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
All signs point to Montréal as home of Sonder's second headquarters(BETAKIT)
A source familiar with Sonder’s operations told BetaKit the company has effectively chosen Montréal for its second headquarters.
Two Hootsuite employees claim to have been fired following ICE contract revelations(BETAKIT)
“I assume it’s fair to say (and also probably obvious) that it was not my decision to leave.”
Frank and Oak to continue operations with backing from Unified Commerce Group(BETAKIT)
UCG is a newly established company focused on acquiring and scaling global retail brands.
Supercluster funding $74 million behind schedule, according to new PBO report(BETAKIT)
As of data from March 6, the Canadian government’s five Superclusters had doled out just $30 million instead of the $104 million they had been projected to spend by that time.
Report: While proportion of women on boards increasing slowly, visible minorities still vastly underrepresented(BETAKIT)
Only 4.4 percent of Canadian companies disclosed having a woman as CEO.
Latest Funding, Acquisitions, and Layoffs
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Dialogue acquires Optima Global Health (Read here)
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Phenomic AI raises $7.97M (Read here)
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Course Studio raises $1M seed round (Read here)
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Olive raises $1M (Read here)
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Prospre wins $10,000 from Propel’s Startup Summer Showdown (Read here)
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goPeer wins $25,000 in York’s LaunchYU Accelerator program (Read here)
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WeUsThem wins $100,000 at Health Challenge Pitch Event (Read here)
RECOMMENDED BY CISCO DESIGNED
What Today’s Tech Founders Can Learn From Companies That Survived The 2008 Financial Crisis(BETAKIT)
Like the 2008 financial crisis, the COVID-19 pandemic has caused massive upheaval. According to Cisco’s Small Business Resiliency Guide, 72 percent of all small business owners say that COVID-19 will have permanent effects on the way they run their business.
Carol Leaman, Axonify CEO and Kirk Simpson, Wave CEO share their insights with BetaKit on what today’s new founders need to do to survive the pandemic.
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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