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
With $5.8 million owed to creditors, TribalScale files for insolvency in bid to restructure company(BETAKIT)
Toronto-based software company TribalScale is in debt to the point of insolvency, according to public documents obtained by BetaKit.
The program, called The Google for Startups Accelerator: Women Founders, is set to launch over the next few months and is open to women-led technology startups.
US private equity firm Crest Rock Partners takes majority ownership of Vancouver-based Unbounce(BETAKIT)
Despite the change of control, Unbounce said Crest Rock is not coming in to take an operational role.
“What we’re hearing now from companies is that they’ve been cautious. Now, they’re starting to look at where growth may come from.”
Federal government launching national contact tracing app in collaboration with Shopify, BlackBerry(BETAKIT)
Prime Minister Justin Trudeau announced the app on Thursday, noting that it will first be available in Ontario, before becoming available nationwide in the coming weeks.
Latest Funding, Acquisitions, and Layoffs
Stack acquired by Credit Sesame (Read here)
PreVu3D raises $2.5M (Read here)
GoFor Industries raises $9.8M (Read here)
Funnelytics raises $1.5M (Read here)
Rubikloud acquired by Kinaxis (Read here)
POWERED BY SAGE INTACCT
Sage Intacct hosted a webinar with Bruce Croxon and Matt Hodgson to explain what SaaS founders can do to build resilience into their organizational models.
Idil spoke to us about the racism she has faced in her short time in the Valley, and how it differed from the racism she faced in Canada.
We know what we’re gaining by staying home (safely). What are we losing?
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