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
Wealthsimple reported over $4.3 billion in assets under administration (AUA) as of March 31, a 26.4 percent quarter-over-quarter growth.
Sources familiar with the matter confirmed with BetaKit that office doors will close July 31st as part of a refocus of the organization’s efforts in Toronto.
“This is not a case of tough business tactics and clever negotiating strategy.”
Toronto Proptech Lane raises $2.5 million seed round (Read here)
PocketPills raises $2 million for its virtual pharmacy (Read here)
Koho’s $42 million Series B round led by Portag3 Ventures (Read here)
Cybersecurity startup Kobalt closes $1 million CAD founders round (Read here)
Breathe Life launches first product following latest seed round (Read here)
Google invests $500,000 in Canada’s largest STEM outreach (Read here)
Halifax’s SalesRight receives $250,000 in pre-seed funding (Read here)
Toronto-based FinTech Nest Wealth acquires Razor Logic Systems (Read here)
PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.
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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