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
Shopify reveals Amazon-style fulfillment centres, 3D product display at Shopify Unite(BETAKIT)
The Shopify Fulfillment Network will provide US-based merchants with a network of various fulfillment centres.
OCE president and CEO Tom Corr steps down following layoffs, budget cuts(BETAKIT)
This week also saw departures at OMERS, SVB, and OneEleven.
Carrot shuts down rewards app, files for bankruptcy(BETAKIT)
“Even though we gave it our all, our funds eventually ran out and we could no longer be in business,” said Andreas Souvaliotis, founder and CEO.
As Futurpreneur grows its loan offering, Ontario cuts funding(BETAKIT)
The loan expansion follows news that the organization lost all its funding from the provincial government of Ontario.
Slack shares surge after direct listing on the NYSE(BETAKIT)
Prior to the filing, Slack was valued at $7 billion USD, with the public listing valuation rising to around $22 billion.
Startup Milestones
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Procurify raises $26M (Read here)
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Animikii closes $1M (Read here)
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eChart Healthcare raises $800K (Read here)
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LiveScale raises $1M round (Read here)
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Aerospace Industries of Canada receives $49M (Read here)
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Dialogue raises $40M (Read here)
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Borrowell closes $20 million round (Read here)
Must Reads
Five Canadian cities with highest volume of investment dollars and deals in 2018(BETAKIT)
PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.
Ask an Investor: How can I create optionality after I get an acquisition offer?(BETAKIT)
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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