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
Kik and the United States’ Securities Exchange Commission (SEC) have proposed a joint settlement in the matter of Kik’s 2017 initial coin offering (ICO). Kik has agreed to pay a $5 million penalty to the commission.
The group, which consists of 11 innovation organizations, is looking to use the funding to support high-potential companies in BC.
BroadbandTV stated in its filings that the IPO is set to bring in total gross proceeds of $172.4 million.
Shopify commits $130 million to help create one million new Black-owned businesses in the US(BETAKIT)
“We want to create more entrepreneurs, we want to help give the tools to do so.”
Latest Funding, Acquisitions, and Layoffs
Athennian acquires Redox Technologies (Read here)
YPC Technologies raises $1.8M seed round (Read here)
NACO receives $710,000 from federal government (Read here)
Doorr acquired by Filogix (Read here)
Achievers acquires TemboSocial (Read here)
Technation receives $32M in federal government funding (Read here)
MyLegalBriefcase acquired by Caravel Law (Read here)
RECOMMENDED BY CISCO DESIGNED
The COVID-19 pandemic put forth a new reality: planning for survival. As startups work to survive the pandemic, leaders need to think not just about growth, but building resiliency into their business model to withstand the next potential shock.
Speaking with BetaKit, Wayne Cuervo, the Director of Innovation and General Manager of Cisco’s Toronto Innovation Labs, offered his advice on three pillars that startups need to be resilient and how innovation fits into the mix.
PANDEMIC IMMIGRATION POLICY(BETAKIT)
The Global Skills Strategy, and its Global Talent Stream, have their limitations. We’re also still in the middle of a pandemic, which really puts a damper on global mobility. So what to make of all of this?
HOW TO SCALE IN A PANDEMIC(BETAKIT)
Leaders from Symend, Vendasta, Bold Commerce, and 54e Dev Studios join in a discussion on hiring, onboarding, and scaling culture pre- and mid-pandemic. Recorded at UPish 2020.
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