Canadian startup news of the week (09/16/18)


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

Ripple Ventures closes $10 million for early-stage Fund I(BETAKIT)

Ripple Ventures, a new early-stage fund based in Toronto, has launched with $10 million closed.

Uber to invest more than $200 million CAD in expanding Toronto presence(BETAKIT)

In the same week, Microsoft committed $570 million to developing its presence in Canada, and $10 million to the Cascadia Innovation Corridor.

Waterloo-based Bonfire acquired for $140 million CAD in ‘Govtech’ merger(BETAKIT)

Bonfire will merge with five other ‘Govtech’ SaaS and cloud platforms to form a new publicly traded company.

How these 14 Canadian tech companies scale-proof their engineering teams(BETAKIT)

“As our ecosystem develops, more and more Canadian companies will grapple with the challenges inherent to scaling.”

Startup Milestones

  • Responsive raises $1.1 million to help wealth managers predict client behaviour (Read here)

  • Q4 raises $49 million CAD Series C led by Napier Park (Read here)

  • Finhaven raises $6.6 million Series A to build tokenized securities exchange (Read here)

  • raises $39 million CAD Series A (Read here)

  • Weever Apps raises $900,000 to help manufacturers digitize paperwork (Read here)

  • Hockeystick and Lazaridis Institute launch DRIVE conference (Read here)

Must Reads

Calgary converting economic downturn into tech opportunity(BETAKIT)

For the first time ever, Calgary was a top five Canadian tech market by deal volume in Q2 2018.

Ask an Investor: How should I handle VC rejection?(BETAKIT)

Your reaction to a VC pass can build or erode your reputation.

Tech productivity tips that actually work (CanCon ep. 128)

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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.

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