Canadian startup news of the week (10/21/18)

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

BetaKit

Version One Ventures Fund III closes at $57 million CAD

LPs include Invesco, Harbourvest, Northleaf, and Kensington Capital Partners.


BetaKit

HelloFresh to acquire Chefs Plate

The German meal-kit company said the acquisition will “amount to a middle double-digit million” CAD payout.


BetaKit

Kent Thexton steps down as ScaleUP Ventures GP to become CEO of Sierra Wireless

Chair of Sierra’s board and a board member since 2006, Thexton stepped in as interim-CEO in June.


BetaKit

Sidewalk Toronto wants independent trust to control data collected in Quayside

Sidewalk Labs head of data governance Alyssa Harvey Dawson shared an update addressing concerns with how data will be used in Quayside.


Startup Milestones

  • Foxquilt raises $1.2 million to help people save on insurance by buying in groups (Read here)

  • Entr raises $1.3 million to scale event planning marketplace (Read here)

  • Lendesk launches lender network with Scotiabank, First National Financial (Read here)

  • Myant partners with Mayo Clinic on clothing that detects irregular heartbeats (Read here)

  • Sustainable Produce Urban Delivery opens 74,000 square foot grocery delivery warehouse (Read here)


Must Reads

pwc

Calgary converting economic downturn into tech opportunity

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


BetaKit

Ask an Investor: What is founder vesting?

“Founder vesting is a protection for all shareholders, yourself included, in the event of an utterly unexpected life event.”


Is your tech company killing you? (CanCon ep. 131)

Subscribe to B|K: The BetaKit Newsletter

Subscribe to B|K using the form below to ensure the best from BetaKit hits your inbox every week.

* indicates required




Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.