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

Version One Ventures Fund III closes at $57 million CAD(BETAKIT)

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

HelloFresh to acquire Chefs Plate(BETAKIT)

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

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

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

Sidewalk Toronto wants independent trust to control data collected in Quayside(BETAKIT)

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

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 is founder vesting?(BETAKIT)

“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)

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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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