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
Ryan Holmes steps down as CEO of Hootsuite(BETAKIT)
In a resignation announcement on Twitter, Holmes said he will continue to act as the company’s executive chairman.
Planswell CEO attributes company downfall to “social media storm” in investor email(BETAKIT)
An email to Planswell investors obtained by BetaKit sheds new light on the recent demise of the Toronto-based FinTech startup.
Looka lays off 80 percent of staff as failed rebrand from Logojoy cut revenue in half(BETAKIT)
Looka has confirmed the layoffs to BetaKit. The startup has been pared down to a team of just eight, with a total of 32 employees laid off.
Coveo raises $227 million CAD to pursue "aggressive" growth in AI e-commerce market(BETAKIT)
“We like to think of ourselves as an Olympic stallion, meaning that we’re a real company with real revenue, real customers.”
Startup Milestones
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ATB Financial acquires Grow Technologies (Read here)
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Vancity Community Investment Bank acquires CoPower (Read here)
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Untether AI announces $9.2M in funding (Read here)
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CTO.ai raises $9.8M seed round (Read here)
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MindBeacon raises $18M (Read here)
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Interac acquires 2Keys (Read here)
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People Corporation acquires Collage (Read here)
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Mylo raises $10M Series A (Read here)
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RenoRun raises $22M Series A (Read here)
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Conexus hits $30M fund target (Read here)
Must Reads
Hootsuite’s Ryan Holmes shares 13 guerrilla networking hacks ‘that actually work’(BETAKIT)
“Real networking between two people unfolds over years, or entire careers, and is deeply reciprocal.”
How I chose an accelerator for my startup(BETAKIT)
“[Accelerators] aren’t a silver bullet … they are a helping hand that can help you level up.”
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