Canadian startup news of the week (10/07/18)

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

Plaza Ventures’ secondary market fund is betting on Canada’s next stage of growth(BETAKIT)

The fund is dedicated solely to buying out securities from early investors and employees for promising companies with at least $30 million in revenue.

Coinsquare adds BMO as banking partner(BETAKIT)

Coinsquare can now use BMO to streamline the process of depositing and withdrawing funds.

Pinterest opening first Canadian office in Toronto(BETAKIT)

In the past month, several high-profile tech companies have announced expansions into the city.

Lime launches electric scooters in Canada(BETAKIT)

The company launched its fleet of Lime-S e-scooters in a Waterloo pilot project this morning.

Startup Milestones

  • CrowdRiff raises $11.6 million to help travel brands source photos in an Instagram world (Read here)

  • Hopper raises $128 million CAD Series D (Read here)

  • Kooltra raises $6.5 million to modernize foreign exchange industry (Read here)

  • Slice Labs raises $25 million CAD to help insurers reach the gig economy (Read here)

  • iRestify raises $1 million to help businesses book professional cleaners online (Read here)

Must Reads

Calgary converting economic downturn into tech opportunity(BETAKIT)

For the first time ever, Calgary was a top five Canadian tech market by deal volume in Q2 2018.

Ask an Investor: What happens if the partner who led my deal leaves the firm?(BETAKIT)

The good news is that the rules aren’t necessarily set in stone.

Why Canada’s smart cities need H.E.A.R.T (CanCon Ep. 130)

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Photo via Unsplash


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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