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 (BETAKIT)
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(BETAKIT)
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(BETAKIT)
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
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Lift & Co. closes $3.5 million private placement (Read here)
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Maple Precision, SquidBio, Stacktronic, Watfly win $50,000 at pitch competition (Read here)
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Daisy Intelligence raises $10M (Read here)
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Neuvoo raises $53M (Read here)
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Sourced closes $20M round (Read here)
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Finger Food receives $3.5M from Opportunity Calgary Investment Fund (Read here)
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Showpass acquires Token Mobile Solutions (Read here)
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Maple raises $14.5M (Read here)
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Primped launches with $210,000 in funding (Read here)
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Patchell Brook Equity Analytics raises $360,000 (Read here)
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Yardly raises $1M (Read here)
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Trulioo raises $70M (Read here)
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Ernst & Young acquires ElevatorPrompt (Read here)
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Classcraft raises $10M (Read here)
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GenM acquires Correly (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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