Canadian startup news of the week (10/27/19)


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

Alberta’s tech sector affected by cuts in much anticipated 2019 provincial budget(BETAKIT)

Alberta’s United Conservative Party, under Premier Jason Kenney, has tabled its first budget since the party took leadership in April.

Edmonton-based startup Mover acquired by Microsoft(BETAKIT)

Mover, an Edmonton-based startup that offers data migration services, was acquired by Microsoft. Terms of the deal were not disclosed.

Luge Capital closes additional $10 million from strategics for FinTech-focused fund(BETAKIT)

The Montreal-based fund focuses specifically on early-stage FinTech and AI investments that apply to the financial services space.

Google to continue collaboration with Kitchener-Waterloo’s Quantum Benchmark(BETAKIT)

“We are now at the dawn of a new era of quantum computing that can offer transformational capabilities.”

Startup Milestones

  • VitalHub acquires Oculys Health Informatics (Read here)

  • Berkeley Payment Solutions acquires Pungle (Read here)

  • AMF-Finance Montréal Research Chair receives $2M (Read here)

  • Benevity raises $40M Series C (Read here)

  • WealthBar Financial Services acquires Snap Projections (Read here)

  • Lightspeed acquires Kounta Holdings (Read here)

Must Reads

Hootsuite’s Ryan Holmes shares 13 guerrilla networking hacks ‘that actually work’(BETAKIT)

“Real networking between two people unfolds over years, or entire careers, and is deeply reciprocal.”

How I chose an accelerator for my startup(BETAKIT)

“[Accelerators] aren’t a silver bullet … they are a helping hand that can help you level up.”

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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.

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