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
Clio previously secured a $330 million CAD ($250 million USD) Series D round in September 2019 from US-based investors TCV and JMI Equity.
Sonder has raised more than $560 million to date, with its Series E round in 2020 giving the company a $1.3 billion valuation.
The Series C financing follows $25 million USD in growth capital financing Vena secured in September from CIBC Innovation Banking.
CEO Greg Smith told BetaKit that he sees a “huge opportunity” in scaling to meet the growing needs of entrepreneurs and the online course creator economy.
Shopify sees 110 percent year-over-year revenue growth as e-commerce continues to boom amid pandemic(BETAKIT)
Global economic activity from merchants on Shopify reached $307 billion in 2020.
Newton wrote in a blog post it had temporarily paused trading and crypto withdrawals while it addressed an outage with its custodian related to a cyberattack.
Latest Funding, Acquisitions, and Layoffs
TOR – Ceridian to acquire Ideal (read more)
HAL – Cape Privacy – $24.8M (read more)
WAT – Archangel Network of Funds (read more)
RIC – Saltworks Technologies – $9.5M (read more)
TOR – Plooto – $8M (read more)
TOR – Flash Forest – $5.45M (read more)
TOR – Lumeto – $3M (read more)
HAL – ReelData – $2.5M (read more)
TOR – Heirlume – $1.7M (read more)
MON – Axya – $1.5M (read more)
RECOMMENDED BY BETAKIT
If BookJane can help an overburdened region like Peel get citizens vaccinated and maximize healthcare resources, why isn’t the platform being rolled out across the province? The answer isn’t good.
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.
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