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
“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.”
Toronto-based cannabis software startup Ample Organics has made company-wide layoffs, reducing its staff by around 16 percent, BetaKit has learned.
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.
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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)
PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.
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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