Canadian startup news of the week (7/04/21)

Shopify

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


Canadian tech must embrace Indigenous reconciliation

While Canada is often viewed globally as a thriving hub within the digital economy, Indigenous communities and practitioners are largely missing from the conversations and spaces about the future ‘smart’ and decentralized technologies.


Workforce analytics startup Visier secures $154 million CAD from Goldman Sachs

This Series E capital brings Visier’s total funding to date to $270 million CAD ($219.5 million USD).


Shopify announces changes to its revenue share model for developers at Shopify Unite 2021

The news comes the same week Shopify GM of Revenue and VP of Shopify Plus, Loren Padelford, announced his departure from the company.


Paper closes $123 million CAD to provide more equitable education support through tech

“There’s a ton of resources available for the families with means and hardly anything available for everybody else.”


Eli Fathi retiring as MindBridge CEO

Fathi publicly announced his intentions this week, after informing MindBridge’s board of directors earlier this year.


Lightspeed filings signalling potential name change show company thinking beyond POS

Earlier this month, Lightspeed signed agreements to acquire two California-based e-commerce firms for a combined total of $925 million.


Latest Funding, Acquisitions, and Layoffs

  • TOR – Adela – $74.4M (read more)

  • MON – Haivision to acquire CineMassive (read more)

  • TOR – Converge to acquire Vicom Infinity, Infinity Systems Software (read more)

  • TOR – d1g1t – $16M (read more)

  • TOR – Alida – $12.3M (read more)

  • >TOR – Think Research boosts credit facility (read more)

  • TOR – Tribe Technologies – $7.5M (read more)

  • MON – Polystyvert – $3M (read more)

  • TOR – Award Pool – $2.8M (read more)

  • TOR – Modern Campus acquires Presence (read more)

  • VAN – Trendi – $2.25M (read more)

  • TOR – WhereiPark acquires MonkeyParking (read more)

  • TOR – Somm – $2M (read more)

  • MON – Government of Canada invests $845K in Montréal Inc. (read more)


RECOMMENDED BY ACCENTURE

Calling Canadian health tech entrepreneurs: pitch your startup to leading North America health industry CEOs!

Accenture’s Health Tech Innovation Challenge brings together start-ups and larger health organizations to tackle the world’s biggest health issues. Now in its fifth year, the challenge gives start-ups the chance to pitch their innovative ideas to leading CEOs from across the healthcare industry in Canada and the US. Entrepreneurs will gain exposure to judges who represent the broad spectrum of Accenture’s clients in healthcare, insurance, life sciences, and government.

Deadline extended to July 16 – apply today!


REGULATION PREVENTS THIS CANADIAN STARTUP FROM REDUCING FARMING HERBICIDES BY 90 PERCENT

“In no other industry in the world should you have something representing 30 percent of your costs operate at something like an 80-90 percent inefficiency.
It’s mind-blowing.”


WHEN WILL CANADIAN TECH STOP PAYING PEANUTS? (AMA EPISODE)

“Can we expect that Canadian tech will start paying talent what they’re worth?” Co-hosts Douglas Soltys and Rob Kenedi are joined by producer Kattie Laur to answer listener questions.


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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.