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
Koho adds National Bank and Drive as investors with $25 million CAD Series B extension(BETAKIT)
The additional funding comes as international competitor Revolut has quietly started rolling out early account access in Canada.
OrbCare files for bankruptcy after failing to find buyer, team launches new company instead(BETAKIT)
OrbCare and its subsidairies’ outstanding debts now amount to more than $1.9 million in total.
Velocity startups surpass $1 billion in total funding(BETAKIT)
Velocity’s director called the milestone an example of what the incubator brings to the table in helping to build the Kitchener-Waterloo startup ecosystem.
Canadian SaaS investment skyrockets by over 200 percent in 2019(BETAKIT)
Those companies with the highest valuations included Coveo, Hootsuite, Intelex, Element AI, Sigma, and Cority.
Startup Milestones
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Vocaprep acquired by CaseCoach (Read here)
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Race Roster acquired by ASICS Corp (Read here)
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Coconut Software raises $6.5M in additional Series A (Read here)
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Knix raises $5.7M in funding (Read here)
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Winterlight Labs raises $5.6M Series A (Read here)
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Casca debuts with $4.66M in venture funding (Read here)
Must Reads
Michael Hyatt: #BetaKit1on1(TWITTER)
Entrepreneur and investor Michael Hyatt explains the biggest challenge to scaling a business in this #BetaKit1on1.
Canadian immigration policy meets the 4th Industrial Revolution(BETAKIT)
“The size of the Canadian talent pool is simply not large enough to meet emerging demands.”
How I chose an accelerator for my startup(BETAKIT)
“[Accelerators] aren’t a silver bullet … they are a helping hand that can help you level up.”
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