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
The deal has yet to be announced publicly, with sources indicating to BetaKit a possible planned announcement in the new year.
New Coinsquare CEO, Stacey Hoisak, told BetaKit the decisions reflected a “streamlined” business plan.
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.
Within minutes of listing the biotech’s stock tripled in value from the $20 per share that it had priced its IPO at.
The United States and United Kingdom subsidiaries of Montreal-based flexible workspace company Breather have reportedly filed for separate insolvency processes.
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
GoFor Industries raises $20M Series A (Read here)
RockMass Technologies raises $2.5M seed round (Read here)
Attabotics to receive $34M from federal government (Read here)
Borrowell to acquire Refresh Financial (Read here)
AutoLeap raises $8M (Read here)
Neo Financial reveals $50M in financing (Read here)
Expertus acquired by IBM (Read here)
Adracare to be acquired by WELL Health Technologies (Read here)
Setter acquired by Thumbtack (Read here)
Grapevine6 acquired by Seismic (Read here)
Converge acquires Workgroup Connections (Read here)
Zetane receives $350,000 from Quebec government (Read here)
LodgeLink to receive up to $3M from OCIF (Read here)
Co.Labs receiving $2.08M from federal government (Read here)
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“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.
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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