Canadian startup news of the week (08/11/19)

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


Kik denies all allegations, argues SEC misrepresented evidence in lawsuit

In the 130-page document, Kik offers a detailed, and seemingly aggressive, response to a number of allegations brought against the company by the SEC.


Elevate acquires Startup Open House

The Canadian non-profit organization, led by Razor Suleman, its CEO and co-founder, hopes to expand the open house event.


Canadians want innovative healthtech, but worry about slow adoption

The majority of Canadians want a more tech-driven healthcare system, but not all of them are confident about Canada’s ability to adopt virtual care.


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Startup Milestones

  • Universal mCloud receives a $13M loan (Read here)

  • SalonScale Technology closes a $1M round (Read here)

  • Bridgit raises $1.5M (Read here)

  • BlueRock Therapeutics acquired by Bayer AG (Read here)

  • Kids Code Jeunesse receives $8.1 million CanCode investment (Read here)

  • Haltech receives $307,000 (Read here)

  • FreshSpoke raises $550,000 (Read here)

  • Four Manitoba-based life sciences projects receive $5.9 million from federal government (Read here)

  • Seven Manitoba tech companies receive $7.4 million in loans from federal government (Read here)

  • VentureLAB receives $1.7M from FedDev Ontario (Read here)

  • BlueDot announces second Series A round (Read here)

  • Kruger Biomaterials receives $2M (Read here)

  • Ormuco receives $4M (Read here)

  • Canadian Association for Girls in Science receives a $548,804 investment from the 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.

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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.