Canadian startup news of the week (11/25/18)

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

Fall economic update includes more VC for cleantech, $800 million injection to Strategic Innovation Fund(BETAKIT)

The government is also proposing an Export Diversification Strategy that will invest $1.1 billion over the next six years to help Canadian businesses export to new markets.

Canadian government releases funding for three superclusters(BETAKIT)

The government hopes to create 50,000 jobs and grow Canada’s economy by $50 billion over the next 10 years.

Ex-EVP partners push to oust current GPs over alleged forced sale of portfolio company Uken Games(BETAKIT)

In the email to LPs, Sundeep Madra and Amar Varma allege that EVP’s GPs “have harassed the founders of Uken to sell the company” to fund an ongoing lawsuit between the two groups of partners.

How Canadian startups can prepare for SR&ED(BETAKIT)

“SR&ED has its challenges. But it also allows for ideation, experimentation, and refinement of your IP—a key way to develop your business and take it to the next level.”

Startup Milestones

  • Shopify acquires Swedish ecommerce marketplace Tictail (Read here)

  • Wealth management platform d1g1t closes $9 million Series A (Read here)

  • ISARA raises $13 million to build solutions for quantum threats (Read here)

  • Calgary-based Communo acquires LocalSolo freelance network (Read here)

  • Canadian government investing $13 million in satellite company NorthStar Earth and Space (Read here)

  • School accounting platform KEV Group acquires TRA to accelerate US expansion (Read here)

Must Reads

Canadian VC activity is down, but corporate investors are stepping up. Is that a good thing?(BETAKIT)

A new PwC MoneyTree report on Canadian investment shows that in Q3 2018, corporate participation made up 39 percent of all Canadian deals.

Ask an Investor: How can I create optionality after I get an acquisition offer?(BETAKIT)

No matter what stage your business is in, optionality is something you can be proactively driving towards before an acquisition comes your way.

Why did Canada send a delegation to Web Summit? (CanCon ep. 135)

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Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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