Canadian startup news of the week (06/24/18)

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

Advocacy groups call on Canadian government to tackle digital rights in petition(BETAKIT)

“Whatever we let happen is a choice. Sitting out of a development that’s happening that’s going to impact everybody—but some people more than others—is a choice.”

How DCTRL creates the foundation for Vancouver’s blockchain companies(BETAKIT)

The location is a radical, artist-run basement that has acted as the crucible for the majority of the city’s blockchain companies.

Ask a Lawyer: How should I design my employee stock option plan (ESOP)?(BETAKIT)

It’s critical to have proper legal documentation in place when establishing a stock option plan.

PayPal set to acquire Hyperwallet for $400 million(BETAKIT)

HyperWallet, which was founded in Vancouver, provides organizations with a way to distribute funds to their sellers, content producers, contractors, suppliers, and resellers.

Startup Milestones

  • CareGuide raises $6 million Series A, acquires Nannies4Hire (Read here)

  • TouchBistro raises $72 million Series D round (Read here)

  • POTLOC raises $2.5 million to help retailers predict the success of new locations (Read here)

  • Elastic Path raises $43 million to help large retailers future-proof their ecommerce (Read here)

  • Acoustic Zoom closes $1.3 million from Goldcorp after #DisruptMining win (Read here)

  • FundThrough raises $34 million led by ScaleUP Ventures, David Mirvish (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 do the different share classes mean for me and my startup?(BETAKIT)

In an attempt to demystify the jargon floating around, here is a rundown of all the common names and the typical features associated with each.

CanCon Podcast Ep. 120: Canadian tech’s forgotten sector

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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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