Canadian startup news of the week (08/26/18)

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

BetaKit

Siri Agrell named OneEleven Toronto managing director

Siri Agrell will assume the role on September 5.


BetaKit

Wattpad releases diversity and inclusion survey results, encourages Canadian tech to do same

Wattpad reported that overall, 56 percent of its employee base were women, and 50 percent of both its design and leadership teams were women.


BetaKit

How I almost died building my tech company

“I worked 12 to 16 hours a day, for well over five years, without a single day off.”


BetaKit

Ex-Shopify leaders launch $10 million angel fund Ramen Ventures

Ramen Ventures hopes to encourage more investment from exited founders in the Canadian tech ecosystem.


Startup Milestones

  • Sonder closes new round, reveals it’s raised $135 million to date (Read here)

  • Spocket raises $1.5 million to power dropshipping for retailers (Read here)

  • Slack raises $427 USD million with $7.1 billion USD valuation (Read here)

  • Canvass Analytics raises $6.5 million CAD from Google’s Gradient Ventures (Read here)

  • Plurilock surpasses $1 million in revenue for biometric authentication software (Read here)

  • Coinsquare set to expand to Europe in Q4 2018 (Read here)


Must Reads

healthtech

Report: AI drives VC investment as Canada hits $900 million USD for second straight quarter

AI experienced a 104 percent funding increase in Q2 2018 compared to last quarter.


BetaKit

Ask an Investor: How does a VC firm work?

How a venture capital fund works behind-the-scenes can be quite confusing and opaque, even for entrepreneurs who spend a lot of time talking to investors.


Can coding education STEM Canada’s tech brain drain? (CanCon Ep. 127)

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Photo via Unsplash.

Amira Zubairi

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.