Life raises $4.5 million CAD to accelerate U.S. expansion (Read here)

Must Reads

As VC activity increases, can Fredericton build another Radian6?(BETAKIT)

It’s been eight years since Fredericton produced two nine-figure tech exits. What’s in store for the city in 2019?

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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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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