Canadian startup news of the week (04/08/18)

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

GDPR is coming—here’s what Canadian tech companies need to do(BETAKIT)

For the Canadian tech industry, the most significant risks may be less obvious.

Wattpad announces Dexter Ong as Wattpad Studios’ head of Asia(BETAKIT)

Ong will work with entertainment studios in Asia to turn Wattpad stories into TV shows, movies, print, books, and digital projects.

RBC no longer allowing the use of credit cards for cryptocurrency transactions(BETAKIT)

The bank had been allowing credit cards to be used in transactions involving cryptocurrency in limited circumstances.

Startup Milestones

  • Dash MD raises $500,000 to help hospitals communicate aftercare to patients (Read here)

  • Coveo announces $100 million investment led by Evergreen Coast Capital (Read here)

  • Morning Recovery raises $10 million CAD to cure hangovers with a scientific approach (Read here)

  • Healthy Pets raises $500,000 for veterinary telemedicine service (Read here)

  • 1QBit and Quantum Benchmark join IBM’s quantum computing program (Read here)

  • Wealthsimple launches savings account (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: Should I repitch a VC firm that’s already passed on me?(BETAKIT)

A guide on how evaluating whether or not you should approach a firm that’s already rejected your pitch in the past.

CanCon Podcast Ep. 109: How BDC spends your money to support 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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