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
Shopify terminates stores affiliated with Trump(BETAKIT)
Shopify has taken down online stores run by the Trump Organization and Trump campaign following the riot held at the United States Capitol.
Hootsuite expanding into customer service, acquires Sparkcentral(BETAKIT)
This expansion represents a new use case for the social media management company.
Wave's shift in focus prompts competitor to stir the pot(BETAKIT)
Wave’s announcement highlighted several changes coming into effect, including limiting new sign-ups to accounts based in Canada and the US.
Coinsquare makes changes to business, tech as it faces increasing competitive pressures(BETAKIT)
New Coinsquare CEO, Stacey Hoisak, told BetaKit the decisions reflected a “streamlined” business plan.
Latest Funding, Acquisitions, and Layoffs
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Emerge Commerce acquires truLOCAL (Read here)
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Converge Data Solutions acquires Vicom Computer Services, Vivvo Application Studios, CarpeDatum (Read here)
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Next Level Games to be acquired by Nintendo (Read here)
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iLobby raises $100M USD (Read here)
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Canary Medical secures $25.3M venture loan (Read here)
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54e Dev Studios announces $1.7M seed round (Read here)
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Willow raises $1.3M seed round (Read here)
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Apollo closes $13.5M Series A round (Read here)
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MCI Onehealth closes $30M initial public offering (Read here)
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Think Research to acquire Clinic 360 (Read here)
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Red Hat to acquire Stackrox (Read here)
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Wishpond acquires Invigo Media (Read here)
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Sage Capital and Cetina Capital acquire Crowd Control (Read here)
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Xpertdoc Technologies acquired by Experlogix (Read here)
RECOMMENDED BY HOCKEYSTICK
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
THE PERILS OF BAD DESIGN(BETAKIT)
COVID-19 has forced us to change our way of doing things, and that involves some new piece of tech. And that tech… doesn’t work so well. Is it because it was poorly designed, or not designed for you at all?
YEAR FROM HELL, YEAR IN REVIEW(BETAKIT)
“This year f*cking sucked. Let’s review.” Past Black Swan guests return to share what’s changed in the COVID year since their last appearance, and what to expect in 2021.
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