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
Telus Health acquires Montréal's EQ Care in latest move to increase virtual care reach(BETAKIT)
The deal has yet to be announced publicly, with sources indicating to BetaKit a possible planned announcement in the new year.
Coinsquare makes changes to business, tech as it faces increasing competitive pressures(BETAKIT)
New Coinsquare CEO, Stacey Hoisak, told BetaKit the decisions reflected a “streamlined” business plan.
Toronto R&D team won't join Aurora in Uber ATG acquisition(BETAKIT)
BetaKit has confirmed the Toronto R&D lab will not be integrated into the new joint organization, which is set to be created as part of the recently announced deal.
AbCellera officially closes initial public offering with $555.5 million gross proceeds(BETAKIT)
Within minutes of listing the biotech’s stock tripled in value from the $20 per share that it had priced its IPO at.
Breather's US, UK subsidiaries reportedly file for insolvency(BETAKIT)
The United States and United Kingdom subsidiaries of Montreal-based flexible workspace company Breather have reportedly filed for separate insolvency processes.
Collision to be hosted virtually again for 2021 event(BETAKIT)
The decision was made, Collision stated in an email to past attendees, in partnership with the City of Toronto and following the advice of the Public Health Agency of Canada.
Latest Funding, Acquisitions, and Layoffs
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GoFor Industries raises $20M Series A (Read here)
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RockMass Technologies raises $2.5M seed round (Read here)
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Attabotics to receive $34M from federal government (Read here)
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Borrowell to acquire Refresh Financial (Read here)
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AutoLeap raises $8M (Read here)
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Neo Financial reveals $50M in financing (Read here)
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Expertus acquired by IBM (Read here)
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Adracare to be acquired by WELL Health Technologies (Read here)
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Setter acquired by Thumbtack (Read here)
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Grapevine6 acquired by Seismic (Read here)
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Converge acquires Workgroup Connections (Read here)
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Zetane receives $350,000 from Quebec government (Read here)
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LodgeLink to receive up to $3M from OCIF (Read here)
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Co.Labs receiving $2.08M from federal government (Read here)
RECOMMENDED BY HOCKEYSTICK
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada(HOCKEYSTICK)
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
YEAR FROM HELL, YEAR IN REVIEW(BETAKIT)
“This year f*cking sucked. Let’s review.” Past Black Swan guests return to share what’s changed in the COVID year since their last appearance, and what to expect in 2021.
WHAT CANADA’S HEALTHCARE SYSTEM LEARNED FROM THE PANDEMIC(BETAKIT)
Having tracked the collision of healthcare, technology, and the Black Swan version of normal in 2020, we thought we’d unpack what we can expect for Canadian healthcare in 2021.
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