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
Hubba reportedly lays off half its staff following March pivot(BETAKIT)
Hubba’s CEO Ben Zifkin called the layoffs a “bold and unconventional move” as part of a “much larger growth strategy.”
Toronto Mayor John Tory “taking nothing for granted” when it comes to Collision in 2019(BETAKIT)
At Web Summit in Lisbon, Toronto Mayor John Tory has a singular focus: sell the city to the world in time for Collision 2019.
Government reveals seven recipients of $50 million in VCCI funding(BETAKIT)
The Canadian government has revealed the seven recipients of $50 million total from the Venture Capital Catalyst Initiative.
Ahead of Collision 2019, federal, provincial, and municipal governments team up to sell Canada at Web Summit(BETAKIT)
A day before Web Summit began in Lisbon, Canadian startups, government officials, and foreign investors convened for the Canada Day Summit.
Startup Milestones
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New Brunswick-based Smart Skin Technologies raises $3.1 million (Read here)
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Dialogue acquires AI tool that automates medical evaluation (Read here)
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Lending Loop launches business credit monitoring platform with Equifax (Read here)
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Transit raises $17.5 million Series B to enable multimodal transportation (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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