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

BetaKit

Canadian govt’s tax proposals will make angel investing impractical

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


BetaKit

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

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


BetaKit

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

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



naco summit

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

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

handshake

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

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


BetaKit

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

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

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.