Canadian startup news of the week (6/21/20)

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


With $5.8 million owed to creditors, TribalScale files for insolvency in bid to restructure company

Toronto-based software company TribalScale is in debt to the point of insolvency, according to public documents obtained by BetaKit.


Google to launch Canada, US accelerator focused on women founders

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

Despite the change of control, Unbounce said Crest Rock is not coming in to take an operational role.


EDC prepared to commit $250 million to investment matching program

“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

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


POWERED BY SAGE INTACCT

Bruce Croxon and Vidyard CFO Matt Hodgson share tips for building resilient SaaS startups

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.


BLACK SWAN #11 – A CANADIAN IN THE VALLEY

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.


BLACK SWAN #10 – PLEASE REGISTER FOR OUR VIRTUAL EVENT

We know what we’re gaining by staying home (safely). What are we losing?


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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.