Canadian startup news of the week (4/04/21)

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

Unsplash to be acquired by Getty Images(BETAKIT)

While the financial terms of the deal were not disclosed, Unsplash co-founder and CEO Mikael Cho noted in a blog post that Unsplash will continue to operate as a standalone brand and division of Getty Images.

Dialogue closes TSX IPO, raising $100 million(BETAKIT)

The company joins a growing list of Canadian healthtech startups that have tapped public markets in recent months that includes Mednow and MindBeacon.

Dapper Labs raises $305 million to expand NBA Top Shot product to other sports leagues(BETAKIT)

North of 40 additional investors participated in this round of financing, including NBA and NFL stars such as Kyle Lowry, Kevin Durant, DK Metcalf, and Stefon Diggs.

Second Closet secures $20 million as it shifts focus away from self-storage towards B2B third-party logistics(BETAKIT)

“It’s a unique opportunity where we can build a north of a $100 million a year business in Canada.”

Top Hat co-founder Mike Silagadze joins Ripple Ventures as venture partner(BETAKIT)

“Known for his vast experience in scaling online businesses and executing efficient go-to-market strategies, Mike will be a great addition to the Ripple team,” said Ripple Ventures in a statement.

Three barriers to innovation in insurance(BETAKIT)

Duuo’s Director, underwriting argues insurance companies face compliance risks when developing new products to serve Canadians in the digital economy.

Support BetaKit and independent Canadian tech journalism(BETAKIT)

BetaKit wants to elevate the current state of Canadian tech journalism. To do that, we need your support.

Latest Funding, Acquisitions, and Layoffs

  • GER – Staffbase – $145M (read more)

  • TOR – Clutch – $60M (read more)

  • VIC – Plurilock acquires Aurora Systems Consulting (read more)

  • VAN – Requiti acquires Pinmo (read more)

  • OTT – Crank Software acquired by AMETEK (read more)

  • MON – eStruxture to acquire Aptum Technologies’ Canadian data centres (read more)

  • REG – Delta CleanTech – $7.5M (read more)

  • SHR – Classcraft – $4.5M (read more)

  • TOR – Kepler Communications – $3.8M (read more)

  • TOR – Paidiem – $3.75M (read more)

  • TOR – Nulogy – $3.4M (read more)

  • TOR – Opus One Solutions – $3M (read more)

  • K-W – Tyltgo – $2.3M (read more)

  • TOR – Sensibill – $2M (read more)

  • OTT – Hyperion Global Energy – $2M (read more)

  • HFX – Audioptics Medical – $1.9M (read more)

  • TOR – Humi – $1.9M (read more)

  • WPG – Callia Flowers – $1.1M (read more)

  • QC – Eddyfi/NDT acquires Dynamic Risk (read more)

  • MON – QuoteMachine – $1M (read more)

  • HFX – Blue Charm Adherence acquires Symbi Medical (read more)

  • TOR – MedMe Health – $750,000 (read more)

  • SSK – Rivercity Innovations – $700,000 (read more)

  • REG – BrewNinja – $650,000 (read more)

  • TOR – EnergyX Solutions – $500,000 (read more)

  • WPG – VidDay – $272,000 (read more)



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Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache. He was also the winner of SABEW Canada’s 2023 Jeff Sanford Best Young Journalist award.

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