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
An incomplete list of Canadian tech events, programs, and organizations supporting women's initiatives(BETAKIT)
Each International Women’s Day, BetaKit seeks to highlight and amplify conversations, resources, and individuals in the Canadian tech ecosystem supporting women’s initiatives.
Snapcommerce secures $107 million to build a mobile commerce leader(BETAKIT)
The round was led by longtime Snapcommerce investor Inovia Capital through its Growth Fund I, with international private equity firm Lion Capital joining as co-lead.
Wealthsimple sells US book of business to Betterment as company claims renewed focus on Canada(BETAKIT)
Wealthsimple is set to transfer all of its existing US-based customer accounts to Betterment by June.
FinTechs on the fence as Interac chosen for Canada's real-time payments provider(BETAKIT)
Canada has long lagged behind similar markets when it comes to payments innovation.
General Assembly Pizza files preliminary prospectus to go public via the TSXV(BETAKIT)
Filings dated February 26 show that GA Pizza has filed a non-offering preliminary prospectus and is applying to list in the TSXV.
Latest Funding, Acquisitions, and Layoffs
Rivalry raises $20M USD Series A round (Read here)
Hardbacon crowdfunds $1.1M from FrontFundr (Read here)
Facedrive receives $2.5M from Ontario government (Read here)
DataJoy raises $6M USD in funding (Read here)
Gatik receives nearly $1M from Ontario government (Read here)
theScore raises $186M USD (Read here)
The DMZ’s Black Innovation Programs to receive $1.2M from Ontario government (Read here)
Dooly raises $25.5M in funding (Read here)
PocketPills closes $30M Series B (Read here)
Athennian extends Series A round by $7M (Read here)
SomaDetect secures $7.4M in Series A financing (Read here)
Metis raises $1.2M seed round (Read here)
CoinSmart secures $4.5M (Read here)
Mednow raises approximately $37M (Read here)
CorVista Health closes $65M Series C (Read here)
RECOMMENDED BY CISCO CANADA
How organizations are pivoting towards a virtual International Women’s Day
Organizations – from startups to global corporations – share how they are grappling with honouring the spirit of International Women’s Day virtually in 2021.
CAN NEW TECH MAKE BUYING A HOME LESS TERRIBLE?(BETAKIT)
Bōde Canada CEO Robert Price joins to explain how COVID-19 and the shift to remote work made some Canadian real estate markets red hot and others ice cold.
UNDERSTANDING CANADIAN TECH’S LEADERSHIP TURNOVER(BETAKIT)
The Globe and Mail’s Sean Silcoff and BetaKit Associate Editor Meagan Simpson join to discuss recent leadership turnover at Shopify, Top Hat, Real Ventures, FreshBooks, and more.
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