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