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
Ontario accelerators in flux after government lapses on CLA program funding(BETAKIT)
Sources have indicated to BetaKit that public money for CLAs has run dry, with no plans from the province to renew or supplement.
New data on Montreal startup ecosystem shows need for investments in scaling, capital(BETAKIT)
In this year’s Startup Genome Global Startup Ecosystem Report, Montreal fell just short of a coveted top 30 spot.
Impact Centre updates Narwhal List to reflect 2019’s big rounds, exits(BETAKIT)
University of Toronto’s Impact Centre has updated its 2019 Narwhal List, a report that highlights Canada’s fastest scaling private tech companies.
Rob Maurin wants to replicate Wave's success at Plooto(BETAKIT)
“That’s really a sweet position for me to be in, to take something with so much potential and bring it to its full realization.”
Startup Milestones
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Mindful receives $2M in funding (Read here)
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Scale AI receives additional $2.34M from the Quebec government (Read here)
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Rival Technologies raises its first financing round (Read here)
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Jetti Resources raises $642,000 (Read here)
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Vendasta raises $40M in growth capital (Read here)
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Universal mCloud acquires Autopro Automation (Read here)
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Kognitiv acquires Xtreme Blockchain Labs (Read here)
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Croesus Acquires softTarget (Read here)
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Landr raises $26M (Read here)
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Flybits secures $45M Series C (Read here)
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Carbonix receives $3.1M (Read here)
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Canada Learning Code receives $9.4M (Read here)
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CBN Nano Technologies receives $40M investment (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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