Canadian startup news of the week (05/20/18)

business woman

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

Out of money, Wavefront shuts down

According to those familiar with the matter, the incubator and accelerator, which focused on supporting mobile and IoT technology companies, halted operations last Friday.


BetaKit

Newly launched BCF Ventures hopes to spur pre-seed investment in Canada

Montreal’s Founder Institute director Sergio Escobar will oversee the fund.


BetaKit

Highline BETA relaunches Female Funders angel investing program with NACO

Female Funders is partnering with the National Angel Capital Organization to develop an education plan for the Female Funders Angel Academy program.


Startup Milestones

  • Primal secures $2.3 million to develop its semantic AI (Read here)

  • Motorleaf raises $2.85 million to help greenhouses predict their harvest (Read here)

  • #paid raises $9 million Series A to help you find influencers with AI (Read here)

  • Waterloo’s Auvik Networks raises $20 million Series C (Read here)

  • Wave announces payment integration with Microsoft (Read here)


Must Reads

healthtech

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

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


BetaKit

Ask an Investor: How do I maximize my time at conferences?

There are three general motivations for attending a conference – landing customers, impressing investors, and gaining accolades.


CanCon Podcast Ep. 115: Shopify’s Harley Finkelstein on Canadian swagger and enabling entrepreneurship

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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.