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
Sources indicated that the pre-money valuation of the financing priced League at $850 million USD, or $1.1 billion CAD, making it Canada’s last tech unicorn of 2021.
There is a growing consensus that Canadian tech is facing an inflection point — thanks largely to circumstances that could not have been predicted a few years ago.
Clio has secured a new CFO from a fellow Canadian unicorn, marking the second exec departure in recent weeks for Clearco. Curt Sigfstead joined Clio at the beginning of this year as the legaltech firm preps for a potential IPO, becoming the latest in a series of executive additions for Clio.
“Companies need to assess not just what someone has done, but their values,” said Schmitt.
“We expect to see increased deal activity and volume in 2022 as healthtech companies seek growth equity partners to expand their platforms.”
Hybrid workers are vulnerable to cyberattacks. Here’s how employees can play defence at home and in the office
Speaking with BetaKit, Andrew Milne, the Chief Revenue Officer at cybersecurity analytics company Field Effect, explained how employees can partner with their employers to keep sensitive information secure.
Latest Funding, Acquisitions, and Layoffs
VAN – WonderFi to acquire Bitbuy (read more
VAN – Traction Guest acquired by PSG (read more)
VAN – Hubly – $1.7M (read more)
VAN – Wishpond acquires Winback.chat (read more)
CAL – TaxCycle to be acquired by Xero (read more)
CAL – Headversity – $12.5M (read more)
CAL – CDL Rockies promised $4.8M from OCIF, federal government (read more)
TOR – Weedbox acquires Goodtimes (read more)
OTT – Assent Compliance – $446.5M (read more)
MTL – CDPQ invests $100M in AppDirect’s channel partner program (read more)
MTL – Hardbacon acquires Findmytotal.com (read more)
STJ – TrojAI – $3M (read more)
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