Canadian startup news of the week (06/03/18)

iot healthcare

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

Bankrupt accelerator Wavefront owes $2.1 million to creditors, documents reveal(BETAKIT)

Wavefront faces claims from 266 organizations and individuals, legal documents show.

With Vector Institute co-founder as advisor, wants to lead ethical AI(BETAKIT)

“It’s akin to the Shopify ambition where we want to grow a platform company, not get acquired too soon, and provide great jobs to people here.”

To build Shopify-like healthtech companies, Ontario must create more incentives(BETAKIT)

Now, more than ever, health technology needs to be the force of change that will ensure the sustainability of our publicly funded healthcare system.

Startup Milestones

  • ecobee raises $47 million and announces new exec hires (Read here)

  • Fresche Solutions secures $78.12 million CAD to help companies manage legacy IBM apps (Read here)

  • Avrij Analytics raises $1.2 million to help sports teams track athletes’ off-field activities (Read here)

  • Onist partners with Quovo to give families access to financial data (Read here)

  • TribalScale appoints Preeti Malik as Venture Studios’ executive-in-residence (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 maximize my time at conferences?(BETAKIT)

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

CanCon Podcast Ep. 117: Should I unplug my Amazon Echo (and other tech questions)?

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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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