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
Canada punches above its weight with AI researchers in new Element AI report(BETAKIT)
The number of artificial intelligence (AI) researchers in Canada’s private sector is proportionally higher than that of other countries, according to Montreal-based Element AI’s 2020 Global AI Talent Report.
Shopify doubles GMV, reports record profit in third-quarter results(BETAKIT)
Shopify’s third-quarter financial results greatly beat analysts’ predictions – and the company just penned a commerce deal with TikTok, as well.
With advisory board in place, OneEleven's new MD shares plan to rebuild the Toronto innovation hub(BETAKIT)
With new leadership and familiar advisors, Toronto innovation hub OneEleven has re-launched.
Women at venture capital firms still vastly underrepresented according to new report(BETAKIT)
Although the report’s data surveyed United-States-based respondents, the report aligns with Canada’s progress on women representation in venture capital over the last few years.
Latest Funding, Acquisitions, and Layoffs
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MESH/Diversity raises $750,000 (Read here)
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Sollum Technologies raises $3.15M (Read here)
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Heirlume secures $150,000 in financing (Read here)
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Nyoka Design Labs receives $5,000 from Canadian Export Challenge (Read here)
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Canvass Analytics raises $8.5M (Read here)
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Faire raises $170M USD Series E (Read here)
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Lendesk acquires Finmo (Read here)
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Federal government provides $1.3M to Alberta Innovates (Read here)
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Synex Medical raises $6.99M (Read here)
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AddÉnergie raises $53M Series C (Read here)
RECOMMENDED BY CISCO DESIGNED
How Startups Can Build Resilience Into Their Business Models(BETAKIT)
This Wednesday, November 4, BetaKit is proud to present a BetaKit Live featuring two startup founders who have found success in 2020 despite COVID-19: Erin Bury, CEO of Willful, and Jeremy Hedges, President of The Canadian Shield.
Joined by Cisco Canada Director of Innovation, Wayne Cuervo, the conversation will focus on the steps entrepreneurs can take to survive and thrive in 2020 and beyond.
THE LORD MAYOR OF LONDON WANTS CANADIAN TECH TO KNOW THE UK IS OPEN FOR BUSINESS(BETAKIT)
The Lord Mayor made a compelling pitch as to how Canadian investors and startups could capitalize on the UK’s plans to shape global FinTech regulation post-Brexit.
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?
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