Canadian startup news of the week (1/26/20)

wealthsimple

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


11 Canadian tech companies to watch in 2020

Grow founder Kevin Sandhu shares his annual list of Canadian tech companies that will make significant strides in 2020.


Mastercard commits $510 million for new global cybersecurity centre in Vancouver

Called the Intelligence and Cyber Centre, the space is Mastercard’s sixth global technology centre and its first in Canada.


Round13 surpasses $325 million in capital under management with launch of two new funds

Round13 has announced two new funds, bringing the Canadian venture firm to over $325 million in capital under management.


Toronto startup Nudge.ai is shutting down

Speaking to BetaKit, Teshima attributed the decision to shutter the business to a “combination of things” that led to “a challenging next raise and next option.”


Wealthsimple for Advisors to be acquired by Purpose Advisor Solutions

The acquisition has yet to close and the purchase price is not currently being disclosed.


Turo, TradeRev headline first 2020 AutoTech meetup on Feb 6th

BetaKit and TradeRev are happy to announce the first AutoTech meetup of 2020.


Startup Milestones


POWERED BY SAGE INTACC

YOU’RE INVITED: SAGE CFO 3.0 BREAKTHROUGH FINANCE PANEL FEB 19

70% of Canadian financial decision-makers are responsible for driving digital transformation in their business. Thanks to the disruptive landscape of digital technology, it has never been more important for CFOs to stay informed of the latest trends impacting their industries.

Join Sage in Toronto on February 19 for an event bringing together senior finance professionals to discuss and learn more about the evolving role of the CFO.


SIX SOCIAL RESPONSIBILITY TRENDS FOR TECH COMPANIES IN 2020

CSR, once reserved for established companies, is becoming more important at an earlier stage.


FOUR PREDICTIONS FOR CANADIAN TECH HIRING IN 2020

More and more, investors are pushing tech companies to set up shop in Toronto, Vancouver, and plenty of places in-between


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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.