Canadian startup news of the week (06/23/09)

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

The Shopify Fulfillment Network will provide US-based merchants with a network of various fulfillment centres.

OCE president

OCE president and CEO Tom Corr steps down following layoffs, budget cuts

This week also saw departures at OMERS, SVB, and OneEleven.

carrot rewards

Carrot shuts down rewards app, files for bankruptcy

“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

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

Prior to the filing, Slack was valued at $7 billion USD, with the public listing valuation rising to around $22 billion.

Startup Milestones

Must Reads


Five Canadian cities with highest volume of investment dollars and deals in 2018

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?

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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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.