Canadian startup news of the week (12/20/20)

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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

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

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 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

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

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

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


RECOMMENDED BY HOCKEYSTICK

Why San Francisco-based VC Hustle Fund Is Betting Big on Canada

“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

“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

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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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.