Canadian startup news of the week (12/08/19)

Wealthsimple

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

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

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

“We can create an investment advantage, unlike anything the world has seen.”


Startup Milestones


Must Reads

Alyssa Atkins: #BetaKit1on1

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

CSR, once reserved for established companies, is becoming more important at an earlier stage.


A cautionary tale of high valuations

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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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.