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
Atlantic Women's Venture Fund launches inaugural fund, Danielle Graham joins as investment principal
The fund will target early-stage women tech entrepreneurs across Canada “as a proactive and profitable business decision.”
Gekiere passed suddenly on Friday, May 22, due to complications from ongoing cancer treatment.
Benevity founder Bryan de Lottinville to become executive chairman as Andrew Huddart takes over CEO role
The announcement was made internally to Benevity employees Wednesday, with the Calgary-based company confirming the transition to BetaKit.
Latest Funding, Acquisitions, and Layoffs
BehrTech receives $3M grant (Read here)
ShopHERE receives $1M investment from Google Canada (Read here)
Phelix.ai raises $1M seed round (Read here)
AbCellera secures $144M Series B (Read here)
Top Hat to acquire Nelson Education (Read here)
Cinchy closes $10M Series A (Read here)
POWERED BY SAGE INTACCT
The decisions a Finance Leader at a SaaS company must make haven’t changed, but how they decide and with what resources has become more complex. Tracking cash, churn, and DSO is critical to understanding your runway today. Then, forecasting how to bounce back and where to invest is the next of many growth opportunities to consider.
Join Bruce Croxon, partner at Round13 Capital and co-host of BNN’s The Disruptors, and Matt Hodgson, CFO at Vidyard, as they address the challenges and opportunities of a shifting landscape in the SaaS industry.
The impact of COVID-19 on Canadian tech and innovation won’t be subsiding any time soon.
Jeremy Hedges, CEO of The Canadian Shield, explains the process of pivoting one business while launching another one in the middle of a pandemic.
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