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
Machine learning could be Canada’s edge in the global quantum computing arms race(BETAKIT)
As AI eats the world, a hidden battle is underway for the future of computing. Canada is on the front lines.
Hamilton Lane pulls out of VCCI, leaving money on the table for the federal VC program(BETAKIT)
United States-based investment firm Hamilton Lane has pulled out of the federal government’s Venture Capital Catalyst Initiative (VCCI), BetaKit has confirmed.
Canadian tech companies forced to act quickly in wake of COVID-19(BETAKIT)
Every Canadian tech company is figuring out how to respond to COVID-19. Top Hat and ecobee were forced to act quicker than most.
Report: Canadian VC investments set record in 2019 as tech sector dominates(BETAKIT)
The average 2019 VC deal size was $5.6 million, an 11 percent jump from $5 million in the previous year.
Communitech’s True North latest COVID-19-related event cancellation(BETAKIT)
“It is out of an abundance of caution … that we concluded that cancelling this year’s event is the right thing to do.”
Startup Milestones
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Affinity acquires Nudge.ai assets (Read here)
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Validere raises $20M (Read here)
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Checkfront closes $9.3M Series A (Read here)
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Version One Ventures closes $25M (Read here)
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PolicyMe raises $3.3M seed round (Read here)
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WELL Health raises $10M (Read here)
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ColdBlock raises $250,000 (Read here)
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GradeSlam raises $10M (Read here)
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Certn raises $6.1M seed round (Read here)
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Relay Platform receives $2.7M SAFE investment (Read here)
POWERED BY SAGE INTACCT
CFO 3.0: Digital transformation beyond financial management
Discover how a new breed of trailblazing finance leaders are elevating the role beyond the traditional finance and reporting function and positioning it as the nucleus of the modern business.
LESSONS LEARNED ATTENDING EIGHT DAYS OF TECH EVENTS FOR INTERNATIONAL WOMEN’S DAY(BETAKIT)
CSR, once reserved for established companies, is becoming more important at an earlier stage.
HOW TO SET UP YOUR STARTUP FOR REMOTE WORK(BETAKIT)
Caution due to COVID-19 is leading many tech companies to cut travel and encourage their engineers to work remotely. Many will be working from home for the first time.
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