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
Second Closet raises $13.2 million to disrupt billion dollar self-storage market(BETAKIT)
Since raising its last round, Second Closet has successfully expanded into Vancouver, making its solution available in two of Canada’s largest cities.
Prime Minister Trudeau reveals mandate letters, outlines shift for RDAs(BETAKIT)
The mandate letters confirm a shift in the federal government’s Regional Development Agencies (RDA) program.
ScribbleLive acquired by Brazil-based Rock Content(BETAKIT)
The price of the deal was not disclosed, but Rock will be adding the ScribbleLive’s content marketing platforms Visual.ly and Ion Interactive to its existing portfolio.
Wattpad to open second headquarters in Halifax(BETAKIT)
The move comes at the end of a busy year for the online entertainment platform company, which has seen significant international growth.
Startup Milestones
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Montréal’s Nuvei raises $358M (Read here)
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Valent Low-Carbon Technologies raises $30M (Read here)
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Riipen raises $5M pre-Series A (Read here)
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Uploadcare acquires Blinkloader (Read here)
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InterGen Capital receives $1M (Read here)
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FlexPay raises $6M (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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