Canadian startup news of the week (11/05/17)

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

Nekso wants to close a $25 million round(BETAKIT)

Nekso wants $25 million USD to fuel North American expansion. Its funding progress is a matter of debate.

Vector Institute doubles AI faculty with 10 new additions(BETAKIT)

Most of the new faculty will start in 2018, along with President and CEO, Dr. Garth Gibson.

Amazon met with Canadian federal government 99 times in the past 12 months(BETAKIT)

Canadian tech companies: take note.

Startup Milestones

  • SHM Controls closes $800,000 for smart heating system rollout (Read here)

  • Askuity closes $3 million CAD bridge round to add AI to its platform (Read here)

  • Goldmoney completes $30 million financing deal to fund software development (Read here)

  • Breather announces Corporate Rewards partnership with Air Canada (Read here)

  • Blakes law firm opens office in Kitchener-Waterloo IoT hub Catalyst137 (Read here)

Must Reads

Canada’s strong AI talent could attract more corporate VC funding(BETAKIT)

PwC’s Michael Dingle explains what a rise in corporate venture funding means for the Canadian startup ecosystem.

Ask an Investor: How do I connect with VCs?(BETAKIT)

‘Spray and pray’ won’t work. Here’s the right strategy, straight from the VCs.

CanCon Podcast Ep. 92: Can a business be built solely with Canadian tech?

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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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