Canadian startup news of the week (10/14/19)

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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


Microsoft Reactor launch marks Toronto’s latest global startup addition

The Microsoft Reactor launch follows Techstars and Collision staking claims in Toronto.


CVCA pens open letter to federal party leaders with three election asks

“In a highly competitive global marketplace, no nation can afford to rest on its laurels.”


CCI’s Ben Bergen explains what Canadian tech leaders want on the election agenda

Bergen told BetaKit that the open letter is meant to start a conversation between Canadian tech leaders and whichever political party forms government.


Startup Milestones

  • Convictional raises $3M seed round (Read here)

  • Voilà! receives nearly $3M investment (Read here)

  • Voyager Capital closes $130M of its fifth venture fund (Read here)

  • BMO invests $5M in new University of Toronto lab (Read here)


Must Reads

pwc

Five Canadian cities with highest volume of investment dollars and deals in 2018

PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.


BetaKit

Ask an Investor: How can I create optionality after I get an acquisition offer?

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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Photo via Unsplash

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.