Canadian startup news of the week (11/17/19)

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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


1Password closes $265 million CAD in first round of institutional funding

The round marks one of the largest ever Series A rounds raised by a Canadian tech company.


OMERS Ventures adds experienced partner focused on Canada as firm preps for global fund

Laura Lenz joins the venture capital arm of one of Canada’s largest pension funds as partner.


Launch Party’s 10th anniversary showcases Calgary's startup growth amid dwindling provincial support

“Launch Party really is a coming-out party for the up-and-coming startups.”


Dream Maker Ventures launches diversity program for underrepresented entrepreneurs

The first program to launch as part of the Diversity Program initiative is the Access to Success Program, which will focus on those with disabilities.


Startup Milestones

  • Two research projects receive combined $448,000 from Innovate BC (Read here)

  • Potloc announces $13M Series A originally closed in July (Read here)

  • Threekit raises $20M USD in funding (Read here)

  • Stradigi AI closes $53M Series A (Read here)

  • OpenText to buy Carbonite for $1.88 billion CAD (Read here)


Must Reads

Michael Hyatt: #BetaKit1on1

Entrepreneur and investor Michael Hyatt explains the biggest challenge to scaling a business in this #BetaKit1on1.


Canadian immigration policy meets the 4th Industrial Revolution

“The size of the Canadian talent pool is simply not large enough to meet emerging demands.”


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.