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

bitcoin chess piece in front of a computer screen

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

Amid regulatory uncertainty, Coinsquare’s CEO is focused on expanding services while gaining public trust(BETAKIT)

“Ultimately, the mission statement of the business is to build a 21st century financial institution.”

Techstars and Real Ventures launch AI accelerator in Montreal(BETAKIT)

Applications are open until May 13, 2018.

Silicon Valley Bank expanding into Canada with Barbara Dirks as head(BETAKIT)

Silicon Valley Bank applied for the regulatory approvals to establish a branch in Canada back in May 2017.

Startup Milestones

  • Hootsuite raises $65 million from CIBC Innovation Banking (Read here)

  • Merchant Advance Capital closes $30 million debt facility (Read here)

  • Harbr raises $1.75 million to help construction companies predict their schedule (Read here)

  • Canadian government investing $800,000 in cleantech company Accelerated Systems (Read here)

  • BMO partners with Finn.AI, Massively to launch chatbots (Read here)

  • L’Oreal acquires Toronto-based AR company ModiFace (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: Dissect my Deck (Finaeo)(BETAKIT)

Get an investor’s perspective on the good, the bad, and the omitted in a pitch deck.

CanCon Podcast Ep. 107: What if the Women in Tech fund isn’t used for women in tech?

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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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