Canadian startup news of the week (03/17/19)


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

CVCA report: VC firms invest $1.3 billion in Q4 2018(BETAKIT)

A total of $1.3 billion was invested in more than 165 deals in the quarter, bringing the year-end VC investment total to $3.7 billion.

Wattpad partners with India’s largest media company to expand presence in the region(BETAKIT)

With over 70 million users, Wattpad has offices in Toronto, New York, Los Angeles, and Hong Kong.

Crypto Action Task Force calls for universal framework after QuadrigaCX(BETAKIT)

The Quadriga incident has left a “big, unfortunate stain” on the industry.

Startup Milestones

  • Montreal-based AEPONYX closes $7.9 million CAD Series A (Read here)

  • OrbCare secures $2 million seed funding for healthtech software (Read here)

  • Calgary-based ZayZoon closes $15 million round for financial wellness tools (Read here)

  • Halifax online hairdressing platform, Cribcut, secures $1 million pre-seed funding (Read here)

  • ​CryptoNumerics raises $3.3 million CAD seed funding for data analytics, privacy software (Read here)

  • Fredericton-based Eigen Innovations receives $800,000 government funding (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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