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
Of the thousands of Canadian venture deals produced from 2014 to 2019, so few Black women founders raised money that these figures are very close to nothing.
Shopify donates funds in response to racial injustice, resurfacing long-standing criticisms(BETAKIT)
Shopify has resurfaced long-standing criticisms of its company policies after CEO Tobi Lütke shared a message of support for Black communities amid the ongoing protests against racial injustice in the United States.
Report: Canada ranked fourth startup ecosystem globally as Toronto, Vancouver drop for second year(BETAKIT)
Both Toronto and Vancouver experienced a notable ranking decrease this year, with the former falling nine spots and the latter falling by 12.
BetaKit, Jobbio, and TalentMinded team up to help unemployed Canadian tech workers BounceBack(BETAKIT)
Many talented Canadians have lost their jobs as a result of the COVID-19 pandemic. BetaKit and our partners, Jobbio and TalentMinded, have launched BounceBack to help.
Latest Funding, Acquisitions, and Layoffs
Greeneye Technology raises $7M USD seed round (Read here)
McRock Capital holds final close of Fund II at $112 million (Read here)
BlackCart raises $2M (Read here)
Nesto raises $11.5M Series A (Read here)
Poka closes $6.4M (Read here)
Vention raises $38M Series B (Read here)
Sonic Incytes raises $3.5M seed round (Read here)
Ritual reportedly raises $29.8M (Read here)
Tugboat Logic closes $10.8M (Read here)
Spiderwort closes $3.4M (Read here)
Trusscore raises $5.33M (Read here)
Clearpath Robotics raises $40M Series C(Read here)
POWERED BY SAGE INTACCT
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.
Attendees will learn :
-Best practices for reducing the cost of customer acquisition and retention
-How to make the right business decisions with real time and accurate data, and not just your intuition
-How the finance function may change during times of uncertainty
-How today’s modern technology can help you automate to minimize risks and gain the insights you need to look ahead
We know what we’re gaining by staying home (safely). What are we losing?
The impact of COVID-19 on Canadian tech and innovation won’t be subsiding any time soon.
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