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
Portag3 sets sights on global FinTech market as it closes $427 million CAD Fund II(BETAKIT)
While Canada has seen a number of VCs make a play at the country’s financial services market, Portag3’s final close on Fund II makes it the largest FinTech-specific fund by far.
Wealthsimple to spin out advisory service into separate company(BETAKIT)
The company announced the news to separate the entities in an email obtained by BetaKit and sent to clients on Monday.
Delphia launches platform to help consumers turn their data into investable capital(BETAKIT)
“We can create an investment advantage, unlike anything the world has seen.”
Startup Milestones
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Zebu secures $5.2M in seed funding (Read here)
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Thoughtexchange raises $20M Series B (Read here)
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SAIT receives $30 million from David Bissett (Read here)
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Shift closes $1M seed round (Read here)
Must Reads
Alyssa Atkins: #BetaKit1on1(TWITTER)
Alyssa Atkins, founder & CEO of Lilia, shares the most common way a startup can die in this #BetaKit1on1.
Six social responsibility trends for tech companies in 2020(BETAKIT)
CSR, once reserved for established companies, is becoming more important at an earlier stage.
A cautionary tale of high valuations(BETAKIT)
Talent, delays, product-market fit – out of all these lurking threats, the one that founders have the most control over is company valuation.
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