Canadian startup news of the week (07/03/17)

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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

14 Upside Foundation pledges, $25 million commitment to SickKids by 2022 made at #BetaKit150(BETAKIT)

The Upside Foundation has hit its 150×150 Canada Day pledge goal.

This year’s Startupfest reveals changes to $100K Investment Prize, Element AI tent(BETAKIT)

“The $100,000 prize has always been one of the best parts of the event.”

WinTech launches Canada-wide tour to build national report on women’s experiences in tech(BETAKIT)

WinTech will embark on a two-month tour spanning from British Columbia to Newfoundland.

Thalmic files patent describing hologram lenses(BETAKIT)

The filing includes a wearable heads-up display and photopolymer often used in holography.

Startup Milestones

  • Beauceron Security raises $500,000 to expand cyber risk management platform across North America (Read here)

  • Phemi raises $10 million, partners with South Africa-based insurer (Read here)

  • Waterloo-based Bonfire raises $11 million to automate the procurement process (Read here)

  • Shutterstock acquires Toronto-based Flashstock for $65 million (Read here)

  • Real Matters named CIX 2017 Innovator of the Year (Read here)

Must Reads

#BetaKit1on1: League’s Mike Serbinis says Canada’s tech ecosystem needs more wins(BETAKIT)

In this #BetaKit1on1, League founder and CEO Mike Serbinis says “winning begets winning” for Canadian tech.

Ask an Investor: How can I give back with my startup?(BETAKIT)

Rather than being a distraction, embedding a social mission into your company at an early stage can be a major asset to your business.


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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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