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
IRAP IAP funding extended with $155 million to support innovative businesses hit by COVID-19(BETAKIT)
Members of Canada’s tech community have been calling for an increase in funding to the program since mid-summer when the entirety of the $250 million had been committed.
Lightspeed to acquire ShopKeep for $440 million USD, reports strong Q2 results(BETAKIT)
The deal, which would be Lightspeed’s largest to date, comes as the company reported its second-quarter results for the period ending September 30, 2020.
OCE to undergo rebrand, changes to governance relationship with Ontario government(BETAKIT)
The OCE may see its name changed to the Ontario Centre of Innovation, an OCE spokesperson told BetaKit.
Latest Funding, Acquisitions, and Layoffs
Willful acquires WillowBee (Read here)
Canada Learning Code receives $500,000 from RBC Foundation (Read here)
Kindred Systems acquired by Ocado Group (Read here)
DoctorCare acquired by WELL Health (Read here)
Rover Parking acquired by SpotHero (Read here)
ACTO acquires CoHealth (Read here)
MacroHealth raises $54M Series A (Read here)
RECOMMENDED BY CIBC
How Startups Can Build Resilience Into Their Business Models(CIBC)
Before a startup can land its first round of major financing, it needs an MVP. But how do entrepreneurs create a Minimal Viable Product?
On the #CIBCInnovationEconomy podcast, Bridgit COO Lauren Lake teaches us how she and CEO Mallorie Brodie disrupted the construction industry using a notepad and a box of donuts so you can change the world, too.
ACCELEPRISE GP WHITNEY SALES EXPLAINS HOW TO CLOSE DEALS DURING COVID(BETAKIT)
“Startups have to move fast for survival, but larger corporations have to move fast for survival as well these days.”
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.
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