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 question has always been: can Koho disrupt Canadian banking before Wealthsimple disrupts them?
The shuffle comes after Lightspeed’s share price has dropped more than 75 percent over the last six months from its September peak following short-seller attacks, low revenue guidance, and general tech stock malaise.
In an interview with BetaKit, RenoRun co-founder and CEO Eamonn O’Rourke spoke about where the startup fits into the building materials market, and the opportunity to take the “back office-running of a construction project off of the contractor’s hands.”
Montréal-based travel booking startup Hopper has a new $5 billion USD valuation after a $35 million secondary sale that allowed Hopper employees and some shareholders to sell part of their holdings in the company. The new valuation comes less than six months after Hopper raised $175 million in Series G financing at a $3.5 billion valuation.
With its much larger Fund II, Amplify aims to build on its Fund I track record and thesis, increase its presence in Québec, and help more traditional investors think about impact investing.
Willow’s platform will include what the startup claims are handpicked, stable, rent-generating properties from across the country.
BDC’s findings expect the tech sector revenue to grow by 5.3 percent in 2022, and by 22.4 percent in the 2021-2024 period.
The report, released last week by University Canada West, gathered opinions and insights from industry participants on how academia and industry can collaborate to fill the current gaps in BC’s workforce.
Latest Funding, Acquisitions, and Layoffs
BUR – Ekona Power – $79M (read more)
VAN – Gandeeva Therapeutics – $40M (read more)
TOR – VendorPM – $6M (read more)
TOR – BKR Capital closes additional $4.5M to back Black-founded startups (read more)
TOR – Pluribus Technologies acquires Kesson Group, Social5 (read more)
TOR – Fyyne closes pre-seed funding, launches platform (read more)
MTL – Wrk – $30M (read more
MTL – TickSmith – $20M (read more)
MTL – ClearEstate – $16.8M (read more)
VIC – Vosker – $60M (read more)
QC – LeddarTech – $140M (read more)
QC – Stamped AI – $2M (read more)
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Kelly Schmitt (Benevity) and Mike Murchison (Ada) discuss their company’s journey to a $1 billion valuation, scaling and keeping talent in Canada.
The Canadian Shield made 16 million face shields at the start of the pandemic. And then they stopped. Why did they stop? What stopped them?
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