Canadian startup news of the week (11/10/19)

hootsuite

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

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

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

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

“We like to think of ourselves as an Olympic stallion, meaning that we’re a real company with real revenue, real customers.”


Startup Milestones


Must Reads

Hootsuite’s Ryan Holmes shares 13 guerrilla networking hacks ‘that actually work’

“Real networking between two people unfolds over years, or entire careers, and is deeply reciprocal.”


How I chose an accelerator for my startup

“[Accelerators] aren’t a silver bullet … they are a helping hand that can help you level up.”


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.