Canadian startup news of the week (07/15/18)

women founders

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

NextAI launching in Montreal in February 2019(BETAKIT)

Companies selected to participate in NextAI-Montreal’s first cohort will receive up to $200,000 in seed funding for their businesses.

Quebec government selects OSMO Foundation and Montreal Inc. as regional innovation hub(BETAKIT)

As the regional hub for the Montreal region, a financial contribution of $400,000 will be disbursed annually to the hub.

New report indicates just 14 percent of Canadian VCs are women(BETAKIT)

The report also found that on average, women make up less than 15 percent of angel groups’ membership.

Government announces RFP to compile data on women entrepreneurs(BETAKIT)

The government is seeking third parties to launch and operate a “women entrepreneurship knowledge hub.”

Startup Milestones

  • Interaxon acquires Colorado-based Meditation Studio to offer meditation courses (Read here)

  • Chronogolf raises $2 million to offer golf courses inventory management, payment solutions (Read here)

  • Eventbase raises $8.56 million from BC Tech Fund, Madrona Venture Group (Read here)

  • Stradigi AI partners with Berlin-based IeAD sports accelerator (Read here)

  • Coinsquare launches white label licensing platform (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’s the difference between convertible debt, SAFE, and KISS?(BETAKIT)

SAFEs, in particular, try to solve for one of the annoying bits of convertible notes, which is interest.

The Canadian tech stories we don’t talk about enough (CanCon Podcast Ep. 122)

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Photo via Unsplash.


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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