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
500 Canada will halt all fundraising and make no follow-on investments.
Sources close to the matter told BetaKit that it made more sense to move to Montreal because of its robust, university-led AI ecosystem compared to Kitchener-Waterloo.
The city needs to fill approximately 9,724 ICT positions by 2019.
For the past three years, Mastercard has hosted the Challenge as a way to connect with startups on the ground.
Lending Loop raises $2 million, launches automated investment platform (Read here)
Flexiti Financial raises $6.25 million to scale POS lending platform for retailers (Read here)
RentMoola raises $5 million to accelerate growth in North America (Read here)
CoPower raises $2 million for clean energy investment platforms (Read here)
thisopenspace brings Shopify’s point-of-sale solutions to pop-up shops in Canada and the US (Read here)
SourceKnowledge opens Toronto and Los Angeles offices (Read here)
Montreal-based law firm launches AI assistant to help people navigate Canada’s immigration process (Read here)
In this #BetaKit1on1 (powered by PwC Tech), Sampler CEO and founder Marie Chevrier tells young entrepreneurs to just go for it.
The best VCs are always on.