Canadian startup news of the week (10/22/17)

Amazon headquarters

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

Calgary will fight a bear, Toronto offers monetary savings in Amazon HQ2 showdown(BETAKIT)

Toronto Global said that Amazon could save $1.5 billion a year on talent relative to operating costs in the US.

Finance Minister says gov’t will work with angel and VC community to build Tax Fairness Plan(BETAKIT)

Finance Minister Bill Morneau said that this change means that only 97 percent of Canadian companies would be affected.

Alphabet investing $62 million in Sidewalk Labs Toronto site(BETAKIT)

Google’s parent company wants to test smart city technology in Toronto.

  • Adhawk Microsystems raises $5 million Series A from Intel (Read here)

  • Covera raises $1.5 million to help customers overcome boring insurance shopping (Read here)

  • Security workforce manager TrackTik raises $7 million (Read here)

  • Lightspeed raises $207 million Series D as company preps for IPO (Read here)

  • Dream Payments launches POS app as part of US expansion (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: Why am I being asked to find a strategic investor?(BETAKIT)

Your investor might be telling you that they do not want to lead the investment.

CanCon Podcast Ep. 90: Begging for Amazon, building with Alphabet

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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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