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
An OCE spokesperson confirmed with BetaKit that its base funding was cut from $31 million to $13.9 million.
The OCE administers publicly funded programming on behalf of the Ontario provincial government. BetaKit breaks down programs that have been cut.
AIO has provided no funding to its 13 member organizations since March.
HackerYou founder Heather Payne will be travelling to the US to participate in the Silicon Valley accelerator, which officially begins June 4.
“The part that has become more and more consuming is the regulation and the lack of clarity when it comes to regulation.”
Women Entrepreneurship Fund receives $10M (Read here)
Palette Skills receives $1M (Read here)
Renewal Funds, Cycle Capital Management, ArcTern Venture receive $50M (Read here)
Northleaf closes $300M round (Read here)
Damon Motorcycles raises $2.5M (Read here)
CIRA announces 21 projects to receive $1.25M (Read here)
Well Health acquires Kai Innovations (Read here)
Industrial Scientific acquires Intelex (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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