Canadian startup news of the week (07/07/19)

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

New report provides fresh data on familiar diversity problems in Canadian VC

Of the 300 VC firms and corporate venture arms surveyed, only 11 percent of partners were female, and only 18 percent of employees identified as visible minorities.


How ACTO created 30x revenue growth with the right international expansion strategy

For Toronto-based ACTO, expanding to the US led to a 30x increase in revenue growth. Here’s how the company made the call, and why it worked.


CTRL Labs acquires North’s patents for Myo armband technology

New York-based CTRL Labs is working on a device that can translate electrical muscle impulses into digital signals.


Shawn Cadeau, Sara Cooper join Jobber's executive team

Cadeau will come on as the company’s new chief revenue officer, while Cooper will join as vice president of people.


Startup Milestones


Must Reads

pwc

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.


BetaKit

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.

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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.