Canadian startup news of the week (10/04/20)

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

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

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

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

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


RECOMMENDED BY BETAKIT

LATE-STAGE AI DEALS PUSH WATERLOO REGION’S VENTURE FUNDING TO FIVE-QUARTER HIGH IN Q2 2020

“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)

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

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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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.