Canadian startup news of the week (10/09/17)

Finance Minister Bill Morneau and Prime Minister Justin Trudeau

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

Canadian govt’s tax proposals will make angel investing impractical(BETAKIT)

Two Small Fish Ventures’ Allen Lau and Eva Lau say they would consider stopping new angel investments if the current proposal is passed.

CCI, NACO, CVCA, and AceTech respond to gov’t tax changes in joint letter(BETAKIT)

CCI engaged with over 90 Canadian CEOs and VCs, angel investors, and tax experts to understand concerns in the community.

Minister Bill Morneau says gov’t addressing concerns with proposed tax changes(BETAKIT)

Morneau has said he’s willing to adjust the tax changes based on the biggest concerns.

NACO partners with CABI to connect Canada’s early-stage funding ecosystem(BETAKIT)

NACO has absorbed CABI with the goal of bringing together several types of startup funders.

  • Wysdom.AI raises $8.5 million to bring AI to customer support (Read here)

  • Goldmoney announces $30 million in financing to fuel blockchain offerings (Read here)

  • Magnet Forensics acquires Sentinel Data to help investigators manage digital evidence (Read here)

  • Stack partners with STK Global Payments to allow POS cryptocurrency payments (Read here)

  • Fredericton-based SomaDetect wins 43North $1 million grand prize (Read here)


Must Reads

Canada’s strong AI talent could attract more corporate VC funding(BETAKIT)

PwC’s Michael Dingle explains what a rise in corporate venture funding means for the Canadian startup ecosystem.

Ask an Investor: How do I deploy Series A capital?(BETAKIT)

Treat every dollar as if it’s your last.

CanCon Podcast Ep. 87: Bigger tweets, Netflix dollars + Canadian tech in China

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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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