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
Recent changes to the company’s marketing org did not tamper investor interest, as Shopify announced $1.578 billion USD in total revenue for the year, a 47 percent increase over 2018.
Another record breaking year for Canadian VC as AI, FinTech, cybersecurity reach new heights(BETAKIT)
Last year saw Canadian venture capital funding rise to a record-setting $4.1 billion USD according to the latest PwC MoneyTree report.
Established as part of the Ontario government’s 2019-2020 budget, the panel released its report outlining recommendations for how the province should handle the commercialization of IP.
Volaris Group acquires BiblioCommons (Read here)
Shoplogix acquires IndustriOS (Read here)
mCloud acquires tech from AirFusion (Read here)
Converge Technology Solutions acquires PCD Solutions (Read here)
Elevate Farms raises $1.8M (Read here)
Virtual Gurus raises $1.2M (Read here)
Mechasys raises $932,000 (Read here)
Acuva closes $5.4M Series B (Read here)
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CSR, once reserved for established companies, is becoming more important at an earlier stage.
More and more, investors are pushing tech companies to set up shop in Toronto, Vancouver, and plenty of places in-between
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