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
Trudeau government commits additional $600 million in COVID-19 relief for small, medium-sized businesses(BETAKIT)
The funding, a government source confirmed to BetaKit, is additional capital for the Regional Relief and Recovery Fund (RRRF), to be distributed through RDAs and the Community Futures Network.
Major Shopify exec shuffle sees CPO departure, Finkelstein shift to president(BETAKIT)
Shopify CEO Tobias Lütke announced the news in a blog post released Tuesday.
Kik considering appeal as US court sides with SEC that company violated securities law(BETAKIT)
The US District Court for the Southern District of New York made its decision on September 30.
Snaptravel founders expand beyond travel with launch of e-commerce brand and acquisition(BETAKIT)
Snaptravel’s founders are venturing outside of the world of hotel and flight bookings to bring the startup’s model to other e-commerce verticals.
Latest Funding, Acquisitions, and Layoffs
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Appnovation raises $11.6M Series B (Read here)
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Busbud raises $15M Series C (Read here)
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Thinkific raises $22M (Read here)
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Attendease raises $1M investment facility (Read here)
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Replica Analytics raises $1M pre-seed round (Read here)
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HealthTech Connex raises $2M from BDC Capital (Read here)
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Properly receives $100M in financing (Read here)
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University of Toronto receives $250M donation (Read here)
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Ownr acquires Founder (Read here)
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Paycor acquires 7Geese (Read here)
RECOMMENDED BY BETAKIT
LATE-STAGE AI DEALS PUSH WATERLOO REGION’S VENTURE FUNDING TO FIVE-QUARTER HIGH IN Q2 2020(BETAKIT)
“For a really tiny ecosystem by population, Waterloo is a powerful engine for all of Canada. It’s not just the little early-stage engine.”
HOOTSUITE’S MISTAKE AND WATCHING THE THRONE (SPEECH)(BETAKIT)
The best way to unpack all the new in front of us? Answering incredibly detailed and informed listener questions! This week’s episode of Black Swan features the return of our AMA format.
LILIA CEO ALYSSA ATKINS ON HOW COVID-19 CHANGED HER Y COMBINATOR DEMO DAY(BETAKIT)
As YC and other North American accelerator programs, from Google and Techstars, go fully remote, Lilia might be one of the last Canadian companies to experience an accelerator in person.
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