Canadian startup news of the week (5/03/20)


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

Board communicated shutdown decision to OneEleven executive director(BETAKIT)

“We have nothing more to add and our statement speaks for itself,” an Oxford Properties spokesperson told BetaKit.

Wattpad's Allen Lau on lessons from surviving the dot-com bubble, SARS, and the financial crises(BETAKIT)

Wattpad’s co-founder and CEO provides six lessons to today’s entrepreneurs tasked with navigating COVID-19.

Canada's open banking consultations delayed until Fall "at the earliest"(BETAKIT)

Canada’s Department of Finance has delayed its consultation on open banking until the “Fall at the earliest,” BetaKit has learned.

Report: Startups could fuel the recovery of Canada's economy(BETAKIT)

The report found that innovation companies create an outsized share of new jobs and grow at a much faster rate than the overall economy.

Hamzah Nassif joins Real Ventures as second partner in Toronto(BETAKIT)

Montréal-based early-stage venture capital firm Real Ventures has appointed Hamzah Nassif as the venture capital firm’s second partner based in Toronto.

Latest Funding, Acquisitions, and Layoffs


[Live webcast] CFO 3.0 Breakthrough Finance

In Canada, 7 in 10 financial decision-makers are responsible for driving digital transformation in their business. It has never been more important for Finance Leaders to stay informed with the latest trends impacting their role, company, and industry.

Join us for this live webcast as Finance experts discuss how the responsibilities of the CFO have evolved and how they are playing a key role in leading their businesses during a disruptive and ever-shifting landscape.


Luke Vigeant (Inkblot Therapy) and Brett Belchetz (Maple) share how their telehealth startups changed before and after COVID-19.


“When COVID-19 hit, I just had this clarity that I needed to go into this crisis mode of a Telehealth solution.”

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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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