Canadian startup news of the week (04/29/19)

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

BetaKit

Claudio Rojas, NACO’s new CEO, wants to “see some magic happen” for Canadian entrepreneurs

An exclusive interview with NACO’s new CEO on the state of angel investing in Canada.


BetaKit

Canada’s tech talent industry tracks renewed interest with permanent Global Talent Stream

Why are Russian social media sites posting enthusiastically about Budget 2019? GTS.


BetaKit

Canada’s tech hubs fall in Startup Ecosystem Rankings, smaller cities show promise

“Canada’s major strength lies in the distribution of strong startup hubs scattered throughout the country.”


Startup Milestones

  • Eavor receives $6.7 million from government for geothermal energy technology (Read here)

  • Heyday.ai raises $2 million for AI-powered shopping assistant (Read here)

  • US-founded VanillaSoft receives $1 million from Canadian Government (Read here)

  • Coconut Software receives $1.75 million in debt financing from CIBC (Read here)

  • Voiceflow raises $4.7 million CAD following takeover of American competitor (Read here)

  • Velocity and YC grad, Fuzzbuzz, raises $3.6 million CAD seed round (Read here)


Must Reads

pwc

3 things I wish I’d known before scaling tech companies

Cameron Burke founded two SaaS businesses and was a senior leader at Hootsuite. Here’s what he learned along the way.


BetaKit

Ask an Investor: How can I create optionality after I get an acquisition offer?

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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Photo via Unsplash

Amira Zubairi

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.