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
The same week he shut down chat messaging app Kik, CEO Ted Livingston took the Elevate Money stage (programmed by BetaKit) to talk about the regulatory fight against digital currencies.
JF Gagné, CEO of Element AI, talked about barriers in bringing artificial intelligence to market at the Elevate AI stage (programmed by BetaKit).
At Elevate, BetaKit’s Douglas Soltys sat down with Wealthsimple’s Michael Katchen to talk about what it takes to build a successful FinTech company.
A Medium post has accused Planswell’s co-founder and former chief marketing officer of the sexual harassment of a former Planswell employee.
Verafin closes $515 million in financing (Read here)
Hopper acquires Gravy (Read here)
Knøx raises $8.25M (Read here)
Wealthsimple acquires SimpleTax (Read here)
ODAIA raises $1.6M (Read here)
Plum raises $4.2M USD (Read here)
Panache Ventures annouonces $58M close of inaugural fund (Read here)
PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.
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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