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
Garrick Tiplady named managing director of Facebook and Instagram Canada(BETAKIT)
Garrick Tiplady was most recently CEO of Vemba, and held several senior roles at Rogers Communications.
Analysts say Canadian cities fail to make top 10 for Amazon HQ2(BETAKIT)
A report from Sterling’s Best Places did not place Canada in its top 10 contendors for Amazon HQ2. The closest city to the top was Toronto at 12th place.
Borealis AI opening Montreal lab with Jackie Cheung as academic advisor(BETAKIT)
RBC also announced that it will act as a partner of the Creative Destruction Lab in Montreal.
Startup Milestones
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Overbond enters US market with New York office, platform expansion (Read here)
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Nuco receives funding from Ontario to improve digital identity verification (Read here)
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Peloton Innovations raises $3 million from Elevate Toronto, Globalive Capital, and TD Ameritrade (Read here)
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radient360 raises $3.3 million to help oil and gas companies adopt data analytics (Read here)
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HiMama acquires DailyChildcareReport (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: Who are the best references to provide to VCs?(BETAKIT)
Reference calls are a standard part of a VC diligence process, but you should be careful about who you use as a reference.
CanCon Podcast Ep. 95: Startup PR fails + the Canadian dream for STEM immigrants
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