Canadian startup news of the week (09/22/19)

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


OrbCare is bankrupt and looking for a buyer after misrepresented finances and debt

Healthtech startup OrbCare is in debt to the point of insolvency, according to documents obtained by BetaKit.


TouchBistro raises $158 Million CAD in Series E funding

OMERS contributed $100 million to the Series E, its largest investment in a Canadian early-stage tech company, to date.


Cleantech VC ArcTern Ventures announces second close, $165 million in Fund II

The raise exceeds ArcTern’s target, which managing partner and co-founder Tom Rand told BetaKit earlier this year was set for $150 million.


Startup Milestones


Must Reads

pwc

Five Canadian cities with highest volume of investment dollars and deals in 2018

PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.


BetaKit

Ask an Investor: How can I create optionality after I get an acquisition offer?

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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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.