Canadian startup news of the week (04/21/19)

MaRS Toronto

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

Healthtech-focused iGan Partners adds $50 million to Fund I(BETAKIT)

Toronto-based venture capital and private equity firm iGan Partners announced the second close of its Fund I, securing an additional $50 million to invest in healthtech companies.

MaRS, Communitech, Invest Ottawa receiving $52.4 million for “first-of-its-kind” Scale-Up program(BETAKIT)

The Scale-Up Platform will see Communitech, MaRS Discovery District, and Invest Ottawa come together to support Canadian tech companies.

Path to Canada: Hafsa Imran takes the leap from Pakistan to Toronto(BETAKIT)

Canadian companies have been growing far faster than the universities in the country have been producing new engineers and developers.

Startup Milestones

  • Toronto FinTech, Lendified, raises $15 million CAD Series A (Read here)

  • Telemedicine platform, OnCall Health, raises $2 million CAD (Read here)

  • Hamilton biopharmaceutical raises $140 million CAD for cancer therapy tech (Read here)

  • Tiny acquires Pixel Union, commits $25 million CAD to acquire more Shopify partners (Read here)

  • SheEO receives $2.5 million CAD investment from federal government (Read here)

Must Reads

Canadian tech needs to redefine its sense of scale(BETAKIT)

Canada has become a launch-pad for early-stage companies, but, with a few notable exceptions, we are largely still lacking later-stage success stories.

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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