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
Web Summit founder Paddy Cosgrave said Toronto could hope to gain about $147 million over the three years the conference is slated to run.
Eventually, the plan is for Kin tokens running on Ethereum or Stellar to create a unified token over both networks.
According to the report, healthtech startups have short runways and problems with procurement.
“I think that there will be thousands of businesses started today from the things that we will announce,” said CEO Tobias Lütke.
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)
Soko.ai introduces monetization tool for publishers (Read here)
Q1’s $1.28 billion funding amount is the largest seen since CB Insights began collecting MoneyTree data in 2012.
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.