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
With fresh capital and a new name, Clearbanc has moved beyond its investing roots to become a full-stack founder support platform.
Provincially, BC is projecting an $8.1 billion deficit for the 2020-21 fiscal year, with a budget that focuses heavily on pandemic recovery.
Waterloo Region startups raised $689.6 million for all of 2020 — up 107 percent over 2019. An additional report from Hockeystick also indicated a potential investing gap for BC’s early-stage startups.
In the same week, Calgary’s Absorb Software is also set to be acquired by a US private equity firm.
Latest Funding, Acquisitions, and Layoffs
WAT – Dejero – $60M (read more)
DAR – CarbonCure Technologies – $7.5M (read more)
WAT – NERv Technology – $3.32M (read more)
RECOMMENDED BY XERO
Despite positive indicators of recovery in the Canadian economy, the COVID-19 pandemic has proven that things can get bad quickly. Speaking with BetaKit, Xero Canada Country Manager Faye Pang shared her top six tips for what small businesses can do to prepare for financial instability.
Lombardi goes into detail on OneEleven’s new focus on talent upskilling of the startups within its portfolio, and how Venture For Canada plays a role.
Montreal-based Flinks is preparing to truly take on Plaid in the US market. Flinks raised a $16.2 million CAD round last year to do just that.
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