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
The Shopify Fulfillment Network will provide US-based merchants with a network of various fulfillment centres.
“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.
The loan expansion follows news that the organization lost all its funding from the provincial government of Ontario.
Prior to the filing, Slack was valued at $7 billion USD, with the public listing valuation rising to around $22 billion.
Procurify raises $26M (Read here)
Animikii closes $1M (Read here)
eChart Healthcare raises $800K (Read here)
LiveScale raises $1M round (Read here)
Aerospace Industries of Canada receives $49M (Read here)
Dialogue raises $40M (Read here)
Borrowell closes $20 million round (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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