Canadian startup news of the week (12/03/17)

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

Leveraging Element AI connection, Real Ventures closes two funds totalling $180 million(BETAKIT)

$30 million of this fund will go towards OrbitMTL, a new program to scale pre-seed startups with more hands-on support.

Startups can receive $100,000 through Facebook and the DMZ’s Digital News Innovation Challenge(BETAKIT)

The DMZ and Facebook’s five-month program will provide startups with $50,000 in Facebook marketing budget.

How tech companies can give back(BETAKIT)

If you’re thinking about how you can make an impact in your community, here’s a helpful guide.

Startup Milestones

  • 1QBit raises $45 million Series B from Fujitsu, Accenture (Read here)

  • Mojio raises $30 million Series B to make every car a connected car (Read here)

  • Hockeystick acquires LaunchSpot to boost startup ecosystem data platform (Read here)

  • Chefs Plate raises $10 million Series C (Read here)

  • Toronto-based Sensibill expands in the US with Quontic Bank partnership (Read here)

Must Reads

Canada’s strong AI talent could attract more corporate VC funding(BETAKIT)

PwC’s Michael Dingle explains what a rise in corporate venture funding means for the Canadian startup ecosystem.

Ask an Investor: What is a broken cap table?(BETAKIT)

Read this and avoid having a bad cap table in the first place.

CanCon Podcast Ep. 96: Canada’s tech billionaire + ‘Harry Potter Go?’

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Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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