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
Ann Cavoukian still has problems with Sidewalk Labs’ approach to data with Quayside(BETAKIT)
“You cannot have freedom and liberty without a solid foundation of privacy. If you value that, you have to go to great lengths to protect that.”
Waterfront Toronto raises concerns as Sidewalk Labs releases Quayside master plan(BETAKIT)
“Personally, I am uninterested in debating the merits of what the content of this proposal is. The proposal is theatre,” said founding #BlockSidewalk member Saadia Muzaffar.
Sidewalk Labs master plan includes $20 million CAD in venture funding, space for startups(BETAKIT0
Sidewalk Labs would invest $10 million to establish a new venture fund for Toronto and Ontario-based startups.
Bird to launch dockless e-scooter in Canada this summer(BETAKIT)
Bird will launch in Alberta in July and plans to expand its fleet of e-scooters and other commuter solutions to other communities across Canada soon after.
Startup Milestones
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Zentrela, Stabilo Medical, Lucid, Village Technologies, Vena Medical, and Ocutherapy take home $50K (Read here)
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Bus.com closes $19.6M (Read here)
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VentureLAB recieves $5M (Read here)
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Waterloo EDC secures $3M (Read here)
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Fellow.app closes $8.58M (Read here)
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Dfuse raises $4.5M (Read here)
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BenchSci closes $6.7 million round (Read here)
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Felix Health Inc. raises $750K seed round (Read here)
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Carbon Engineering secures $25M (Read here)
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Inventys receives $13M (Read here)
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Xanadu closes $32M (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.
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