Canadian startup news of the week (07/23/17)

Sarah Lacy

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

PwC MoneyTree report: AI “gold rush” might save a sluggish 2017 in VC deals(BETAKIT)

Corporations and corporate venture arms are also filling a gap in a softening funding environment in Q2 2017.

Pando’s Sarah Lacy explains why “toxic masculinity” pervades Silicon Valley(BETAKIT)

“It’s all been about this big man syndrome.”

Toronto and Vancouver make Dell’s list of top 50 cities supporting women entrepreneurs(BETAKIT)

“Globally, women’s entrepreneurship rates are growing more than 10 percent each year.”

Startup Milestones

  • Borrowell raises $57 million from Portag3, FirstOntario Credit Union (Read here)

  • FreshBooks raises $57 million to invest in North American expansion (Read here)

  • Ada Support raises $2.5 million to develop AI chatbot for customer support requests (Read here)

  • Highmark Interactive raises $2 million to treat people with brain injuries using video games (Read here)

  • On the heels of Startupfest win, Flashfood raises $1.5 million seed round (Read here)

  •’s Soroush Ghodsi the youngest Canadian entrepreneur to join Y Combinator (Read here)

  • Street Contxt expands its sell side platform to buy side investors (Read here)

Must Reads

#BetaKit1on1: Ahead of Elevate Toronto, Razor Suleman says Canada needs to brag more about its tech accomplishments(BETAKIT)

In this episode of #BetaKit1on1, Elevate Toronto CEO and co-founder Razor Suleman says success begets success.

Ask an Investor: How do I choose an incubator or accelerator?(BETAKIT)

Early-stage companies and ideas are fragile, and partnering with the wrong accelerator can be destructive.

CanCon Podcast Ep. 76: Saadia Muzaffar, Harley Finkelstein, Bruce Croxon at BetaKit 150

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Feature image courtesy Twitter.


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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