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
Canada’s Plan to Mobilize Industry to fight COVID-19 is meant to make it easier and faster to deploy resources to domestic manufacturers and businesses.
The measures outline $27 billion for Canadian workers and businesses as well as $55 billion to help business liquidity through tax deferrals.
BetaKit has spoken with multiple CEOs under condition of anonymity about their thoughts on the situation.
Innovation hubs, incubators, and accelerators across Canada are shutting down or instituting work from home policies.
This list will outline what Canadian tech companies are offering during the outbreak.
Facedrive acquires HiRide (Read here)
Ada Support raises $63.7M Series B (Read here)
Rocket Lab acquires Sinclair Interplanetary (Read here)
VXG raises $1M seed round (Read here)
NorthOne raises $29.3M Series A (Read here)
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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