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
The Canadian government is investing $24 million in the company through the $1.26 billion Strategic Innovation Fund.
The company is the brainchild of Relay Ventures managing partner John Albright and Dream president Michael J. Cooper.
“We’re really a bit of a hidden gem in Canada when it comes to our startup tech companies.”
Since its launch in 2012, Canopy Labs has analyzed over $20 billion in sales data.
Precision OS raises $2.3 million to build VR simulations for surgery (Read here)
Logojoy raises $6 million to expand its design platform (Read here)
Mobeewave raises $22 million to enable contactless payments for businesses (Read here)
You.i TV raises $30 million for cross-platform app development program (Read here)
Knowtions Research raises $5 million with IVP, Alibaba (Read here)
Clearbanc raises $92 million CAD to help companies invest in marketing without dilution (Read here)
Wattpad launches paid content program in the US (Read here)
If your company sells to US customers, like many Canadian companies do, then this ruling may affect your business. PwC’s Rich Adam explains why.
No matter what stage your business is in, optionality is something you can be proactively driving towards before an acquisition comes your way.