Canadian startup news of the week (11/04/18)

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

Portag3 raises $198 million for second fund(BETAKIT)

Power Financial, IGM Financial, and Great-West Lifeco. are returning as anchor investors in this fund.

Good AI Capital opens Montreal office to support its $40 million USD fund(BETAKIT)

The new office will be focused on investing in early-stage AI companies.

OpenText acquiring Georgia-based Liaison for $310 million(BETAKIT)

OpenText said the acquisition would help it target sectors like life sciences and healthcare.

InteraXon launches Muse 2 for a more holistic meditation experience(BETAKIT)

With the Muse 2, InteraXon believes it can deliver on the promise of its original brain-sensing headband for a wider range of people.

Startup Milestones

  • Canadian-founded Circle Medical raises $3.5 million (Read here)

  • CryptoKitties creator Dapper Labs raises $19 million CAD (Read here)

  • Home maintenance startup Setter raises $10 million (Read here)

  • General Fusion raises $49.3 million to develop clean alternative for power generation (Read here)

  • theScore raising $8.5 million through private placement (Read here)

  • Digital health platform Think Research raises $25 million (Read here)

  • Validere raises $7 million to help oil and gas companies track product quality (Read here)

Must Reads

Report: Canadian VC activity falls for second straight quarter in Q3 2018(BETAKIT)

Looking back over eight quarters, Q3 2018 is the only quarter where VC activity in Canada didn’t increase year-over-year.

Ask an Investor: How do I conduct an exit interview?(BETAKIT)

As CEO, you should conduct exit interviews with every employee who’s leaving your firm.

Can Canada compete globally in food tech? | CanCon ep. 133

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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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