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
Chamber of Digital Commerce recommends building blockchain framework in Canada(BETAKIT)
The organization said Canada’s digital asset ecosystem is being stifled due to a lack of regulatory clarity and commitment from the government.
Global Talent Stream on track according to OECD report on Canada’s immigration system(BETAKIT)
Canada’s economic immigration system is the largest, most comprehensive, and elaborate among OECD countries, according to the report.
Wattpad tracks 80 million monthly users, 23 percent increase since 2018(BETAKIT)
The company reported that its users now spend an average of 22 billion minutes a month reading the platform’s original stories.
Canada Learning Code receives $117,000 because the Raptors stomped the Warriors(BETAKIT)
Did we mention that Kyle Lowry outscored the Warriors 11-2 in the opening minutes of the deciding Game 6?
Startup Milestones
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Nudge Rewards raises $12M (Read here)
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FanSaves wins $100,000 investment (Read here)
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Photonamic acquires MolecuLight (Read here)
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Nuvei acquires SafeCharge for $1.1 billion (Read here)
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NEXT Canada receives $1M investment (Read here)
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MinuteBox acquires Conductor (Read here)
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Properly raises $22M Series A (Read here)
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Telus Health acquires Akira Health (Read here)
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SomaDetect closes $2.6M seed round (Read here)
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Fiix acquires Alchemy IoT (Read here)
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Curv Health raises $1.5M (Read here)
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Hardbacon raises over $680,000 (Read here)
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SalonScale Technologies closes $1M seed round (Read here)
Must Reads
Five Canadian cities with highest volume of investment dollars and deals in 2018(BETAKIT)
PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.
Ask an Investor: How can I create optionality after I get an acquisition offer?(BETAKIT)
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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