Canadian startup news of the week (05/13/18)


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

5 takeaways from Collision 2018 as it prepares to come to Canada(BETAKIT)

Web Summit founder Paddy Cosgrave said Toronto could hope to gain about $147 million over the three years the conference is slated to run.

Kik’s Kin Foundation announces plans to build its own blockchain(BETAKIT)

Eventually, the plan is for Kin tokens running on Ethereum or Stellar to create a unified token over both networks.

OBIO report: Funding and infrastructure key to tackling healthtech’s scaling challenge(BETAKIT)

According to the report, healthtech startups have short runways and problems with procurement.

New physical space, services marketplace lead flurry of Shopify Unite announcements(BETAKIT)

“I think that there will be thousands of businesses started today from the things that we will announce,” said CEO Tobias Lütke.

Startup Milestones

  • Resson raises $14 million Series C with Mahindra & Mahindra (Read here)

  • Miovision closes $15 million convertible note with plans for larger equity round (Read here)

  • LocoNoco raises $500,000 to build robot automation platform for developers (Read here)

  • Smooth Commerce powering Basil Box mobile order ahead and loyalty app (Read here)

  • introduces monetization tool for publishers (Read here)

Must Reads

Report: Canadian tech investment hits record $1.3 billion CAD in Q1 2018(BETAKIT)

Q1’s $1.28 billion funding amount is the largest seen since CB Insights began collecting MoneyTree data in 2012.

Ask an Investor: How do I sell to enterprises?(BETAKIT)

If you haven’t sold to enterprises before, the first thing you must realize is that it’s a process.

CanCon Podcast Ep. 114: Facebook still wants to be super creepy with your data

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Feature photo via Twitter.


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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