Canadian startup news of the week (03/11/18)


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


With aggressive hiring plans, Wattpad doubles down on the Asian market

Wattpad wants to hire 40 people over the next year and continue its focus on building an inclusive culture.


Ex-500 Canada partners close $25 million for new Panache Ventures fundk

Panache Ventures hopes to raise a total of $40 million to carry on 500 Canada’s investment thesis.


Purpose Financial acquires Thinking Capital for reported $200 million

Thinking Capital will retain its headquarters in Montreal and all employees will remain with the company.

Startup Milestones

  • ThoughtWire raises $20 million to build smart cities and hospitals (Read here)

  • ecobee raises $80 million to invest in voice tech, AI (Read here)

  • Mojio tops up $30 million round from Iris Capital and Telus Ventures (Read here)

  • TouchBistro partners with Chase to offer instant payment processing (Read here)

  • Nudnik named winner of PayPal pitch competition at #Dx32018 (Read here)

Must Reads


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

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


Ask an Investor: Should I worry about my VCs replacing me as CEO?

The number one driver of replacement discussions is poor performance of the company.

CanCon Podcast Ep. 106: BetaKit’s origin story

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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.