Canadian startup news of the week (03/04/18)

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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

#Budget2018 includes focus on women entrepreneurs, $572.5 million towards big data strategy(BETAKIT)

The government will provide $105 million over five years for regional development agencies supporting investments in women-led businesses.

Kik’s Ted Livingston says the world-changing idea behind bitcoin isn’t what you think(BETAKIT)

“Bitcoin is only the first decentralized incentive platform. There are many other problems we can work together to solve in a similar way.”

ScribbleLive lays off 27 employees to ‘streamline organization’ amid search for new CEO(BETAKIT)

The layoffs are around 10 percent of Scribble’s total workforce.

500px acquired by Visual China Group, CEO Andy Yang steps down(BETAKIT)

CEO Andy Yang is stepping down and moving to an advisory role.

Startup Milestones

  • PointClickCare raises $186 million from Dragoneer (Read here)

  • Jiffy on Demand raises $3 million to continue US expansion (Read here)

  • Upchain raises $7.4 million to help companies manage product lifecycles (Read here)

  • Kanetix partners with Integrate.AI to implement machine learning capabilities (Read here)

  • Indochino announces strategic investment from Mitsui, new showroom locations (Read here)

Must Reads

Canadian startup funding in 2017: A city-by-city ecosystem review(BETAKIT)

BetaKit spoke with PwC’s tech team from cities across Canada, covering standout sectors and what each ecosystem needs to thrive.

Ask an Investor: What do VCs not care about?(BETAKIT)

You’ve heard the things you should do in a VC pitch – but what are pitfalls to avoid?

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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