Canadian startup news of the week (06/24/17)

michael katchen

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

Wealthsimple

Wealthsimple takes service to another FinTech hub with UK expansion

Toby Triebel, who previously co-founded online lending platform Spotcap, will lead Wealthsimple’s UK business.


Wattpad

Wattpad wants to boost its emerging products focus with new residency program

Wattpad is opening up a three-month residency program for teams outside of the company.


BetaKit

League kicks off US expansion with plans for massive $100M USD round by 2018

League plans to be in the top 10 US metro areas by summer 2018.


BetaKit

As Travis Kalanick resigns, Canadian co-founder Garrett Camp says Uber was too focused on growth

Investors pushed Kalanick to resign.


Startup Milestones

  • Hubdoc raises $6 million to remove the administration from accounting (Read here)

  • Logojoy raises $900,000 seed round to stay ahead of design automation space (Read here)

  • Finn.ai wins Capgemini’s $50,000 entrepreneurship and innovation award (Read here)

  • Mindbridge raises $4.3 million with goal to IPO within five years (Read here)

  • Mylo acquires Tactex Asset Management, including asset book of $110 million (Read here)

  • Payfirma launches white label payments platform for financial institutions (Read here)


Must Reads

BetaKit

#BetaKit1on1: Real Ventures’ Janet Bannister shares the most important thing Canadian companies should focus on

“I think the most important thing in order to be a scale up and to be the next unicorn is how do you scale your sales and marketing?” said Bannister.


BetaKit

Ask an Investor: what questions should I ask a PR agency before hiring them?

Working with a PR agency on a launch or as part of an ongoing strategy can have great benefits to your startup.


CanCon Podcast Ep. 72: E3 + Uber fail + Canada’s tech ‘moment’

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Amira Zubairi

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.