Canadian startup news of the week (06/17/18)

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

Here’s the list of Canada’s Developer 30 Under 30(BETAKIT)

The list includes developers that are making strides at their companies and communities.

NVIDIA opening AI lab in Toronto(BETAKIT)

NVIDIA first opened a Toronto office in 2015 through its acquisition of TransGaming.

Canadian government releases details of cybersecurity strategy(BETAKIT)

The cybersecurity strategy has $507.7 million over five years earmarked from Budget 2018.

Twitter Canada announces new managing director and head of revenue(BETAKIT)

Paul Burns will be its new managing director, while Leanne Gibson will be the company’s first head of revenue.

Startup Milestones

  • Breather raises $60 million in equity financing (Read here)

  • Polystyvert raises $11 million to recycle polystyrene with a low carbon footprint (Read here)

  • Every raises $600,000 to build banking platform for online businesses (Read here)

  • Statflo raises $12 million to help wireless carriers find sales leads (Read here)

  • Carrot Rewards adds RBC Rewards points as new reward option (Read here)

  • Finn AI collaborates with Visa Developer to expand its banking chatbot platform (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: What metrics do VCs actually care about?(BETAKIT)

In this edition of Ask an Investor, the investors walk through the metrics you should think about as you enter a VC meeting.

CanCon Podcast Ep. 119: Are we cool with 500 Startups back in Canada if Dave McClure still benefits?

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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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