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
Clio raises $330 million CAD Series D funding round(BETAKIT)
“It’s clear something needs to change when the majority of legal problems don’t receive legal assistance.”
Alberta review panel recommends boosting competitiveness, alongside $600 million cut, no new spending(BETAKIT)
Alberta’s Blue Ribbon panel on the province’s finances has publicly released its findings and a set of recommendations.
Build Ventures closes $50.5 million CAD for Fund II(BETAKIT)
Limited partners for Build Ventures II include the various government investors as well as a number of undisclosed private sector investors.
Decentral’s new CEO outlines company roadmap as Ethereum co-founder Anthony Di Iorio steps down(BETAKIT)
BetaKit spoke with the incoming CEO, who outlined the company’s roadmap over the next 12 months.
Startup Milestones
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My Intelligent Machines closes a $2.6M seed round (Read here)
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TheScore secures $40M (Read here)
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Terramera raises $59.5M (Read here)
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PayBright raises $34M in growth equity (Read here)
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Gemba Software Solutions secures $2.9M investment (Read here)
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Rockport Networks receives $12M investment (Read here)
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Nectar raises $1.1M seed round (Read here)
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BooknBrunch wins $30,000 at pitch competition (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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