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
Techstars Toronto’s all-international cohort prompts discussion on role of city-based accelerators
Previous Techstars Toronto cohorts have featured an interesting balance between homegrown Canadians and international founders looking to the program to scale their business in Canada. But the latest cohort was unique: for the first time, it comprised only non-Canadian companies.
Deloitte Canada launches $150 million CAD venture capital fund
After tracking rising technology startups for a number of years with its annual Technology Fast 50 list, Deloitte Canada is getting into the venture capital business itself.
Michael Hyatt joins Northleaf Capital Partners as senior advisor
Northleaf Capital Partners has added noted Canadian tech entrepreneur and investor Michael Hyatt as senior advisor to the firm’s venture capital and growth equity program. Elsewhere in Canadian VC moves, Inovia Capital promoted Hugues Lalancette to partner on the firm’s growth investment team.
MaRS launches new $100 million Graphite IAF fund
The fund will also see a $25 million investment from Canadian pension fund OMERS, as well as contributions by entrepreneurs from past IAF investments.
Bench CEO and founder Ian Crosby out, company brings in president
“I told everyone I was ready to move on to the next thing,” Crosby told BetaKit in an interview.
Ottawa entrepreneur Brad Rollo remembered for his passion and enthusiasm
John Bradley “Brad” Rollo died in his sleep from cancer on December 24th, 2021. Rollo’s death triggered an outpouring of remembrances and tributes from his family and friends.
Toronto shattered venture funding records in 2021 as city grew accustomed to billion-dollar quarters
Investment in Toronto tech grew 400 percent in 2021, according to data from briefed.in. In Western Canada, British Columbia’s tech sector reached new heights last year, and Calgary saw strong results as deal volume in the region almost doubled. Elsewhere, Montréal saw its tech funding grow steadily, while Faire and Applyboard accounted for 85 percent of all capital raised by Waterloo Region startups in 2021.
Why Canadian tech is finally accessing the global talent market
The pandemic has made accessing global talent more possible than ever before. That’s especially evident in the thriving Canadian startup scene.
Clio alum launches legaltech startup Lawbrokr to match consumers with lawyers
Armed with $785,000 CAD in fresh financing, the new Toronto-based startup aims to tackle what one of its investors describes as “a universal problem”—how to find the right legal help.
Three Canadian regions ranked among the best global cleantech ecosystems by Startup Genome
The Toronto-Waterloo region’s ranking as the top cleantech hub in Canada is an interesting one, particularly as British Columbia (BC) is often seen as the country’s leader in this sector.
Latest Funding, Acquisitions, and Layoffs
- SF – Builders VC debuts $250M for second fund (read more)
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VIC – Certn acquires Credence (read more)
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VAN – Ziva Dynamics acquired by Unity Technologies (read more)
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VAN – MintList (TrafficDriven) – $2.76M (read more)
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REG – Agtech Accelerator secures $900K in RDA funding (read more)
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REG – HomeTeamLive – $450K (read more)
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LON – Paystone acquires Canadian Payment Services (read more)
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MAR – VentureLab receives $1.5M from municipal government (read more)
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TOR – BenchSci – $63M (read more)
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TOR – Zafin acquires Fincad (read more)
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TOR – Daylight Automation acquires Proof Data Technologies (read more)
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HAL – Volta Labs secures $450K in RDA funding (read more)
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GHE – Deliverect – $150M (read more)
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Maayan Ziv (AccessNow) and Samuel Proulx (Fable) discuss the process of improving accessibility in both the real and virtual worlds.
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