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
Communitech CEO Iain Klugman to step down in 2021(BETAKIT)
Klugman is set to leave as CEO and president on January 31, 2021, which will mark the official end of his current term with Communitech.
Family, friends campaign to help find UofT professor missing after Himalayas avalanche(BETAKIT)
“[Wittek] is, in essence, an adventurer. He has scaled many peaks, done ground-breaking research and explored the world.”
The casualties of moving fast and breaking things(BETAKIT)
Everyone thinks of themselves as the good guy, as the hero of the story. But good intentions aren’t enough.
Startup Milestones
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Rise People acquires Hazel (Read here)
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AudienceView acquires UniversityTickets (Read here)
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Simon Fraser University gets $17M from BC government (Read here)
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HeyBryan raises $3M (Read here)
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Relogix closes $4M Series A (Read here)
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CoLab Software raises $2.7M (Read here)
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Accelerate Okanagan receives $213,000 (Read here)
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Korbit raises $2.65M (Read here)
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Martello Technologies raises $4.6M (Read here)
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Naborly raises $9.9M seed round (Read here)
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Tonit announces $2.2 million in funding (Read here)
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Eaigle receives $70,000 in non-dilutive IRAP funding (Read here)
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7shifts raises additional $7.9 million CAD in its Series A (Read here)
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Fiix acquired by Wrench (Read here)
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Renewal Funds closes $145M (Read here)
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MESH/diversity raises $950,000 (Read here)
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Acuva Technologies receives $1M from Genome BC (Read here)
Must Reads
Five Canadian cities with highest volume of investment dollars and deals in 2018(BETAKIT)
PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.
Ask an Investor: How can I create optionality after I get an acquisition offer?(BETAKIT)
No matter what stage your business is in, optionality is something you can be proactively driving towards before an acquisition comes your way.
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