Canadian startup news of the week (07/28/19)

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


Canadian VCs caught flat-footed by "insane" changes in US investment regulation

“If every opportunity has to be approved … it’s actually affecting founders adversely. Putting barriers is just increasing friction. It’s just going to be a lose-lose for everyone.”


Ample Organics makes layoffs as capital dries up in Canadian cannabis industry

Toronto-based cannabis software startup Ample Organics has made company-wide layoffs, reducing its staff by around 16 percent, BetaKit has learned.


Toronto one of top three North American markets for tech talent

In a new report released by CBRE, Toronto rose in rankings to become one of the top three markets in North America for tech talent.


Take the BetaKit Newsletter reader survey

Answer 10 quick questions to help us understand you better, then enter to win one of three Starbucks gift cards.


Startup Milestones

  • Simon Fraser University receives $3M in funding (Read here)

  • Venn Innovation receives additional $475,000 from the federal government (Read here)

  • Set Scouter acquires its US competitor Wrapal.com (Read here)

  • Wisely raises $1.5M seed round (Read here)

  • Clik.ai raises $2M in growth capital (Read here)

  • Veühub raises $2M to scale (Read here)

  • FlipGive raises $5M Series A (Read here)

  • Ratio.City raises $1M seed round (Read here)

  • Canadian Agri-Food Automation and Intelligence Network receives $49.5M (Read here)

  • Canadian Food Innovators Network receives $30 million from federal government (Read here)


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.

Subscribe to B|K: The BetaKit Newsletter

Subscribe to B|K using the form below to ensure the best from BetaKit hits your inbox every week.

* indicates required




Photo via Unsplash

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.