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
The horrifying truth about being a Black woman founder in Canada(BETAKIT)
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
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Greeneye Technology raises $7M USD seed round (Read here)
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McRock Capital holds final close of Fund II at $112 million (Read here)
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BlackCart raises $2M (Read here)
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Nesto raises $11.5M Series A (Read here)
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Poka closes $6.4M (Read here)
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Vention raises $38M Series B (Read here)
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Sonic Incytes raises $3.5M seed round (Read here)
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Ritual reportedly raises $29.8M (Read here)
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Tugboat Logic closes $10.8M (Read here)
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Spiderwort closes $3.4M (Read here)
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Trusscore raises $5.33M (Read here)
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Clearpath Robotics raises $40M Series C(Read here)
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BLACK SWAN #10 – PLEASE REGISTER FOR OUR VIRTUAL EVENT(BETAKIT)
We know what we’re gaining by staying home (safely). What are we losing?
BLACK SWAN #9 – CALGARY AND TORONTO LOOK TO STOP THE BLEEDING(BETAKIT)
The impact of COVID-19 on Canadian tech and innovation won’t be subsiding any time soon.
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