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
With new execs and new products, Koho says it's ready to become Canada's leading challenger bank(BETAKIT)
In recent months, Koho has made significant changes to its executive and senior leadership team, bringing on a new CTO, CMO, CFO, and VP of people and culture.
Google opens two more accelerators to Canadian startups as remote becomes the new reality(BETAKIT)
This brings Google’s total number of accelerator programs for Canadian startups and founders to four after it launched two Canadian-focused accelerators last year.
Shopify strikes deal to offer payment solution on Facebook, Instagram(BETAKIT)
This deal with Facebook represents the first time Shop Pay has been expanded beyond Shopify and directly onto social platforms, a spokesperson for the company told BetaKit.
Latest Funding, Acquisitions, and Layoffs
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Ledn raises $2.7M USD (Read here)
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WELL Health Technologies to acquire CRH Medical (Read here)
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Symend secures $54M Series B extension (Read here)
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Briza raises $10.2M (Read here)
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Purpose Financial secures $53.5M investment (Read here)
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Fraction Technologies announces $289M in debt, equity financing (Read here)
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Rewind acquires BackHub (Read here)
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Homewise secures $3M seed round (Read here)
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Sandpiper Ventures secures $5M investment (Read here)
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Klir raises $3.9M (Read here)
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Gazoduq receives $2M investment (Read here)
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UpMeals secures $800,000 seed round (Read here)
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Manifest Climate secures $6.5M seed round (Read here)
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Clearpath Robotics adds $6.3M to Series C (Read here)
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ReFuel Mobile raises $2.5M (Read here)
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theBoardlist announces $2M seed round (Read here)
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Zentrela closes $850,000 seed round (Read here)
RECOMMENDED BY BETAKIT
BUZZFEED’S CRAIG SILVERMAN SAYS SOCIAL MEDIA NOW (KINDA) WANTS TO BE REGULATED(BETAKIT)
“If there’s ever been a 12-month period where the connection between online behaviour, online disinformation, and real-world harm, this is it.”
GOOD WEALTHSIMPLE, BAD FINTECH, UGLY INTERNET(BETAKIT)
Stonks were discussed. But we also discussed how business models differentiate trading platforms like Wealthsimple and Robinhood more than the underlying tech.
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